Meaning *Trade means the process of exchange of goods and services. Trade refers to the buying and selling of goods and services with the object of earning profit. *Trade establishes a link between production and consumers and it is carried out by buying and selling. * There are two types of trade 1} INTERNAL TRADE 2} EXTERNAL TRADE: Import, Export. 1} INTERNAL TRADE :- 1}WHOLESALER TRADE 2}RETAIL TRADE 1} WHOLESALER TRADE : Market trade, Street trade etc. 2} RETAIL TRADE : Fixed shop retailers: {1}Small :{1} General Stores,{2}Second hand Goods shops {3} Authorized dealers {2}Large: {1}One Prices shops {2}Departmental Stores {3}Supermarket Stores {4} Malls Channel of Distribution: Producer/Manufacturing -Wholesaler -Retailer -Consumer Wholesaler: A wholesaler purchases good
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