Which of the following features is common to all retailers?

Explanation

Option A states that retailers operate as sole proprietors. This means that they are the sole owners and managers of their businesses. While many retailers do operate as sole proprietors, it is not a feature that is common to all retailers. Some retailers may operate as partnerships or corporations.

Option B states that retailers sell to the final consumers. This means that they sell products directly to individuals who will use or consume them. This is indeed a feature that is common to all retailers. Retailers are the final link in the supply chain, selling products to the end-users.

Option C states that retailers operate with small capital. While some retailers may start their businesses with small capital, it is not a feature that is common to all retailers. Retailers can operate with varying amounts of capital depending on the size and nature of their businesses.

Option D states that retailers sell on hire purchase to consumers. Hire purchase is a type of installment plan where consumers can buy products and pay for them in installments over time. While some retailers may offer this option, it is not a feature that is common to all retailers. Many retailers sell products for immediate payment.

Based on the options provided, the correct answer is Option B: Selling to the final consumers. This is a feature that is common to all retailers as they are the ones who directly sell products to individuals for their personal use or consumption.

Remember, it's important to understand the various features and characteristics of retailers as they play a crucial role in the distribution of goods and services to consumers.