Question

retail trade explain it's features​

Answer 1

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Retail trade consists of selling merchandise in the state that it is purchased (or after minor transformations), generally to a customer base of private individuals, regardless of the quantities sold.

The following are the features of Retail Trade are as follows :

• Trading in small Quantity :- ...

• Trade Restricted to Local Areas :- ...

• Wide Variety of Goods :- ...

• Convenience to customers :- ...

• Limited Capital :- ...

• Limited Risk

• Limited Staff

• Personal Attention to consumers