Exploring Itinerant Retailing

What is itinerant retailing?

• Itinerant retailing refers to online shopping platforms only.

• Itinerant retailing is a type of wholesale distribution model.

• Itinerant retailing is a fixed-location store that sells goods to consumers.

• Itinerant retailing is a mobile form of retailing where vendors sell goods directly to consumers at various locations.

Name two examples of itinerant retailers.

• Warehouse clubs

• Supermarket chains

• Online retailers

• Food trucks, door-to-door salespeople

How do itinerant retailers typically sell their products?

• Itinerant retailers sell their products exclusively online.

• Itinerant retailers distribute their products through wholesalers.

• Itinerant retailers operate from a fixed storefront.

• Itinerant retailers sell their products directly to customers at various locations.

What are 'Haat' and 'weekly bazaars'?

• Haat are types of traditional clothing.

• Weekly bazaars are held only in urban areas.

• Haat are online marketplaces for digital goods.

• Haat are traditional markets, and weekly bazaars are regular markets held weekly for local trade.

In what ways do itinerant retailers differ from fixed retailers?

• Fixed retailers typically have a wider variety of products than itinerant retailers.

• Itinerant retailers only sell online and do not interact with customers directly.

• Itinerant retailers have fixed locations and lower overhead costs.

• Itinerant retailers differ from fixed retailers in their mobility, cost structure, and market reach.

Why is bargaining common in itinerant retailing?

• Bargaining is discouraged to maintain fixed prices.

• Bargaining is only allowed in online retailing.

• Itinerant retailers do not interact with customers.

• Bargaining is common in itinerant retailing due to flexible pricing and personal interaction.

What types of products are commonly sold by itinerant retailers?

• Jewelry, art, antiques

• Books, magazines, toys

• Food, beverages, clothing, accessories, household goods

• Electronics, furniture, vehicles

How do itinerant retailers adapt to different locations?

• They only sell online without any physical presence.

• They maintain a fixed location regardless of demand.

• Itinerant retailers adapt by researching local markets, adjusting products, using mobile setups, and leveraging social media.

• They focus solely on high-end luxury products.

What role do itinerant retailers play in local economies?

• Itinerant retailers primarily focus on online sales.

• Itinerant retailers enhance local economies by increasing access to goods, creating jobs, and stimulating local spending.

• They reduce competition for local businesses.

• Itinerant retailers have no impact on local job markets.

Can you identify any challenges faced by itinerant retailers?

• Consistent product availability

• Stable customer base

• Challenges faced by itinerant retailers include limited locations, fluctuating traffic, regulatory issues, competition, and inventory management.

• High profit margins