Revision On Internal Trade

Buying and selling of goods in small

quantities.

• Wholesalers

• Consumers

• Retailers

• Manufacturers

Which of these is not a feature of departmental store.

• Elimination of middlemen

• Centralized buying and Decentralized selling

• Shopping Convenience

• Cash and Carry

Chain stores are also called as Multiple Shops

• True

• False

Select all the Services of Retailers to Consumers (Select 3)

• Storage

• New products information

• Convenience in buying

• Wide selection

Which of these is a limitation of Departmental Store.

• Convenience in buying

• Huge investment

• Attractive services

• Promotion of sales

Why is there no Bad Debt in Multiple Shop.

• Because of Centralised Management

• Because of Cash and Carry

• Because of Convenient location

• Because Centralized buying and decentralized selling.

A retail trader buys goods from the manufacturer

and sells them to the customers.

• True

• False

A Chain Stores sells only one or two line of Goods is Known as

• Limited choice

• Flexibility

• Low Cost

• Diffusion of risk

Select all the Limitations of Chain Store.

• Lack of initiative and motivation

• Risk due to change in taste

• Inconvenient Location

• Limited choice

This retail business acts as a universal supplier of a wide variety of products.

• Multiple shop

• Wholesalers

• Departmental Stores

• Retailers