Business Studies

Internal Trade

Question:

Explain different types of small scale retail shops.

Answer:

Retail trade is carried on both at small scale and large scale. Small scale retailers are either mobile traders (itinerants) or fixed shops.
Mobile Traders or Itinerants
These retailers have no fixed place of business. They move from place to place and
sell articles of daily use near to consumers. These include the following:

  1. Hawkers: A hawker moves about in residential localities. He carries his goods in a hand cart or bicycle. He deals in low-priced goods of daily use. E.g. combs, toys, soaps, mirrors, bangles, vegetables, fruits, ice-cream, etc.
  2. Peddlers: A peddler also moves from house to house and sells articles of daily use. But he carries his wares on his head or on the back of a mule.
  3. Cheap Jacks: A cheap jack hires a small shop in a residential locality for a temporary period. He shifts his business from one locality to another depending on the availability of customers. He deals in low-priced household articles.
  4. Pavement dealers or Street Traders: A pavement dealer displays his wares on footpath and outside public places such as railway station, bus stand, cinema, temple, etc. He sells low priced articles like newspapers, magazines, fruits, vegetables, footwear to the passersby. He is also called street trader.
  5. Market Traders: A market trader sells goods at weekly markets when the shops are closed for weekly holiday. He displays goods outside the closed shops. He deals in low-priced articles of daily use. He may also set up stalls on fairs and exhibitions.

Fixed Shops (Small Scale Retail Shops)
Small scale retail shops are the most popular form of retail trade. These may be classified as follows:

  1. Street stalls holders: These stalls are located in the main streets or street crossings. A stall is an improvised structure made of tin or wood. The street stall holder displays his goods on a temporary platform and sells toys, stationery, hosiery items, etc. at low prices.
  2. Second hand goods shops: These shops sell used or second hand articles such as books, clothes, furniture, etc. They cater to the needs of poor people who cannot afford new articles. These shops collect goods at private and public auctions.
  3. General stores: These stores sell a wide variety of products under one roof. .For example, a provision store deals in grocery, bread, butter, toothpaste, razor blades, bathing soap, washing powder, soft drinks, confectionery, cosmetics, etc. Consumers can buy most of their daily requirements at one place. Their time and effort is saved. Some of these stores offer free home delivery and monthly credit facilities to regular customers.
  4. Single line stores: These stores deal in one line of goods. They keep stock of different size, design and quality of goods in the same line. Book stores, chemist shops, electrical stores, shoe stores, cloth stores, jeweler shops, etc., are examples of single line stores.
  5. Specialty shops: These shops generally specialise in one type of product rather than dealing in a line of products. Shops selling children's garments, educational books, etc., are examples of such shops.
previuos
next

Internal Trade

Q 1.

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

Q 2.

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

Q 3.

Explain important terms used in context of internal trade.

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.

How does market information provided by wholesalers benefit the manufacturers?

Q 8.

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

Q 9.

Name the retail outlets that sell merchandise through mail.

Q 10.

Explain different types of fixed shops under retail trade.

Q 11.

What purpose is served by wholesalers providing warehousing facilities?

Q 12.

Enumerate the features of retail trade.

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.

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 27.

Discuss advantages and disadvantages of Mail Oraer House.

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.

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.