Question
Explain retail trading service.
Solution
Retail trading service:
(i) It is the business activity concerned with the sale of goods directly to consumers.
(ii) Most of the retail trading take place in the fixed establishments or stores solely devoted to selling activity.
(iii) Street peddling handcarts, trucks, door to door, mail order, telephone, automatic vending machines, and internet are examples of non-store retail selling.
