What are the features of modern trade?

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Planning and organised approach

Logistic management.

None of the above.

Both 1 and 2

answer is D.

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Detailed Solution

In the traditional trade times, demand for products was seasonal and according to the customer’s requirement. While in modern trade, the demand for products by individuals remains consistent. In the traditional trade era, customer interaction was personal, and the traders or retailers handed out their products personally. While in the modern trade era, customers can pick and choose the items they prefer. It also provides the customers with the benefit of choice where they can compare multiple products. One of the features of modern trade is planning and an organised approach to the distribution of finalised products and logistics management.

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