Question

explain the different forms of retail trade. *In Detailed*​

Answer 1

Answer:

In Retail Trade products are sold to the end customer who would consume means journey of the product ends here.

We can classify retail trade on basis of the nature of seller are they temporary, or fixed.

Explanation:

Itinerant retailers: These temporary and small sellers, they do a limited business, and have limited capital to run their business. Examples: Peddlers, Hawkers, Cheap Jacks, Market Trader, Street Traders, they are temporary in nature and sell their product on road or door to door.

Fixed Shop Retailers: As the name suggests they have fixed shops and do sell large variety of products. Examples: General Stores, Specialty Stores, Secondhand Goods Store, Malls