Features of Retail Trade

Q.

Define Wholesale trade?

Q.

Who acts as a middleman between a wholesaler and customer?

1. retailers

2. shopkeepers

3. sellers

4. buyers

Q.

A businessman buying and selling goods in small quantities comes under___

1. Wholesale

2. Retail trade

3. Single line business

4. None of the above

Q.

Explain any two business activities which are auxiliaries to trade.

Q.

What is the difference between a wholesaler and retailer?

Q.

The persons who come in between the primary producer and the final consumer to promote trade is called as?

1. Middleman

2. Auctioneer

3. Agent

4. Trader

Q.

source of medichandise

Q. Define
e. Chain of markets

Q. State with reasons whether the following statement are True or False.

Supermarket shop offers home delivery facilities to customer.

Q. Write a word or phrase or a term which can substitute each one of the following statements.

A shop where all goods are available at same price.

Q. Select the proper option from the options given below and rewrite the sentences.

________ focused in production.

(a) Producer
(b) Advertiser
(c) Customer
(d) Seller

Q.

Who usually appoints a delivery person?

1. All of the above

2. Manufacturer

3. Retailer

4. Wholesaler

Q. Select the proper option from the options given below and rewrite the sentences.

Prices charged by retailers are generally_______.

(a) Higher
(b) Lower
(c) Fixed

Q. State with reasons whether the following statement are True or False.

Customers can easily bargain in one price shop.

Q. Select the proper option from the options given below and rewrite the sentences.

One price shop sales the goods at ________ prices.

(a) High
(b) Low
(c) Fixed

Q. State with reasons whether the following statement are True or False.

Wholesaler deals in small quantity.

Q.

A warehouse keeper accepts goods for the purpose of___

1. Export

2. Selling

3. Storage

4. Packaging

Q. Many retailers offer a credit facility to their customers.

1. True
2. False

Q. Distinguish between the following.

Business and commerce

Q. State with reasons whether the following statement are True or False.

Retailer sells goods on cash basis.

Q. A retailer does not offer after-sale services to customers if needed in case of durable items.

1. True
2. False

Q. Consumers can conveniently buy the required products at one place at a retail store.

1. True
2. False