Business Studies

Internal Trade

Question:

Explain the meaning and advantages of carrying on mail order business.

Answer:

Mail order business is a type of retail trade where orders for the supply of goods are received from customers through mail and goods are dispatched through mail. The goods are supplied either by registered parcel or V.P.P. For this type of business, seller advertises in the leading dailies and magazines and desires the buyers to ask for quotation or price list from the seller. Mail order business has been described as shopping by post from the point of view of buyers and selling by post from the point of view of sellers. This form of retail trade has received wider application in USA and Canada. The leading mail order houses are Montgomery Ward Company, Sears Roebuck and Co. of USA. There are various types of mail order houses like general mail order houses, specialty mail order house, producer's mail order house, wholesaler's mail order house and middlemen type mail order. In this trade, there is no direct contact between the seller and the buyer.
The main advantages of mail-order business are given below:

  1. This type of business can be started with a small amount of capital and involve less risks in comparison to other types of business houses.
  2. Consumers staying at a distant place are benefitted by this method of sale.
  3. There is no fear of bad debt as this business does not facilitate credit sale.
  4. This business facilitates a country wide market and thereby results in market and operational economies.
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Internal Trade

Q 1.

Explain important terms used in context of internal trade.

Q 2.

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

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.

Name the retail outlets that sell merchandise through mail.

Q 6.

What difficulties will be faced by the consumers if retailers are eliminated from the chain?

Q 7.

Enumerate the services of the wholesaler to manufacturer and some general services.

Q 8.

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

Q 9.

How does market information provided by wholesalers benefit the manufacturers?

Q 10.

Explain different types of fixed shops under retail trade.

Q 11.

What purpose is served by wholesalers providing warehousing facilities?

Q 12.

Explain the meaning, features, advantages and disadvantages of super market.

Q 13.

Explain the services offered by the wholesalers to the manufacturers.

Q 14.

Goods with little defects are sold in which type of shops?

Q 15.

Enumerate the features of retail trade.

Q 16.

Large quantity buying is characteristic of which trade?

Q 17.

What is a departmental store?

Q 18.

What is meant by internal trade?

Q 19.

Name the retail organization where same types of commodities are sold at uniform prices located all over the country.

Q 20.

In which business are goods bought and sold through postal services?

Q 21.

What type of goods are suitable for Automatic vending machines?

Q 22.

What do you mean by internal trade?

Q 23.

Who are Itinerants?

Q 24.

Name any two Itinerants.

Q 25.

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 26.

What difficulties can a consumer face if there is no retail shop?

Q 27.

What are the services offered by retailers to wholesalers and consumers?

Q 28.

Discuss advantages and disadvantages of Mail Oraer House.

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.

Write a short note on Vending Machines.

Q 36.

What difficulties will be faced by the manufacturers if wholesalers are eliminated from the chain?

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.