business studies - internal trade

Class 11 - Business Studies

Internal Trade

Q&A
Question:

Discuss advantages and disadvantages of Mail Oraer House.

Answer:

The retail outlets that sell their goods through mail are referred to as mail order houses. There is no personal contact between the buyers and the sellers in this type of trading. The trader contacts the customer through advertisement in newspaper or magazines, circulars, catalogues and price list is sent to them by post. All the information about product such as price, features, delivery terms, terms of payment etc are described in the advertisement. The customers may be asked to make full payment in advance or goods may be sent by VPP (Value Payable Post), under which goods are delivered to the customer only when he makes full payment for the same. The goods may be sent through a bank which delivers them to the customer only when he makes full payment.
Advantages of Mail Order Houses:

  1. They can be started with low amount of capital as no expenditure on building or other infrastructural facilities are required.
  2. They do not require the services of middlemen so they are eliminated. .
  3. They do not extend credit facilities to the customers and thus there are no chances of bad debts.
  4.  They can serve people wherever postal services are available.
  5.  They deliver goods at the doorstep of the customer which result in great convenience to the customers in buying the goods.

Limitations of Mail Order Houses:

  1. There is no personal contact between the buyers and the sellers. The buyers are not in a position to examine the products before buying.
  2. They rely heavily on advertisement and other promotional activities which increases their cost of product.
  3. In mail order selling after sales services are absent.


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Questions and Answers


Internal Trade - Questions
1.

What is meant by internal trade?


Answer
2.

What purpose is served by wholesalers providing warehousing facilities?


Answer
3.

How does market information provided by wholesalers benefit the manufacturers?


Answer
4.

Distinguish between single line stores and specialty stores. Can you identify such stores in your locality?


Answer
5.

Explain the services offered by the wholesalers to the manufacturers.


Answer
6.

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.


Answer
7.

Why are consumers cooperative stores considered to be less expensive? What are its relative advantages over other large scale retailers?


Answer
8.

Who are Itinerants?


Answer
9.

Name any two Itinerants.


Answer
10.

Large quantity buying is characteristic of which trade?


Answer
11.

Goods with little defects are sold in which type of shops?


Answer
12.

Used goods are bought and sold in which type of shops.


Answer
13.

Give one example of chain stores.


Answer
14.

In which business are goods bought and sold through postal services?


Answer
15.

Name the machine in which goods are bought and sold by inserting coins.


Answer
16.

What type of goods are suitable for Automatic vending machines?


Answer
17.

Name the retail outlets that sell merchandise through mail.


Answer
18.

Name any two departmental stores.


Answer
19.

Name the retail organization where same types of commodities are sold at uniform prices located all over the country.


Answer
20.

Enumerate the features of retail trade.


Answer
21.

Differentiate between retail trade and wholesale trade.


Answer
22.

Enumerate the services of the wholesaler to manufacturer and some general services.


Answer
23.

Explain different types of fixed shops under retail trade.


Answer
24.

Explain different types of small scale retail shops.


Answer
25.

Discuss the meaning, features and advantages of Consumer Cooperative Store.


Answer
26.

What difficulties can a consumer face if there is no retail shop?


Answer
27.

Mention different types of Chambers of Commerce in India. Explain any one.


Answer
28.

Explain the services of a wholesaler to a retailer, consumer and general services.


Answer
29.

Name and define different large scale retail shops.


Answer
30.

Explain the meaning, features, advantages and disadvantages of super market.


Answer
31.

How do the wholesalers help the manufacturer in availing the economies of scale?


Answer
32.

What are the services offered by retailers to wholesalers and consumers?


Answer
33.

Discuss the features of a departmental store. How are they different from multiple shops or chain stores?


Answer
34.

What do you mean by internal trade?


Answer
35.

Give the full form of FICCI.


Answer
36.

What is meant by Automatic vending machines?


Answer
37.

Describe the role and functions of the Chamber of Commerce.


Answer
38.

What is the difference between a hawker and a peddler?


Answer
39.

Explain the meaning and advantages of carrying on mail order business.


Answer
40.

What is a departmental store?


Answer
41.

What are the differences between departmental stores and multiple shops?


Answer
42.

Mention and define the documents which are used in internal trade.


Answer
43.

What difficulties will be faced by the manufacturers if wholesalers are eliminated from the chain?


Answer
44.

"The chambers interact with the government at different levels to reorient or put in place policies which reduce trade hindrances."Comment.


Answer
45.

How would you differentiate between street traders and street shops?


Answer
46.

Give any two services of retailer to the customers.


Answer
47.

Who are itinerants? Name different types of itinerants.


Answer
48.

Discuss advantages and disadvantages of Mail Oraer House.


Answer
49.

What difficulties will be faced by the consumers if retailers are eliminated from the chain?


Answer
50.

Explain important terms used in context of internal trade.


Answer
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