Retail Trade — Flashcards

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Retail trade is the sale of goods in very small quantities directly to consumers. A retailer is the last link in the chain of intermediaries. He or she buys goods from the wholesaler and sells them to…

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A retailer is a small shopkeeper who sells goods directly to consumers. Retailers include pedlars, hawkers, one-price-shop owners, and petty shopkeepers. Their work is usually limited to the local are…

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A retailer normally serves customers in the nearby locality because the shop is small, the capital is limited, and the business is meant for direct sale to local consumers. The stock is also arranged …

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Small-scale retail trade is a type of retailing in which a limited variety and limited quantity of goods are sold within a local area. It needs less capital and serves only a limited number of custome…

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Large-scale retail trade is a type of trade in which either one type of goods or a variety of goods are made available to a large number of consumers in a big shop under a single roof, or at the conve…

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Retail trade is classified into two major types: small-scale retail trade and large-scale retail trade. Small-scale retail trade includes itinerant retailing and fixed shop retailing. Large-scale reta…

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Itinerant retailing is a type of small-scale retail trade in which retailers move around and sell a variety of items directly to consumers without having a fixed shop. They often sell on fixed days in…

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In villages, market places for itinerant retailers are called Haat. In towns and cities, they are called weekly bazars. These are places where mobile sellers come on fixed days to sell goods.