You must complete Home Trade II: Wholesale Trade; Channels of Distribution to unlock this Lesson.
HOME TRADE
CONTENT
- Meaning of Home Trade
- Advantages of Home Trade
- Agents
- Warehouses
- Terminologies Used in Home Trade
- Documents Used in Home Trade
Meaning of Home Trade
Home trade is the act of buying and selling of goods and services within the country.
Advantages of Home Trade
(i) No language barrier since buyers and sellers are close to each other
(ii) There is no foreign exchange problem. The distance over which goods are to move are very short compare to foreign trade.
(iii) There is no difference in the weights and measures used by both the buyers and the sellers since both groups are subject to the same laws.
(iv) The political and legal systems are too less heterogeneous than in the case of foreign trade.
Agents
Functions of Agents
An agent is a person employed for the purpose of establishing a contractual relationship between the principal (who is the person employing the agent) and someone else.
You are viewing an excerpt of this lesson. Subscribing to the subject will give you access to the following:
- NEW: Download the entire term's content in MS Word document format (1-year plan only)
- The complete lesson note and evaluation questions for this topic
- The complete lessons for the subject and class (First Term, Second Term & Third Term)
- Media-rich, interactive and gamified content
- End-of-lesson objective questions with detailed explanations to force mastery of content
- Simulated termly preparatory examination questions
- Discussion boards on all lessons and subjects
- Guaranteed learning
ClassHall Instructor
Halima Ahmadu