Question

What is natural environment.and retail trade ..?
features of retail trade.​

Answer 1

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• ᴛʜᴇ ɴᴀᴛᴜʀᴀʟ ᴇɴᴠɪʀᴏɴᴍᴇɴᴛ ᴇɴᴄᴏᴍᴘᴀssᴇs ᴀʟʟ ʟɪᴠɪɴɢ ᴀɴᴅ ɴᴏɴ-ʟɪᴠɪɴɢ ᴛʜɪɴɢs ᴏᴄᴄᴜʀʀɪɴɢ ɴᴀᴛᴜʀᴀʟʟʏ, ᴍᴇᴀɴɪɴɢ ɪɴ ᴛʜɪs ᴄᴀsᴇ ɴᴏᴛ ᴀʀᴛɪғɪᴄɪᴀʟ. ᴛʜᴇ ᴛᴇʀᴍ ɪs ᴍᴏsᴛ ᴏғᴛᴇɴ ᴀᴘᴘʟɪᴇᴅ ᴛᴏ ᴛʜᴇ ᴇᴀʀᴛʜ ᴏʀ sᴏᴍᴇ ᴘᴀʀᴛs ᴏғ ᴇᴀʀᴛʜ.

• 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