(a) Explain five features of itinerant trading.
(b) State five features of a supermarket.
Explanation
(a) Features of itinerant trading are:
(i) It is a small-scale business.
(ii) It requires a small capital outlay.
(iii) Convenient goods such as food, wears are sold.
(iv) Goods are conveyed by the head, in trays, wheel-barrows and suitcases, from one place to another.
(v) Prices of goods are usually relatively low.
(vi) It involves non-expensive means of advertising.
(vii) Variety of goods are usually carried in small quantities.
(viii) It involves door-to-door selling
(ix) The intenerate trader does not pay rent.
(b) Features of a Supermarket are:
(i) In supermarkets, goods are displayed to encourage impulse buying, attractive display and window display.
(ii) A supermarket is usually located around residential areas and city capital centres.
(iii) A supermarket sells mostly household goods and groceries.
(iv) A supermarket has large storage facilities.
(v) A supermarket is operated on self-service, making use of few attendants.
(vi) A supermarket has large floor space.
(vii) Supermarket operators buy in bulk and sell in units.
(viii) Majority of goods sold are with price tags.
(ix) Baskets and trollies are used to convey items for purchase to the cashier for payment.
(x) Large capital is required.