Question:
Mention and define the documents which are used in internal trade.
Answer:
The following are the main documents used in the internal trade.
- Invoice: In case of credit purchases, a statement is supplied by the seller of goods in which he gives particulars of goods purchased by buyer such as quantity, quality,
rate, total value, sales tax, trade discount, etc. It is also called a Bill or Memo. Buyer gets information about the amount he has to pay to the seller from Invoice only.
- Performa Invoice: The "statement (or forwarding letter) containing the details of goods consigned from consigner to consignee is known as a Performa Invoice. It gives the particulars regarding quantity, quality, price and expenses incurred on the goods consigned. In case of consignment, consignee is an agent of consigner who is supposed to sell goods on behalf of consigners and this statement Performa Invoice is only for his information. It is also known as Interim Invoice.
- Debit Note: It refers to a letter or note which is sent by the buyer to the seller stating that his (seller's) amount has been debited by the amount mentioned in note on account of goods returned herewith. It states the quantity, rate, value and the reasons for the return of goods.
- Credit Note: It refers to a letter or note which is sent by the seller to the buyer stating that his account has been credited by the mentioned amount on account of acceptance of his claim about the goods returned by him.
- Lorry Receipt: It refers to a receipt issued by the transport company for goods accepted by it for sending from one place to another. It is also known as Transport Receipt (TR) and Bilty.
- Railway Receipt: It refers to a receipt issued by the railways for goods accepted for sending from one station to another.
Internal Trade
Q 1.
What difficulties will be faced by the consumers if retailers are eliminated from the chain?
Q 2.
Enumerate the services of the wholesaler to manufacturer and some general services.
Q 3.
Mention different types of Chambers of Commerce in India. Explain any one.
Q 4.
Explain important terms used in context of internal trade.
Q 5.
Used goods are bought and sold in which type of shops.
Q 6.
Large quantity buying is characteristic of which trade?
Q 7.
Explain different types of fixed shops under retail trade.
Q 8.
Describe the role and functions of the Chamber of Commerce.
Q 9.
What purpose is served by wholesalers providing warehousing facilities?
Q 10.
How does market information provided by wholesalers benefit the manufacturers?
Q 11.
What is a departmental store?
Q 12.
Explain the services offered by the wholesalers to the manufacturers.
Q 13.
Explain the services of a wholesaler to a retailer, consumer and general services.
Q 14.
Name the retail outlets that sell merchandise through mail.
Q 15.
Explain the meaning, features, advantages and disadvantages of super market.
Q 16.
Enumerate the features of retail trade.
Q 17.
In which business are goods bought and sold through postal services?
Q 18.
Who are Itinerants?
Q 19.
What is meant 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.
Goods with little defects are sold in which type of shops?
Q 22.
Name any two Itinerants.
Q 23.
What type of goods are suitable for Automatic vending machines?
Q 24.
What are the services offered by retailers to wholesalers and consumers?
Q 25.
What do you mean by internal trade?
Q 26.
What difficulties can a consumer face if there is no retail shop?
Q 27.
Discuss advantages and disadvantages of Mail Oraer House.
Q 28.
Name the machine in which goods are bought and sold by inserting coins.
Q 29.
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 30.
Give any two services of retailer to the customers.
Q 31.
Give the full form of FICCI.
Q 32.
What are the differences between departmental stores and multiple shops?
Q 33.
How do the wholesalers help the manufacturer in availing the economies of scale?
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.
Mention and define the documents which are used in internal trade.
Q 36.
Write a short note on Vending Machines.
Q 37.
What is meant by Automatic vending machines?
Q 38.
What difficulties will be faced by the manufacturers if wholesalers are eliminated from the chain?
Q 39.
Distinguish between single line stores and specialty stores. Can you identify such stores in your locality?
Q 40.
Explain the meaning and advantages of carrying on mail order business.
Q 41.
Discuss the meaning, features and advantages of Consumer Cooperative Store.
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.
