Internal Trade is the chapter in the class 11 that is sorted under the subject business studies. This is an interesting chapter which is incorporated with various concepts – internal trade, wholesale trade, services to wholesalers, services to manufacturers, services to the retailers, retail trade, service of retailers, services to the manufacturers and wholesalers, services to the customers, types of retailing trade – itinerant retailers, market traders, street traders, cheap jacks, fixed shop retailers, fixed shop small retailers, fixed shop large stores – departmental stores, multiple stores, mail-order houses. These are a few key points to be considered by the students while studying.
Students can refer to :
|NCERT Solution for Class 12 Business Studies Chapter 6 – Staffing||NCERT Solution for Class 12 Business Studies Chapter 7 – Directing|
Frequently asked Questions on CBSE Class 11 Business Studies Notes Chapter 10: Internal Trade
What is ‘Internal trade’?
It is referred to as internal trade When buying and selling of goods and services takes place within the geographical boundaries of a country.
What is a ‘departmental store’?
Departmental store is a retail establishment that sells a wide variety of goods.
What does ‘cheap jack’ mean?
The term cheap Jack refers to a seller of cheap or inferior quality goods.