Write note on any three types of itinerant traders
CBSE Class 11
CBSE Class 11 Business Studies
2016-08-02 09:59:54 UTC
Peddlars and hawkers: These are the oldest form of retailers. They deal in non-standardised and low value goods like fruits, vegetables, ice-creams, toys, fabrics etc. which they carry on bicycle, hand cart, cycle rickshaw or on their head. They are small traders who move from one place to another to sell their products.
Market traders : They are also small traders who sell their goods at different places on fixed days. For example—Every Saturday or every Sunday in 'Saturday market7 and 'Sunday market', etc. These traders deal in single line of goods such as toys, readymade garments, fabrics, etc. They deal in low price, low quality goods, hence they cater to the needs of lower income group.
3.Street traders : They are also known as pavement traders. These retailers can be seen in areas having high population like bus stand, railway station etc. They deal in common use products, like newspapers, magazines, toys, stationery items etc. They don't change their place of business frequently.