Question

Read the following characteristics of retail trading carefully and choose the correct option: 
I. This is concerned with the sale of goods directly to the consumers. 
II. Most of the retail trading takes place in fixed establishments or stores. 
III. It is formed by many middlemen, traders, and suppliers. 
IV. Hawkers, street peddling, automatic vending machines, etc., are its examples. 
 

• A. Only I, II and III are correct.
• B. Only I, II and IV are correct.
• C. Only II, III and IV are correct.
• D. Only I, III and IV are correct.

Hint:

Retail trading focuses on direct consumer sales through various outlets and vending mechanisms.

Answer 1

The Correct Option is B

Retail trading is the direct sale of goods to consumers (I), typically occurring in physical stores or establishments (II). Examples include hawkers, street vendors, and vending machines (IV). It is important to note that retail trading does not inherently involve numerous intermediaries or traders, thus rendering statement III inaccurate.