☰
✕

Internal Trade
Question
Wired Faculty App

What is Retail Trade 

Answer

 Retail trade is concerned with buying of goods in small quantities from the wholesaler and selling them in small quantities to the ultimate consumer as per their requirements. The person engaged in this trade is called the ‘retailer’. He acts as a link between the wholesaler and the ultimate consumer.

Sponsor Area

Some More Questions From Internal Trade Chapter

Give the functions of wholesalers.

 Enlist the features of retail trade.

Write a short note on Super Bazaar.

 What is “one-price shop” ?

 Give the types of Multiple Shops.

Explain manufacturer’s shops.

 Explain middlemen shops.

Explain automatic vending machines as a form of large scale retailing.

 Enlist types of wholesalers. 

 Differentiate between Itinerant and Fixed shops.