HOME TRADE - Retail Trade

Commerce SSS1 First Term

WEEK 7

HOME TRADE - Retail Trade

Performance Objectives

The student should be able to:

1. Highlight the characteristics, functions, advantages and disadvantages of Retail Trade.
2. State the factors to be considered before setting up a Retail Shop.
3. Explain Small Scale Retailing with various Examples.
4. Itemize the characteristic, the advantages and disadvantages of each of the example.

Content

FUNCTIONS OF THE RETAILER

1. The retailer sells in small quantities to the consumers; they buy from the wholesalers and break the goods into the unit to sell to the consumer.

2. The retailer sells at convenient locations and hours: They sell to the consumers at any time of the day.

3. Stock variety f goods: The retailers are…