Question

Explain retail trading service.

Answer 1

This is the business activity concerned with the sale of goods directly to the consumers. Most of the retail trading take place in fixed establishments or stores solely devoted to selling. It includes small shops, consumer cooperatives, chain stores, departmental stores. Street peddling, handcarts, trucks, door-to-door, mail-order, telephone, automatic vending machines and internet are examples of non-store retail selling.