Dealing in limited variety of product.
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Answer:
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Retail trade is carried on both at small scale and large scale. Small scale retailers are either mobile traders (itinerants) or fixed shops.
Retail trade is carried on both at small scale and large scale. Small scale retailers are either mobile traders (itinerants) or fixed shops.(B) Large Scale Retailers:
➪Departmental Stores;
➪Multiple Shops or Chain Stores;
➪Mail Order Houses;
➪Super-Markets;
➪Co-operative Stores ; and.
➪Vending Machines
Explanation:
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So when the goods are finally sold to the final consumer for personal use, we call that a retail trade. Now it does not matter if the consumer bought the product from a store or a roadside hawker, it is still a retail trade. So how do we classify the innumerable types of retailers we come across? We can classify them according to their sizes, or ownership modules. One such easy way is to classify them on the basis of whether they are fixed or not.
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