The content is just an excerpt from the complete note for SS1 First Term Commerce Lesson Note – Home Trade. Check below to download the complete DOCUMENT
WEEK 9
SUBJECT: COMMERCE
CLASS: SS1
TOPIC: HOME TRADE
CONTENT:
- Meaning of Home Trade
- Characteristics and functions of retail trade.
SUB TOPIC 1: MEANING OF HOME TRADE
Home trade is the buying and selling of goods and services within a geographical area of a nation. This type of trade takes place within the boundaries of the country. It is also called internal or domestic trade.
SUB TOPIC 2 CHARACTERISTICS AND FUNCTIONS OF RETAIL TRADE
Meaning of Retail trade
Retail trade is the business activity of buying goods in small quantities from the wholesalers and selling in bits to the final consumers. Retailing is the final link in the chain of distribution. The person who engages in retail trade is called a retailer. Retail activities can be classified into small scale and large-scale retail trade.
CHAIN OF DISTRUBUTION
Manufacturer—Wholesaler——Retailer—–Consumer
CLASSIFICATION OF RETAIL TRADE
CHARACTERISTICS OF RETAIL TRADE
- Retail trade buys goods in small quantity from the wholesaler or Producer and sells in smaller unit to the final consumer.
- Retail trade deals with variety of goods.
To gain full access to the note: DOWNLOAD FILE
