How do wholesale and retail trade form part of internal trade ?

Solution

Internal trade can be classified into two categories : (i) Wholesale, (ii) Retail. Wholesale trade is concerned with the buying and selling of goods for resale or business use. Retail trade is concerned with the buying and selling of goods and services to the ultimate consumers who use the product.

Most producers do not sell their goods directly to the final users. Goods passes through a number of hands before they reach the ultimate consumer. A chain is formed and goods are passed on to a wholesaler who in turn sells them to the consumer/retailer. Both wholesaler and retailer are important links in the chain. Thus, wholesale trade and retail trade form part of the procern of internal trade.

Some More Questions From Internal Trade Chapter

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Internal Trade

How do wholesale and retail trade form part of internal trade ?

Some More Questions From Internal Trade Chapter

What is Wholesale Trade

What is Retail Trade

Explain the features of internal trade.

Give the features of wholesalers.

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.

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