The process of exchanging goods and services between a buyer and a seller is known as
trade.
— Trade takes place based on major activities of buying and selling
— What happens in trade is that the ownership of the product transfers from one party to
another
— The different types of trade can be shown by a flow chart as follows

Home trade (Domestic Trade)

1. Retail trade
2. Wholesaletrade

Foreign trade (International Trade)

1. Imports
2. Exports

— Domestic trade means trading within the boundaries of a country. — Domestic trade is twofold as follows.

• Retail trade
• — Wholesale trade

— Retail trade means selling goods and services for final consumption. Retail traders render a great service to the following parties

• To the producer
• — To the wholesale trader
• To the consumer

— The following are some services provided to the producer

• Providing information needed by the producer
• — Supporting the promotion of goods by displaying, posters, banners, cutouts and
  distributing samples etc.

— The following are some services provided to the wholesaler

• Buying different types of goods from the wholesaler and storing them.
• — Supplying important information to the wholesaler
  —

The following are some of the information provided to the consumer

• Supplying the goods demanded by the consumer in the required quantity and required
  time
• Introducing the goods to the consumer.
• — Supplying goods on credit to the consumer
• — Explaining how the goods are used.

—Many intermediaries are connected when distributing goods from the producer to

The following chart shows the distribution channels of consumer goods.