Question

What is domestic trade ? Why fund is required for business? Clarify.

Answer 1

Answer:

Domestic trade, also known as internal trade or home trade, is the exchange of domestic goods within the boundaries of a country. This may be sub-divided into two categories, wholesale and retail. Wholesale trade is concerned with buying goods from manufacturers or dealers or producers in large quantities and selling them in smaller quantities to others who may be retailers or even consumers. Wholesale trade is undertaken by wholesale merchants or wholesale commission agents.

Explanation:

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Answer 2

Answer:

Domestic trade the exchange of domestic goods within the boundaries of a country. Funds are needed by business to invest in short term as well as long term assets.

Salaries, bills, insurance, amongst other things must be paid. The initial period of a business generates low revenue, hence requiring funding.

When a business begins to grow new locations, products, and market research may be required.

Explanation:

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