Business Studies

Internal Trade

Question:

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

Answer:

To Retailers

  1. The retailers are relieved of maintaining huge stock of goods because the wholesaler fills up the stock regularly. The wholesaler buys in large quantities and sell them at convenient lots to the retailers.
  2. The wholesaler provides finance and credit facilities to the retailer and thereby relieves the financial difficulties of the retailer.
  3. The wholesaler saves retailers from many types of risks. The retailer is not required to carry huge stock as he can get them from the wholesaler at regular interval. By extending credit has saved the retailers a lot.
  4. The wholesaler provides valuable advices to the retailer on all matters relating to new product and market condition and thereby relieves him from collection of market data.
  5. The wholesaler gives trade discounts on bulk purchase and as such it enables the retailers to earn handful amount of profit.

To Consumer

  1. He enables the consumer to purchase required quantities of goods at the desired time because he supplies goods regularly to the retailers.
  2. He provides goods at a cheaper rate because he facilitates in large scale production.
  3. The wholesaler is in a better position to stabilize prices of the products by adjusting demand and supply. The consumers are benefitted a lot on account of stabilization of prices.
  4. There is no shortage of goods as the wholesaler goes on large purchasing.
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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.

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.

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.