Mastering Internal Trade

The main features of internal trade are: (i) Buying and selling of goods and services within a country; (ii) Payments are made and received in the home country; (iii) Few or no formalities are required for the trade.

Internal trade is the buying and selling of goods and services within the geographical limits of a country.

The two categories of internal trade are: (1) Wholesale trade, and (2) Retail trade.

<p>Wholesale trade refers to the trade in which goods are sold in large quantities. A wholesaler provides valuable services to manufacturers and retailers.</p> Signup and view all the answers

<p>A wholesaler provides services to manufacturers such as: facilitating large scale production, bearing risk, financial assistance, expert advice, help in marketing function, and facilitating production continuity.</p> Signup and view all the answers