Trade definition
Major trade items
Any business process needs key integrated elements that make it a successful one، as follows:
- Preparation: This is done through conducting a comprehensive study that includes knowing the success rate of trade in the market، and exploiting its chances of success. This study is based on observation، research، testing ideas related to trade، establishing a financial portfolio، and commercial planning.
- Performance: That is، the application of the study that was prepared in the preparation stage on the ground، by starting the commercial activity، taking into account giving the trade its appropriate size in the market، predicting potential risks and the ability to avoid them، and the ability to adapt to the market and its fluctuations.
- Review: Any study of financial transactions، whether individual or comprehensive، at the market level. This step is important for assessing the situation and correcting ideas about the market based on previous successes and mistakes.
- Reorganization: by applying the new ideas of trade that were reached through the review، and avoiding the mistakes that existed in the past; For the new performance to be better.
Trade types
Internal trade The concept of internal trade expresses commercial operations in which commodities are traded between traders in the local market within a specific geographical area. Internal trade is divided into two types، as follows:
- * Wholesale trade: The amount of goods traded in this type is large، as the wholesaler buys large quantities of the goods from their manufacturers، then sells them to retailers who in turn sell them to consumers، as the wholesaler forms the link between producers and retailers.
- Retail Trade: The quantity of goods traded in this type of trade is limited and in smaller quantities than the goods of wholesale trade، where the retailer buys quantities that suit the market’s need and sells them to consumers، as the retailer forms the link between wholesalers and consumers.
foreign trade
The concept of foreign trade expresses the commercial operations in which goods are traded between two different countries، and foreign trade is divided into three types، as follows:
