What is the purpose of a wholesale trader?

Market Quiz

Quiz
•
Social Studies
•
7th Grade
•
Easy
Smarth Gupta
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To provide goods on credit
To set up shops in shopping complexes
To sell goods directly to consumers
To buy and sell in large quantities
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are things cheaper in the weekly market?
Because the sellers have to pay rent and wages
Because there is less competition among sellers
Because the goods are of lower quality
Because the sellers store the goods at home and do not incur extra expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a hawker and a shop owner?
Hawkers sell branded products, while shop owners sell non-branded products
Hawkers sell expensive goods, while shop owners sell cheap goods
Hawkers sell goods in large quantities, while shop owners sell in small quantities
Hawkers sell goods on the roadside, while shop owners have permanent shops
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do people go to a weekly market? Give three reasons.
To buy goods at higher prices, to avoid bargaining, to get goods on credit
To buy goods in large quantities, to avoid competition, to support big business persons
To buy branded products, to get goods on credit, to avoid bargaining
To find a variety of goods, to get things at cheaper rates, to have a choice of goods
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do people not bargain in shops located in malls whereas they bargain in weekly markets?
Because the sellers in weekly markets expect bargaining
Because the goods in malls are already cheap
Because the goods in malls are of higher quality
Because the sellers in malls do not allow bargaining
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do people in urban areas enter markets without stepping out of their homes?
Through roadside hawkers, through permanent shops, through dairy shops
Through the Internet, through phone orders, through sales representatives
Through weekly markets, through shopping complexes, through malls
Through wholesale traders, through factory outlets, through godowns
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a chain of markets and what purpose does it serve?
A series of markets that are connected, it helps in the distribution of goods
A series of markets that are not connected, it helps in reducing the prices of goods
A series of markets that are not connected, it serves no purpose
A series of markets that are connected, it helps in increasing the prices of goods
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