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The hypothesis that eukaryotic cells evolved from a symbiotic association of prokaryotes—endosymbiosis—is particularly well supported by studies of mitochondria and chloroplasts, which are thought to have evolved from bacteria living in large cells. The endosymbiotic theory explains how eukaryotic cells evolved. The large and small cells formed a symbiotic relationship in which both cells benefited. Some of the small cells were able to break down the large cell's wastes for energy. ... They became the chloroplasts of eukaryotic cells.
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Yogita Ingle 5 years, 5 months ago
Our wants are unlimited but the resources used in the production of goods that satisfy our wants are limited and scarce. So we have to choose those wants that we want the most. For example, if in an economy there are two commodities; Butter and Shirt; then we have to choose which commodity we should purchase because of limited resources and scarcity.
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Yogita Ingle 5 years, 5 months ago
The functions of retailers are as follows :
- Financing : Retailers provide goods to the consumers on credit basis. This increases the level of consumption and hence the standard of living.
- Supplying market information : Since the retailer is in direct contact with the consumers, he provides information regarding their tastes, preferences and attitudes, etc. to the wholesaler. This information helps them in taking important marketing decisions.
- Convenience in buying : Retailers provide goods to the consumers according to their requirements. Usually, they are situated near the residential areas and remain open for long hours.
- Risk bearing : A retailer has to bear the risk if the change in style and fashion occurs when the goods are stored in large quantities in the warehouses.
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Yogita Ingle 5 years, 5 months ago
Services provided by wholesalers are as follows:
- Buying and assembling : The wholesaler buys the product from the manufacturer and collects the same at one place and supplies goods to the retailers according to their requirement.
- Storage function : The wholesaler also performs the storage function. The goods are purchased by the wholesalers from the manufacturers and stored at warehouses in order to meet the demand of retailers. The wholesalers act as bridge between the production and consumption of goods.
- Breaking the bulk : The wholesaler purchases goods from manufacturers in bulk and avails discounts. He sells goods in small quantities to the retailers which saves the retailers from maintaining large stocks.
- Advertisement : A wholesaler undertakes advertising and sales promotion of the product which automatically result in the increase in sales.
- Market information : Wholesalers inform the retailers about the introduction of new products in the market. He also gets feedback from the retailers about the needs and preferences of customers. He passes the information to the producer to make necessary changes in the products.
- Risk bearing : The wholesalers have to maintain optimum levels of stock in their godowns to meet the demands of the retailer. The retailer’s risk of maintaining godowns, price fluctuations, etc., are
reduced to a great level.
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Yogita Ingle 5 years, 5 months ago
Internal Trade When buying and selling of goods and services takes place within the geographical limits of a country. It is known as internal trade.
Types of Internal Trade Internal trade can be classified into two categories.
(i) Wholesale Trade It refers to the trade in which goods are sold in large quantities. The person who carries on wholesale trade is known as wholesaler.
A wholesaler provides many valuable services to the manufacturer as well as the retailer.
(a) Services to Manufacturer
- Facilitating large scale production
- Bearing risk
- Financial assistance
- Expert advice
- Help in marketing function
- Facilitate production continuity
- Storage
(b) Services to Retailer
- Availability of goods
- Marketing support
- Grant of credit
- Specialised knowledge
- Risk sharing
(ii) Retail Trade Retail trade refers to sale of goods in small lots to the final consumers. A retailer buys goods from a wholesaler and sells them to the consumer.
(a) Services to Consumers
- Ready or quick supply
- Wide variety
- Guiding consumers
- Demonstration and after sale services
- Home delivery
- Convenient location
- Credit facility
(b) Services to Wholesaler and Manufacturer
- Ready market
- Providing information
- Risk bearing
- Distribution of goods to distant places
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Yogita Ingle 5 years, 5 months ago
Stoichiometry as the calculation of products and reactants in a chemical reaction. It is basically concerned with numbers.
Stoichiometry is an important concept in chemistry that helps us use balanced chemical equations to calculate amounts of reactants and products. Here, we make use of ratios from the balanced equation. In general, all the reactions that take place are dependent on one main factor, how much substance is present.
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