COMMERCE 101

CLASSIFICATION OF RETAIL TRADE

Happy Monday Everyone, we are here again, wow March has been nice. Hasn't it ? Hope you have enjoyed March so far, anyway we are continuing on the topic we started Last week, pls Enjoy!!!

                                             

                                             RETAIL TRADE

         

      SMALL SCALE TRADE                    LARGE SCALE TRADE

       

         - HAWKING                                           - CHAIN STORE

         - MOBILE SHOP                                    - DEPARTMENTAL

         - TRADING                                           - SUPERMARKET   

         - MARKET TRADE                               - DISCOUNT HOUSE

         - STREET/ ROAD                                  - VARIETY STORES

         - STORES (URBAN & RURAL)           - HYPER MARKET

                                                                        - RETAIL COOPERATIVE.

                    METHOD OF CLASSIFICATION OF RETAIL STORE

1.     Type of Good offered for Sale.

2.     By Location for example Rural or Urban Areas.

3.     By Ownership for example Independent or Cooperative.

4.     Number of Employee’s.

5.     By the Size of Employee’s.

SMALL SCALE TRADE

As the name implies, it involves types of trading that are small in nature. For example:

a.)  HAWKING- is a kind of Trade whereby the person moves from one place to another carrying the goods on their heads, bicycles or vehicles etc. They can be seen in motor parks or Bus-stops. Like the image below

Characteristics of Hawking:

1.     It Provides Door to Door Services.

2.     Different Goods are sold to consumers in small units.

3.     They do not pay rent for shops.

4.     It involves movement of Goods on the Head with Tray or Wheel Barrow.

Advantages of Hawking:

1.     Small amount of Capital is needed to setup the Business.

2.     It Provides opportunity for Self Employment.

3.     It Increases Sales and Profit.

4.     Price of Goods are Low.

          

 Disadvantages of Hawking:

1.     It disturbs the Free Flow of Traffic.

2.     Hawkers are exposed to the dangers of the Road.

b.)   MOBILE SHOP- is Trade where by Goods are arranged in motor van and are moved from one place to another, until it reaches the final consumers. A wide variety of Goods are sold through mobile shops.

c.)    STREET/ROAD SIDE TRADING- is a Trade where the Traders display their Goods along the street, roads or outside the gate of schools, companies, offices in town or cities. They sell variety of Goods, for example Clothes, Bread, Snacks, Books etc. Like this image below

Features of Road Side Trading:

1.     They are found on busy roads or Junction.

2.     The Prices of their Goods are very low.

3.     They sell variety of Goods.

d.)   MARKET TRADERS- are Traders who open at a specific time of the day. They construct shades in a particular location to transact Business.

Features of Market Traders:

1.     They open at a Specific Time.

2.     The Traders are zoned according to the type of Goods sold.

3.     They have Shops or Stores.

e.)    STORES- operate in the urban and rural centers. They are located in the Residence of the Trader or Rented Places. They sell wide range of Goods to meet consumer’s needs.

Reasons for Survival of Small Scale Retailers:

1.     Credit Facilities.

2.     Personal Relationship.

3.     Quick Decision Making.

4.     Small Capital.

5.     Low Prices.

            

Difficulties Encountered by Small Scale Retailers:

1.     Competition.

2.     Low Capital.

3.     Poor Location.

NOTE: THE IMAGES POSTED ARE CREDITED TO GOOGLE.COM. THEY WERE DOWNLOADED FROM GOOGLE AND NOT PROPERTIES OF THIS BLOG. THANKS

This brings us to the end of Today's Session. Hope this was very helpful to you, leave a comment of what you think of this Tutorial and of your Questions below. Have a Blessed Day and Remember You are Amazing. God Bless.