By T. W. Cox, R. Lawson and C. W. Schofield (Auth.)
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Both home killed and imported meat is sold; it is estimated that about 40 per cent of the imported meat is handled in the market. Although the market has good rail facilities, these are not used to any great extent; most of the supplies reach the market early in the morning by road. Sales are effected to retailers from the Greater London area by wholesalers who rent stalls from the Corporation of the City of London. Some out-dated practices still exist in the market; for example, the retailers who park their vehicles near the market, must arrange for porters to carry the purchases to their vehicles or hire special carriers who are permitted to have their own porters.
Are there any dangers in the continued expansion of hire-purchase today ? METHODS OF DISTRIBUTION 44 MODEL ANSWERS IN THE STRUCTURE OF COMMERCE Question No. 14. Write notes on the following as channels of distribution: (a) Commodity markets. (b) Mail-order selling. (c) Door-to-door sales. A. C. ) Answer, (a) There is no ideal classification of commodity markets but considered in a broad sense, it is convenient to consider (i) Markets for raw materials and foods and (ii) Markets for manufactured products.
B) Explain by reference to three of the principal markets in London what you understand by the term "an organized market". (C) Explain briefly the workings of the markets, Covent Garden, Billingsgate and Smithfield, and explain why such markets are so important. 4. Questions relating to Import and Export Procedure Question No. 18. Give an outline of the usual procedure when exporting goods, and the method of arranging payment by means of a documentary bill of exchange. Does the Government afford any assistance in this field?