3. Retail Trade
• Meaning
• Retail Trade refers to the purchase and sale of goods
and services in small quantity for final consumption
4. Types of Retail Trade
Itinerant
Retailers
Fixed Shop
Retailers
Traders who
keep on moving
from one place
to another to sell
products.
Traders who do
not move from
one pace to
another to sell
their products.
5. Itinerant Retailers
• They do not have a fixed place of business to
operate from.
• They keep moving with their shops from one
location to another, in search of consumers.
• They carry limited stock
• They operate with limited resources
• They deal in consumer goods of daily use
• Greater service to consumer.
• Goods are sold cheap.
10. Features of Hawkers and Peddlers
• They sell goods at the doorstep of the consumer
• They do not have fixed price for goods
• They deal in non standardized and low value products
• The goods they sell are not always reliable in terms of
quality and price.
11.
12. Market Traders are small retailers who sells
goods at periodical markets
13. Features of Market Traders
• They sell goods in weekly markets, monthly bazaars
or annual fairs
• They deal in low priced consumer items of daily use
• They deal in one particular line of product such as
vegetables, pottery, fish etc.
• They set up their shop with temporary structure.
14.
15. Street traders or pavement vendors are small
retailers who open shops near public places
16. Features of Street traders
• They operate near public places like railway stations,
bus stands etc.
• They sell consumer items of common use like
newspaper, stationery items etc.
• They deal in low price products of common use
• They do not change their place of business frequently
17.
18. Cheap Jacks are small retailers who have
independent shops of a temporary nature
19. Features of Cheap Jacks
• They hire small shops or display goods in tents
• They shift from one place to another depending upon
the prospects of business
• They deal in consumer goods as well as services such
as repair of watches, shoes, umbrella etc.