You must complete Home Trade II: Wholesale Trade; Channels of Distribution to unlock this Lesson.



  1. Meaning of Home Trade
  2. Advantages of Home Trade
  3. Agents
  4. Warehouses
  5. Terminologies Used in Home Trade
  6. 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.



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.

Lesson tags: Commerce Lesson Notes, Commerce Objective Questions, SS1 Commerce, SS1 Commerce Evaluation Questions, SS1 Commerce Evaluation Questions Second Term, SS1 Commerce Objective Questions, SS1 Commerce Objective Questions Second Term, SS1 Commerce Second Term
Back to: Commerce – SS1 > Second Term
© [2022] Spidaworks Digital - All rights reserved.