Question:
Explain important terms used in context of internal trade.
Answer:
The following are the main terms used in the internal trade.
- Cash on delivery (COD): It refers to a type of transaction in which payment for goods or services is made at the time of delivery. If the buyer is unable to make payment when the goods or services are delivered, then it will be returned to the seller.
- Free on Board or Free on Rail (FOB or FOR): It refers to a contract between the seller and the buyer in which all the expenses up to the point of delivery to a carrier (it may be a ship, rail, lorry, etc.) are to be borne by seller.
- Cost, Insurance and Freight (CIF): It is the price of goods which includes not only the cost of goods but also the insurance and freight charges payable on goods.
- E and OE (Errors and Omissions Expected): It refers to that term which is used in trade documents to say that mistakes and things that have been forgotten should be taken into account. This term is used in an attempt to reduce legal liability for incorrect or incomplete information supplied in a docume
Internal Trade
Q 1.
Used goods are bought and sold in which type of shops.
Q 2.
Mention different types of Chambers of Commerce in India. Explain any one.
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.
Who are Itinerants?
Q 21.
Name the retail organization where same types of commodities are sold at uniform prices located all over the country.
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.
