Internal Trade

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Internal Trade refers to buying and selling of goods and services within the boundaries of a nation. It differs from External Trade in that: 1) No custom or import duties are levied, 2) Payment is mad

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Internal Trade is classified into two broad categories: 1) Wholesale Trade - Purchase and sale of goods in large quantities for resale or intermediate use, 2) Retail Trade - Purchase and sale of goods

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Wholesale Trade is the purchase and sale of goods and services in large quantities for the purpose of resale or intermediate use. Key characteristics: 1) Deal in large quantities, 2) Serve as link bet

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Services to manufacturers: 1) Facilitating large scale production by pooling orders, 2) Bearing risks like price fall, theft, spoilage, 3) Financial assistance through cash payments and advances, 4) E

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Services to retailers: 1) Availability of goods from various manufacturers at one place, 2) Marketing support through advertising and promotion, 3) Grant of credit facilities to regular customers, 4)

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A Retailer is a business enterprise engaged in the sale of goods and services directly to ultimate consumers. Retail Trade is the purchase and sale of goods in small quantities, generally to final con

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Services to manufacturers/wholesalers: 1) Help in distribution by making products available to scattered consumers, 2) Personal selling efforts to convince customers, 3) Enabling large-scale operation

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Services to consumers: 1) Regular availability of various products from different manufacturers, 2) New product information through displays and personal selling, 3) Convenience in buying - small quan