Jatin says he buy a truck full of stationary from Pen India Ltd.(largest stationary producer in India). Shubham Buy comparatively smaller quantities of stationary items from Jatin and then sell it to consumers (a)What kind of Trade Jatin is involved in? (b)What kind of Trade Shubham is involved in? (c)What kind of Trade both of them involved in if they were from different countries?
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Answer:
A) Jatin is involved in wholesale Trade ( As he purchased goods in large quantities from producers and sold to retailers.)
B) Shubham is involved in Retailer Trade ( As he purchaser goods and sold in comparatively smaller quantities for final consumption)
C) Both of them involved in External Trade.
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