Q.A trader who takes a shop on rent in one locality for a short period, sells the stock intensively at low prices, and then moves to another locality once the stock or the period is over, is called a:
(A) Street Trader
(B) Cheap-Jack
(C) Market Trader
(D) Departmental Store owner

Itinerant retailers are traders who have no fixed place of business. They keep moving with their wares from street to street and place to place, in search of customers.

Characteristics: they are small traders with limited resources, deal mainly in consumer products of daily use (toiletries, fruits, vegetables), stress doorstep customer service, and keep their small stock at home or elsewhere since they have no permanent establishment.

Common types in India:

• Peddlers and hawkers — carry goods on a bicycle, hand-cart, cycle-rickshaw or on their heads, selling non-standardised, low-value items (toys, fruit, fabrics, snacks) at the doorstep. Convenient, but quality and price are not always reliable.
• Market traders — open shops at fixed places on fixed days or dates, serving mainly lower-income customers with cheap daily-use goods. …