Business Studies

Internal Trade

Question:

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:

Itinerant traders are retailers who do not have a fixed place of operation. That is, they do not have a shop from where they sell their products. They are also known as mobile traders as they keep moving from place to place in order to sell their products. They are generally found on street sides, and they shift their place of operation in search of more customers. They usually sell low-priced and non-standard goods.
The reasons that itinerant traders survive in spite of the tough competition from large-scale retailers can be attributed to the following factors:

  1. It is very easy to set up a small scale retail shop. One person with limited funds himself can start business. He need not associate other persons and no formalities are necessary.
  2. A small scale retail shop can be located anywhere. It can provide goods of daily use near the place of consumers. They are not required to travel to big markets.
  3. The small scale retailer knows his customers. He can attend to them personally and cater to their individual tastes and needs. Such personalised service is not available in large scale retail stores.
  4. Small scale retailers cater to the masses that have limited income and can afford to buy small quantity. In India majority of the population is poor.
  5. It is easy to manage and control a small sale retail shop. The owner himself is the manager. He has direct motivation to work hard and increase the efficiency of business. He takes personal interest in his business organisations.
  6. Small amount of capital is required to start a small retail shop. People with small amount of funds can start retail business on a small scale.
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Internal Trade

Q 1.

Explain important terms used in context of internal trade.

Q 2.

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

Q 3.

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

Q 4.

Describe the role and functions of the Chamber of Commerce.

Q 5.

Name the retail outlets that sell merchandise through mail.

Q 6.

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

Q 7.

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

Q 8.

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

Q 9.

How does market information provided by wholesalers benefit the manufacturers?

Q 10.

Explain different types of fixed shops under retail trade.

Q 11.

What purpose is served by wholesalers providing warehousing facilities?

Q 12.

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

Q 13.

Explain the services offered by the wholesalers to the manufacturers.

Q 14.

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

Q 15.

Enumerate the features of retail trade.

Q 16.

Large quantity buying is characteristic of which trade?

Q 17.

What is a departmental store?

Q 18.

What is meant by internal trade?

Q 19.

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

Q 20.

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

Q 21.

What type of goods are suitable for Automatic vending machines?

Q 22.

What do you mean by internal trade?

Q 23.

Who are Itinerants?

Q 24.

Name any two Itinerants.

Q 25.

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 26.

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

Q 27.

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

Q 28.

Discuss advantages and disadvantages of Mail Oraer House.

Q 29.

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

Q 30.

Give the full form of FICCI.

Q 31.

What are the differences between departmental stores and multiple shops?

Q 32.

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

Q 33.

Give any two services of retailer to the customers.

Q 34.

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

Q 35.

Write a short note on Vending Machines.

Q 36.

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

Q 37.

What is meant by Automatic vending machines?

Q 38.

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

Q 39.

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

Q 40.

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

Q 41.

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

Q 42.

Give one example of chain stores.

Q 43.

How would you differentiate between street traders and street shops?

Q 44.

Name and define different large scale retail shops.

Q 45.

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

Q 46.

What is the difference between a hawker and a peddler?

Q 47.

Name any two departmental stores.

Q 48.

Who are itinerants? Name different types of itinerants.

Q 49.

Specify the characteristics of fixed shop retailers.

Q 50.

Explain different types of small scale retail shops.