Explanation:
9.1) Scope: Trade specifically focuses on exchanging goods and services between parties. Commerce has a broader scope and encompasses all activities related to the buying, selling, and distributing of goods and services. Activities: Trade involves activities such as buying, selling, importing, and exporting products.
A 1.) Large-scale stocks of goods are typically stocked in warehouses or distribution centers. These facilities are strategically located to facilitate efficient transportation and distribution of goods to various locations.
2.) Retail shopkeepers typically procure items for sale from wholesale markets or directly from manufacturers or distributors. These items are then sold to consumers at a markup in retail stores.
3.) On the other hand, purchase and sale of goods in relatively small quantities, generally to the ultimate consumers, is referred to as retail trade. Traders dealing in wholesale trade are called wholesale traders and those dealing in retail trade are called retailers.
4.) Shops which stock and sell goods made by one company or group of companies is calledi. wholesaler.
