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Embeds 0 No embeds. No notes for slide. Commerce presentation on trade and its classification 1. Presentation on Trade and its classification 2. Trade The term trade refers to buying and selling of goods and services with in the country or outside the country. Trade is classified into 2 categories: Payment in this kind of trade are made and received with in the currency of the country.
It refers to the trade in which goods are sold in a large quantities. The person who carries on the wholesale trade is called wholesaler. Functions of wholesale trade: It refers to goods sold in small quantities. The person dealing in retail trade is called retailer. Functions of retail trade: Difference between wholesaler and retailer Wholesaler: This involves the exchange of goods and services between the citizens of two nations.
When the citizens of one nation exchange goods and services with the citizen of another nation is called foreign trade. Foreign trade transactions are classified into 3 categories: Example- buying petrol from Iraq. Example selling wheat,rice to USA. Example-selling tea to USA and buying electronic goods from china Start clipping No thanks. You just clipped your first slide! Clipping is a handy way to collect important slides you want to go back to later. Now customize the name of a clipboard to store your clips.
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