Q.An example of traditional business is :

A retailer is a business enterprise that sells goods and services directly to the ultimate consumers for their personal, non-business use. The retailer normally buys in large quantities from wholesalers and sells in small quantities to final buyers, forming the last link in the chain of distribution.

Retailing can happen in many ways — personally, over the telephone, or through vending machines — and at many places — in a store, at the customer's home, on a roadside or a bus. Whatever the how or the where, so long as the sale is made directly to the ultimate consumer, it is retailing.

Services to manufacturers and wholesalers: helping distribute goods to scattered consumers (place utility), taking on personal selling, enabling large-scale operations, collecting market information about buyers' tastes, and helping in promotion.

Services to consumers:

• Regular availability of a variety of products, so buyers can purchase as and when needed. …