WAEC Commerce 2000 Theory question 105

Theory question 105

Retail Trade

Commerce 2 (essay)
(a) Explain five features of itinerant trading
(b) State five features of a supermarket

Show the model answer
Model answer

(a) Any five, explained: traders move from place to place (hawkers, pedlars, mobile shops); no fixed shop premises; small capital; sell cheap, mostly consumable goods; personal contact with customers; goods carried on head, bicycle or van; low overheads; often sell on cash basis.
(b) Any five: self-service; large shop, usually in towns; wide range of mainly food and household goods; goods pre-packed and price-marked; cash and carry with check-out points; no credit; large capital; attractive displays.

Explanation

Itinerant means moving about.