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Q: What are the characteristics of informal trading?
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What are the Characteristics of Formal and informal meetings?

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What is informal trade?

Informal trade is trade that is not counted in national statistics. In essence, it is trade that occurs 'under the table'.


What are disadvantages of informal tradeing?

Informal trading bypasses the bid process which often results in the best prices and terms. Formal trading paractices are required by most companies as they insure an ethical situation and the best deal.


Disadvantages of informal communication?

Informal trading bypasses the bid process which often results in the best prices and terms. Formal trading paractices are required by most companies as they insure an ethical situation and the best deal.


What are the characteristics of a powerful trading nation?

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What is the Characteristics that associate domestic business and international business with a global company?

what are the characteristics of domestic trading


What are the advantages of informal trading?

The advantages of informal trading include: Flexibility: Informal traders can quickly adapt to market changes and customer preferences. Low Start-Up Costs: It often requires minimal capital to start, making it accessible for many people. No Regulatory Burdens: Informal traders typically operate outside of strict regulatory frameworks, reducing compliance costs and complexity. Income Opportunities for the Unemployed: It provides a source of income for those who may not have access to formal employment. Meeting Community Needs: Informal traders can offer goods and services tailored to local community needs. Stimulating Local Economies: They contribute to the local economy, often circulating money within the community. Innovation and Entrepreneurship: Informal trading encourages entrepreneurial skills and innovation at a grassroots level.


What are the characteristics of an informal group?

leadership and positive as well as negetive relationships among members


What are three characteristics of informal language?

Informal language is casual, conversational, and often includes slang or colloquial expressions. It is used in familiar settings where a relaxed tone is appropriate.


What are Mali characteristics?

Human characteristics of Mali are trading, mining and farming. Physical characteristics of Mali are: Sahara desert, salt and golden mines ,and the Niger River.


A group of functions with similar characteristics?

the answer is like a peer group or informal or formal group