Question:
Why are consumers cooperative stores considered to be less expensive? What are its relative advantages over other large scale retailers?
Answer:
Consumer cooperative stores are formed by groups of consumers to provide goods at reasonable prices to members of consumer societies. In such societies, the role of middlemen is eliminated as these societies purchase goods from manufacturers or wholesalers directly and sell them to society members at reasonable rates. As consumer cooperative stores do not aim at profit making, the prices of goods offered by them are much lower than the prices of goods at retail shops. Compared with large-scale retailers, the capital requirement for starting a consumer cooperative society is very low. Thus, consumer cooperative stores do not require much investment, and the goods sold by them are priced lower.
The following are some advantages that consumer cooperative stores have over large- scale retailers:
- Democratic management: Consumer cooperative stores are democratic organisations as they are managed and controlled by elected managing committees of consumer societies. The members of managing committees are elected by the members of consumer societies on the principle of ‘one member, one vote'.
- Limited liability: The liability of the members of consumer cooperative societies is limited to the amount of shares held by them. Thus, in case a society's liabilities increase beyond the assets, the members will not be liable to repay the debts using their personal assets.
- Low price of goods: As the goods offered by consumer cooperatives are directly purchased from manufacturers and wholesalers, the role of middlemen is eliminated. Therefore, consumer societies are able to sell goods at lower prices.
Internal Trade
Q 1.
Mention different types of Chambers of Commerce in India. Explain any one.
Q 2.
Explain important terms used in context of internal trade.
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.
Enumerate the services of the wholesaler to manufacturer and some general services.
Q 6.
What difficulties will be faced by the consumers if retailers are eliminated from the chain?
Q 7.
Explain the services of a wholesaler to a retailer, consumer and general services.
Q 8.
How does market information provided by wholesalers benefit the manufacturers?
Q 9.
Name the retail outlets that sell merchandise through mail.
Q 10.
Explain different types of fixed shops under retail trade.
Q 11.
Enumerate the features of retail trade.
Q 12.
What purpose is served by wholesalers providing warehousing facilities?
Q 13.
Large quantity buying is characteristic of which trade?
Q 14.
Explain the meaning, features, advantages and disadvantages of super market.
Q 15.
Explain the services offered by the wholesalers to the manufacturers.
Q 16.
What is a departmental store?
Q 17.
Goods with little defects are sold in which type of shops?
Q 18.
What is meant by internal trade?
Q 19.
What do you mean by internal trade?
Q 20.
Name the retail organization where same types of commodities are sold at uniform prices located all over the country.
Q 21.
Who are Itinerants?
Q 22.
In which business are goods bought and sold through postal services?
Q 23.
What type of goods are suitable for Automatic vending machines?
Q 24.
Name any two Itinerants.
Q 25.
What are the services offered by retailers to wholesalers and consumers?
Q 26.
Discuss advantages and disadvantages of Mail Oraer House.
Q 27.
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 28.
What difficulties can a consumer face if there is no retail shop?
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.
What difficulties will be faced by the manufacturers if wholesalers are eliminated from the chain?
Q 36.
Write a short note on Vending Machines.
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.
Name and define different large scale retail shops.
Q 44.
How would you differentiate between street traders and street 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.
