The Complete Business Journey: From Manufacturing to the Customer
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 & 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 : WHOLE SALER TRADE / RETAIL TRADE 1. WHOLE SALER TRADE : Market trade, Street trade Etc. 2. RETAIL TRADE : Fixed shop retailers: 1. Small : General Stores, Second Hand Goods shops, Authorized dealers 2. Large: One Price shops, Departmental Stores, Supermarket Stores, Malls. Channel of Distribution: Producer/Manufacturing -Wholesaler -Retailer -Consumer Wholesaler: A wholesaler purchases goods from the producer in large quantities. A Wholesale deals with one & Other Type of Goods. A large amount of capital is required for...