Sponsor Area

Internal Trade

Question
CBSEENBS11004671

Imagine life without local market. What difficulties would a consumer face if there is no retail shop ? 

Solution
Retailers serve as an important link between wholesalers and consumers. If they are eliminated then the consumers have to face following problems :

1. They cannot get information of change in fashion, style and design etc.

2. They have to locate wholesalers/manufacturers etc. to purchase goods and services which involve waste of time, money and energy.

3. They cannot enjoy variety of products.

4. They have to invest their money as they cannot purchase the things on credit.

5. They cannot provide feedback to manufacturers about the quality of the products.

6. They cannot bargain for the prices of the products.