The website has the complete lesson note for all the subjects in secondary school but this piece showcases the SS1 Commerce Lesson Note on Small-Scale Retailers. You can use the website search button to filter out the subject of interest to you.
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TOPIC: HOME TRADE
CONTENT:
SUB TOPIC 1: FACTORS TO BE CONSIDERED IN SETTING UP A RETAIL TRADE.
SUB TOPIC 2: CLASSIFICATION OF RETAIL TRADE
Retail activities can be classified into small-scale and large scale as represented in the diagram below
Retailers
Small scale ⇔ Large scale
Hawkers/itinerant trade ⇔ chain stores
Mobile shops ⇔ Departmental stores
Street traders ⇔ supermarkets
Market traders ⇔ Mail order business
Small Stores (Urban and Rural) ⇔ Discount houses
Tied shops/unit stores ⇔ Franchisiing
kiosks ⇔ Hypermarkets
⇔ Variety stores
⇔ Retail cooperatives
METHODS OF CLASSIFICATION OF RETAIL TRADE
SMALL SCALE RETAILING
Small scale retailing is retail trading with small coverage. Little Capital is needed in setting up this type of retail trade.
CHARACTERISTICS OF A SMALL- SCALE RETAILING
Click on the Downloadable Button to get the FULL NOTE
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