Street Traders

Q.

What are services? Explain their distinct characteristics?

Q.

Itinerant traders have been an integral part of internal trade in India. Analyse the reasons for their survival in spite of competition from large scale retailers.

Q.

Are market traders small retailers who open their shops at different places on fixed days?

1. No

2. Yes

Q.

Where are street traders commonly found? Give examples.

Q. Long answer type questions.

What do you mean by itinerant retailers? Explain its features.

Q.

What does the private market mean?

Q.

___ open their shops at different places on fixed days. They mostly deal in one kind of merchandise.

1. None of the above

2. Peddlers

3. Storekeepers

4. Market Traders

Q.

A ___ is a type of bazaar that provides space for people who want to sell their products.

1. Flea market

2. Super market

3. General stores

4. None of the above

Q.

___ deal mainly in goods of cheap variety like hosiery products, toys, cigarettes, soft drinks and so on.

1. Departmental stores

2. Street stall holders

3. Speciality stores

4. Secondhand goods shop

Q.

A network of delivering products to the customer which is composed of distributors, suppliers, and manufacturing company is classified as _________.

1. Supply chain management
2. Marketing channels
3. Delivery channels
4. Value delivery network

Q. What are pocket size books that are sold by travelling peddlers.

Q. Write short answer of the following.
1. What is non-itinerant retailer?
2. What do you mean by street stall holders?
3. How is general store popular in retail market?
4. State the functions of wholesaler?
5. Write five functions of a retailer?

Q. Sole traders differ from other types of trading organizations. Which of the following statements correctly summarizes the key characteristics of a sole trader's business?

1. Liability is limited to the providers of loan finance and only the trader takes an active part in managing the business.
2. The trader has unlimited liability and must have the business accounts audited.
3. The trader has unlimited liability, takes sole responsibility for management of the busines.
4. The trader has unlimited liability and runs the business in conjunction with the providers of loan finance.

Q. Write short notes of the following.

ITPO.

Q. The word 'stature' used in the passage is closest in meaning (in the given context) to?

1. standing
2. height
3. market-size
4. aid