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. 
 

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Retail trading focuses on direct consumer sales through various outlets and vending mechanisms.
Updated On: Jan 21, 2025
  • Only I, II and III are correct.
  • Only I, II and IV are correct.
  • Only II, III and IV are correct.
  • Only I, III and IV are correct. 

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The Correct Option is B

Solution and Explanation

Retail trading involves selling goods directly to consumers (I). It is usually conducted in fixed stores or establishments (II). Examples of retail trading include hawkers, street peddling, and vending machines (IV). However, retail trading is not necessarily formed by multiple middlemen and traders, making statement III incorrect.
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