{"id":5125,"date":"2019-02-15T04:19:21","date_gmt":"2019-02-14T22:49:21","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5125"},"modified":"2019-02-16T11:41:44","modified_gmt":"2019-02-16T06:11:44","slug":"trade","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/","title":{"rendered":"Trade"},"content":{"rendered":"<p><strong>The process of exchanging goods and services between a buyer and a seller is known as<\/strong><br \/>\n<strong>trade.<\/strong><br \/>\n\u0097 Trade takes place based on major activities of buying and selling<br \/>\n\u0097 What happens in trade is that the ownership of the product transfers from one party to<br \/>\nanother<br \/>\n\u0097 The different types of trade can be shown by a flow chart as follows<\/p>\n<p><strong>Home trade (Domestic Trade)<\/strong><\/p>\n<ol>\n<li>Retail trade<\/li>\n<li>Wholesaletrade<\/li>\n<\/ol>\n<p><strong>Foreign trade (International Trade)<\/strong><\/p>\n<ol>\n<li>Imports<\/li>\n<li>Exports<\/li>\n<\/ol>\n<p>\u0097 Domestic trade means trading within the boundaries of a country. \u0097 Domestic trade is twofold as follows.<\/p>\n<ul>\n<li>Retail trade<\/li>\n<li>\u0097 Wholesale trade<\/li>\n<\/ul>\n<p>\u0097 Retail trade means selling goods and services for final consumption. Retail traders render a great service to the following parties<\/p>\n<ul>\n<li>To the producer<\/li>\n<li>\u0097 To the wholesale trader<\/li>\n<li>To the consumer<\/li>\n<\/ul>\n<p>\u0097 <strong>The following are some services provided to the producer<\/strong><\/p>\n<ul>\n<li>Providing information needed by the producer<\/li>\n<li>\u0097 Supporting the promotion of goods by displaying, posters, banners, cutouts and<br \/>\ndistributing samples etc.<\/li>\n<\/ul>\n<p>\u0097<strong> The following are some services provided to the wholesaler<\/strong><\/p>\n<ul>\n<li>Buying different types of goods from the wholesaler and storing them.<\/li>\n<li>\u0097 Supplying important information to the wholesaler<br \/>\n\u0097<\/li>\n<\/ul>\n<p>The following are some of the information provided to the consumer<\/p>\n<ul>\n<li>Supplying the goods demanded by the consumer in the required quantity and required<br \/>\ntime<\/li>\n<li>Introducing the goods to the consumer.<\/li>\n<li>\u0097 Supplying goods on credit to the consumer<\/li>\n<li>\u0097 Explaining how the goods are used.<\/li>\n<\/ul>\n<p>\u0097Many intermediaries are connected when distributing goods from the producer to<\/p>\n<p>The following chart shows the distribution channels of consumer goods.<\/p>\n<p><a class=\"fancybox\" href=\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5128\" src=\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg\" alt=\"fb\" width=\"465\" height=\"288\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The process of exchanging goods and services between a buyer and a seller is known as trade. \u0097 Trade takes place based on major activities of buying and selling \u0097 What happens in trade is that the ownership of the product transfers from one party to another \u0097 The different types of trade can be [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10,2399],"tags":[],"class_list":["post-5125","post","type-post","status-publish","format-standard","hentry","category-business-studies","category-unit-11-en-business-studies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trade - Learning &amp; Education Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade - Learning &amp; Education Portal\" \/>\n<meta property=\"og:description\" content=\"The process of exchanging goods and services between a buyer and a seller is known as trade. \u0097 Trade takes place based on major activities of buying and selling \u0097 What happens in trade is that the ownership of the product transfers from one party to another \u0097 The different types of trade can be [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/\" \/>\n<meta property=\"og:site_name\" content=\"Learning &amp; Education Portal\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-14T22:49:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-16T06:11:44+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg\" \/>\n<meta name=\"author\" content=\"Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/\"},\"author\":{\"name\":\"Admin\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/person\/ffb0504e2cfb71518790b2fffd668c59\"},\"headline\":\"Trade\",\"datePublished\":\"2019-02-14T22:49:21+00:00\",\"dateModified\":\"2019-02-16T06:11:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/\"},\"wordCount\":244,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#organization\"},\"image\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg\",\"articleSection\":[\"Business Studies\",\"Unit 11\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/\",\"url\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/\",\"name\":\"Trade - Learning &amp; Education Portal\",\"isPartOf\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg\",\"datePublished\":\"2019-02-14T22:49:21+00:00\",\"dateModified\":\"2019-02-16T06:11:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#primaryimage\",\"url\":\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg\",\"contentUrl\":\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/astan.lk\/al_virtualclassroom\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trade\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#website\",\"url\":\"https:\/\/astan.lk\/al_virtualclassroom\/\",\"name\":\"Learning &amp; Education Portal\",\"description\":\"Astan\",\"publisher\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/astan.lk\/al_virtualclassroom\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#organization\",\"name\":\"Learning &amp; Education Portal\",\"url\":\"https:\/\/astan.lk\/al_virtualclassroom\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2016\/11\/logo.png\",\"contentUrl\":\"https:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2016\/11\/logo.png\",\"width\":340,\"height\":51,\"caption\":\"Learning &amp; Education Portal\"},\"image\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/person\/ffb0504e2cfb71518790b2fffd668c59\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f76e3d5e4e7064c8c128567b8ab726a35a2d3ac22ff5a60d673f87b8d4ee7333?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f76e3d5e4e7064c8c128567b8ab726a35a2d3ac22ff5a60d673f87b8d4ee7333?s=96&d=mm&r=g\",\"caption\":\"Admin\"},\"sameAs\":[\"http:\/\/lk.preceptor1\"],\"url\":\"https:\/\/astan.lk\/al_virtualclassroom\/author\/astan-preceptor1\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trade - Learning &amp; Education Portal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/","og_locale":"en_US","og_type":"article","og_title":"Trade - Learning &amp; Education Portal","og_description":"The process of exchanging goods and services between a buyer and a seller is known as trade. \u0097 Trade takes place based on major activities of buying and selling \u0097 What happens in trade is that the ownership of the product transfers from one party to another \u0097 The different types of trade can be [&hellip;]","og_url":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/","og_site_name":"Learning &amp; Education Portal","article_published_time":"2019-02-14T22:49:21+00:00","article_modified_time":"2019-02-16T06:11:44+00:00","og_image":[{"url":"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg","type":"","width":"","height":""}],"author":"Admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#article","isPartOf":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/"},"author":{"name":"Admin","@id":"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/person\/ffb0504e2cfb71518790b2fffd668c59"},"headline":"Trade","datePublished":"2019-02-14T22:49:21+00:00","dateModified":"2019-02-16T06:11:44+00:00","mainEntityOfPage":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/"},"wordCount":244,"commentCount":0,"publisher":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/#organization"},"image":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#primaryimage"},"thumbnailUrl":"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg","articleSection":["Business Studies","Unit 11"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/astan.lk\/al_virtualclassroom\/trade\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/","url":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/","name":"Trade - Learning &amp; Education Portal","isPartOf":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/#website"},"primaryImageOfPage":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#primaryimage"},"image":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#primaryimage"},"thumbnailUrl":"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg","datePublished":"2019-02-14T22:49:21+00:00","dateModified":"2019-02-16T06:11:44+00:00","breadcrumb":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/astan.lk\/al_virtualclassroom\/trade\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#primaryimage","url":"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg","contentUrl":"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/fb-300x186.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/astan.lk\/al_virtualclassroom\/trade\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/astan.lk\/al_virtualclassroom\/"},{"@type":"ListItem","position":2,"name":"Trade"}]},{"@type":"WebSite","@id":"https:\/\/astan.lk\/al_virtualclassroom\/#website","url":"https:\/\/astan.lk\/al_virtualclassroom\/","name":"Learning &amp; Education Portal","description":"Astan","publisher":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/astan.lk\/al_virtualclassroom\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/astan.lk\/al_virtualclassroom\/#organization","name":"Learning &amp; Education Portal","url":"https:\/\/astan.lk\/al_virtualclassroom\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/logo\/image\/","url":"https:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2016\/11\/logo.png","contentUrl":"https:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2016\/11\/logo.png","width":340,"height":51,"caption":"Learning &amp; Education Portal"},"image":{"@id":"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/person\/ffb0504e2cfb71518790b2fffd668c59","name":"Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f76e3d5e4e7064c8c128567b8ab726a35a2d3ac22ff5a60d673f87b8d4ee7333?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f76e3d5e4e7064c8c128567b8ab726a35a2d3ac22ff5a60d673f87b8d4ee7333?s=96&d=mm&r=g","caption":"Admin"},"sameAs":["http:\/\/lk.preceptor1"],"url":"https:\/\/astan.lk\/al_virtualclassroom\/author\/astan-preceptor1\/"}]}},"_links":{"self":[{"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/posts\/5125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/users\/842"}],"replies":[{"embeddable":true,"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/comments?post=5125"}],"version-history":[{"count":1,"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/posts\/5125\/revisions"}],"predecessor-version":[{"id":5130,"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/posts\/5125\/revisions\/5130"}],"wp:attachment":[{"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/media?parent=5125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/categories?post=5125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/astan.lk\/al_virtualclassroom\/wp-json\/wp\/v2\/tags?post=5125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}