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Question

Identify the type of itinerant trader from the following:

a) Traders who open their shop on fixed day.
b) Petty retailer who have temporary independent shops.
c) Traders commonly found in populated area.

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Solution

a) Traders who open their shop on fixed day - Market traders: The small retailers who open their shops at different places on fixed days or dates. They are mainly catering to lower-income group of customers and deal in low-priced consumer items of daily use.
b) Petty retailer who have temporary independent shops - Cheap jacks: Retailers who have independent shops of a temporary nature in a business locality. They keep on changing their business from one locality to another, depending upon the potentiality of the area. They deal in consumer items as well as services such as repair of watches, shoes, buckets etc.

c) Traders commonly found in populated area- Street traders: Retailers who are commonly found at places where huge floating population gathers, for example, near railway stations and bus stands, and sell consumer items of common use, such as stationery items, eatables, readymade garments, newspapers and magazines.


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