Theory question 104
Retail Trade(a) State five features of itinerate trade.
(b) State five features of a supermarket.
Show the model answer
(a) Itinerant trade (any five): traders move from place to place (hawkers, pedlars, mobile shops); small capital; no fixed shop; sell small quantities of goods; deal in cheap, everyday or fast-moving goods; usually cash sales; sole proprietors; take goods to customers' doors; prices often bargained.
(b) Supermarket (any five): large shop, usually in towns; self-service; wide variety of goods, mainly food and household items; goods displayed on shelves with prices marked; cash/card payment at check-out points; fixed prices, no bargaining; large capital; often part of a chain; shopping trolleys/baskets provided.
Itinerant = moving traders; supermarket = large self-service shop.