what is the difference between street seller and in market in points
Answers
Answer:
Hawker is a person selling products which are unbranded and there is no guarantee or warranty.
He has no fixed place of operation like a regular Vendor who has got a shop or a retail outlet.
Hawker has no legal registrations like a shop and Establishment act or GST.
Hawker has no billing process and hence escapes all commercial and income tax rules.
Hawker has no permanent place for selling, he can mo e around and as no accountability.
He will be cheaper than a vendor if he sells same product because his overheads are low.
Vendor always msintains commercial rules a d files his normal tax conditions.
Vendor has support from his parent supplier. He makes sales as per market conditions.
Hawker makes decisions as per market conditions.
Hawker selling pattern is Volatile. One day he can give more discount based on competition, or he can sell at a better price. There is no fixed price principle with a hawker. He can sell same product to two people at different prices.
Explanation: