Domestic trade
Domestic trade, is the exchange of domestic goods within the boundaries of a country. This may be sub-divided into two categories, wholesale and retail. Wholesale trade is concerned with buying goods from manufacturers or dealers or producers in large quantities and selling them in smaller quantities to others who may be retailers or even consumers. Retail trade is concerned with the sale of goods in small quantities to consumers. The types are:
- Wholesale. Wholesaling is the sale of goods or merchandise to retailers; to industrial, commercial, or other professional business users. It is the sale of goods to anyone other than a standard consumer. Wholesale is defined as the resale of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or companies. While wholesalers of most products usually operate from independent premises, wholesale marketing for foodstuffs can take place at specific wholesale markets where all traders are congregated. In the past years wholesalers were closer to the markets they supplied than the source from which they got the products. However, with the advent of the internet there are an increasing number of wholesalers located nearer to the manufacturer's.
- Retail or small trade, Retailing involves the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain. Modern retailers typically make a variety of decisions including the type of store, the market, product assortment, customer service, supporting services and the store's. Retailers devise the retail mix which includes product, price, place, promotion, personal and presentation. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also changing the way that consumers pay for goods and services. Retailing support services may also include the provision of credit, delivery services, advisory services, stylist services and a range of other supporting services. This have been an ancient type of shop.