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Retail trade is practiced by hawkers, street traders. Kiosks, small stores to department stores, supermarkets, hypermarkets etc.
We can categorise this retailing business into two categories;
i. Small Scale Retail Trade
ii. Large Scale Retail Trade
Evaluation Questions:
- What is trade?
- With the aid of a diagram, show the branches of trade
- Mention five functions of the wholesaler to the manufacturer
- State five importance of retail trade
- State five factors to be considered in setting up a retail trade
Responses