What are the differences between traditional and modern trade?

Question

Accepted Answer

Traditional trade refers to conventional methods of buying and selling goods, while modern trade involves advanced techniques and technologies.

Traditional trade relies on physical stores and face-to-face interactions, while modern trade includes online platforms and e-commerce.
Traditional trade often involves cash transactions, while modern trade offers various payment options such as credit cards and digital wallets.
Traditional trade has limited reach and customer base, while modern trade allows businesses to target a global audience.
Traditional trade relies on personal relationships and word-of-mouth marketing, while modern trade utilizes data-driven marketing strategies and social media advertising.
Traditional trade may have slower order processing and delivery times, while modern trade offers faster and more efficient logistics solutions.

Accepted Answer

The first and foremost difference between the two is that while traditional marketing focused on selling the products which were produced by the company whereas modern marketing first looks at from customer satisfaction point of view.

Another difference between the two is that while traditional market used to think from company’s point of view as their whole focus was on selling the goods to the customer no matter whether they required the goods or not. Whereas modern marketing is customer oriented.

What are the differences between traditional and modern trade?

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