WAEC Commerce 2024 Theory — Question 4

Model answer

(a) Features of itinerant trade: (i) It usually involves small capital to start; (ii) No shop is required; (iii) The trader may need means of transportation from place to place; (iv) Most times, all his goods are always with him; (v) It is usually a small business. (b) Features of a supermarket: (i) It is a self-service shop; (ii) It stores a wide variety of goods; (iii) It encourages impulse buying; (iv) It has trolleys for buyers; (v) It is usually a one-stop shop.