A business firm in india buy toys from china to sell it to sri lanka identify the type of trading activity?
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This method of trading is referred to as retail trade.
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Retail Trade
Explanation
When a business firm in India buys toys from China to sell it to Sri Lanka then that trading activity is known as retail trade.
This trade means:
- Selling of the goods or services of the consumer to the customers through different distribution channels to make a profit.
- Selling of merchandise in the state in which it is purchased.
- Single trader, buying or selling securities for personal accounts.
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