SMALL SCALE RETAIL TRADE (chapter four)

MARKET TRADING:

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Market trading; is another type of small scale retail trade where buyer's and seller's are brought together to transfer ownership of goods.

FEATURES OF A MARKET TRADING:

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(1) There is availability of stalls.

(2) They specialise on the basis types of goods.

(3) There is specific time of/for operation, etc.

ADVANTAGES OF MARKET TRADING:

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(1) They benefit in stocking of wide varieties of
goods.

(2) There is competition among the traders,
and this makes each and everyone of
them (traders) to be more serious with
his or her business.

(3) Low price.

(4) Time saving.

(5) Attraction of customers.

(6) You are free to operate (open and close)
at any time you wish/like within the
operating hour, etc.

DISADVANTAGES OF MARKET TRADING:

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(1) They have problem of specializing in on the
basis types of goods.

(2) They do sample goods outside, as a result
to this, It is exposed to thieves to have
free access to those goods sampled
outside.

(3) Some of the traders are living far from the
market and this makes them to face a
problem of distance.

(4) problem of specific time of operations, etc.