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Q.

Buying and selling of goods and services within a country is called


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a

International trade

b

State trade

c

Regional trade

d

Internal trade  

answer is D.

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Detailed Solution

Buying and selling goods and services within a country is called internal trade. Internal trade or home trade includes two forms of marketing: wholesale and retail trade. Wholesale marketing refers to buying goods in bulk quantity from manufacturers or their agents and selling it to the retailer in small quantities. Wholesalers sell their products to retailers, who then sell them straight to customers. Retailers purchase goods in smaller amounts, but they have a variety of items.
 
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