11. Explain the types of Retail Trade from the view point of Big shops.
Answers
Answer:
Itinerant Retailers
These are retailers who do not have a fixed decided place of business. Their business is characterized by moving their shops around, sometimes even on a daily basis. Their sale is to the final consumers of the goods, so they are retailers, even if they do not have a standard place of business.
Some features of such itinerant retailers are as follows,
The scale of operations is small. Large-scale operations cannot shift their place of business on a regular basis, but itinerant retailers can
The capital is also limited in the case of itinerant retailers
They usually deal in day to day products and perishable items of daily use like fruits, vegetables, milk, toiletries etc.
Such retailers increase the convenience to customers by making products available practically at the doorsteps of the consumer
Since they have to shift their place of business with regularity, they keep limited inventory for logistical purposes.
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