Revision: Corporate Organisation, Finance and Trade >> Internal Trade Business Studies Commerce (English Medium) Class 11 CBSE

1.  According to Philip Kotler, “Wholesaling includes all activities involved in selling goods or services to those who buy for resale or for business use.”
2. According to Evelyn Thomas, “A true wholesaler is himself neither a manufacturer nor a retailer but acts as a link between the two.”

1.  According to Philip Kotler, “Wholesaling includes all activities involved in selling goods or services to those who buy for resale or for business use.”
2. According to Evelyn Thomas, “A true wholesaler is himself neither a manufacturer nor a retailer but acts as a link between the two.”

1. According to Oxford Dictionary, “Retail is the sale of goods to the public in relatively small quantities for use or consumption rather than for resale.”
2. According to William Stanton, “Retail Trade includes all activities directly related to the sale of goods and services to the ultimate consumer for personal and non-business use.”

1. According to James Stephenson, “A Chain store shops consists of a number of similar shops owned by a single business firm.”
2. According to Clark and Clark:
   “Chain stores system consists of a number of retail store, which sell similar products are centrally owned and operated under one management.”

“A large store selling a wide variety of consumer goods, particularly food and small articles of household requirements.”

• Internal trade happens within a country’s borders.
• It includes two main types: wholesale and retail trade.
• Wholesalers purchase in bulk and sell to retailers, who in turn sell to consumers.
• The channel of distribution connects producers with consumers.
• Internal trade supports economic growth and development.

• Internal trade happens within a country’s borders.
• It includes two main types: wholesale and retail trade.
• Wholesalers purchase in bulk and sell to retailers, who in turn sell to consumers.
• The channel of distribution connects producers with consumers.
• Internal trade supports economic growth and development.