Question:
Discuss advantages and disadvantages of Mail Oraer House.
Answer:
The retail outlets that sell their goods through mail are referred to as mail order houses. There is no personal contact between the buyers and the sellers in this type of trading. The trader contacts the customer through advertisement in newspaper or magazines, circulars, catalogues and price list is sent to them by post. All the information about product such as price, features, delivery terms, terms of payment etc are described in the advertisement. The customers may be asked to make full payment in advance or goods may be sent by VPP (Value Payable Post), under which goods are delivered to the customer only when he makes full payment for the same. The goods may be sent through a bank which delivers them to the customer only when he makes full payment.
Advantages of Mail Order Houses:
- They can be started with low amount of capital as no expenditure on building or other infrastructural facilities are required.
- They do not require the services of middlemen so they are eliminated. .
- They do not extend credit facilities to the customers and thus there are no chances of bad debts.
- They can serve people wherever postal services are available.
- They deliver goods at the doorstep of the customer which result in great convenience to the customers in buying the goods.
Limitations of Mail Order Houses:
- There is no personal contact between the buyers and the sellers. The buyers are not in a position to examine the products before buying.
- They rely heavily on advertisement and other promotional activities which increases their cost of product.
- In mail order selling after sales services are absent.
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.
Name the retail outlets that sell merchandise through mail.
Q 14.
Explain the services of a wholesaler to a retailer, consumer and general services.
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.
