Features Of Roadside Trading, Advantages And Disadvantages

Hello, welcome to this class on the Topic: STREET or ROADSIDE TRADING: features of roadside trading, advantages and Disadvantages of roadside trading.

Table Of Content

1. Meaning of roadside traders
2. Features of roadside trading
3. Advantages of roadside trading.
4. And disadvantages of roadside trading.

See Also

• Types of small scale retail trade, advantages and disadvantages
• Features of chain stores – advantages and disadvantages
• Features of supermarket – advantages and disadvantages

Street or Roadside Traders

Roadside traders are traders who display their wares along the streets, roads or outside the gates of schools, companies, offices in towns and cities. These traders sell veriety of goods, such as clothes, shoes, breads, snacks, books etc, along major roads. In Nigeria for example this is very common around Pen cinema, mushin, ogba, ojodu berger and oshodi areas of Lagos State.

Features of Roadside Trading

Here we take a look at the features of roadside trading in Commerce:

1. Operation is from a point: Roadside trading is usually operated from one point. In other words, it does not move about.
2. Stock varieties of goods: Varieties or different types of goods are usually stock in the shop.
3. Found in busy roads: Another features of roadside trading is that roadside trading are normally located or found in busy roads in both in rural and urban canters.
4. Display wares in stalls: They display their goods or wares on structures in form of stalls.
5. Operate low prices: In roadside trading, the prices of the goods are very low.

Advantages of Roadside Trading

Here, will take a look at the advantages of roadside trading in Commerce:

1. It stock variety of goods: Roadside trading usually stock variety of goods for easily accessibility by consumers.
2. Low prices of goods: Consumers can easily buy goods since the prices are generally very low.
3. It requires small amount of capital: This requires small amount of capital to set up which is another advantages of roadside trading.
4. Accessibility to travelers: In roadside trading, goods are easily accessible to travelers either within or outside the town.

Disadvantages of Roadside Trading

Here, will take a look at the disadvantages of roadside trading in Commerce:

1. Goods are in limited quantity: Most of the goods stocked are limited because the operation is in small scale.
2. High cost of rentage: The cost of rentage for the roadside trading may be very high and this can reduce the profit margin of the trader.
3. Goods may be wasted: This is another disadvantages of roadside trading, most goods stocked may not be easily sold as many may either expire or be wasted due to low patronage.

Revision Questions

1. Who are roadside traders.
2. Write the features of roadside trading.
3. write down four advantages of roadside trading.
4. List 3 disadvantages of roadside trading.