Internal Trade Test

Result

Internal Trade Test - 13

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Weekly Quiz Competition

Question 1
1 / -0

Name the shop which sells rare objects of historical value and antique items at heavy prices.

A
Secondhand goods shop

B
Single line stores

C
Speciality shops

D
Street small shops
Question 2
1 / -0

Name the traders who open their shops at different places on fixed days or dates.

A
Street traders

B
Peddlers and Hawkers

C
Cheap jacks

D
Market traders
Question 3
1 / -0

The success of mail order business depends heavily on the availability of __________ at a place.

A
efficient postal services

B
credit facilities

C
after sale services

D
none of the above

Solution

It means postal services can deliver more efficiently to their customers, helping to unlock new opportunities and fuel economic growth.
Question 4
1 / -0

Name the advantages offered by Multiple shops to its customers.

A
Economies of scale

B
Low cost

C
Diffusion of risk

D
All of the above
Question 5
1 / -0

The benefits of large scale operations are enjoyed by_____________ in respect of purchase of goods.

A
chain stores

B
consumer cooperative stores

C
departmental stores

D
all of the above

Solution

Large retail establishment with an extensive assortment in variety and range of goods, organized into separate departments. All departments are housed under the same roof to facilitate buying, customer service, merchandising, and control.
Question 6
1 / -0

The departmental store caters to the needs of relatively_________________ of people.

A
high income group

B
low income group

C
Both A and B

D
None of the above

Solution

A high income economy is defined by the World Bank as a country with a gross national income per capita US$12,056 or more in 2017, calculated using the Atlas method. While the term "high income" is often used interchangeably with "First World" and "developed country", the technical definitions of these terms differ.
Question 7
1 / -0

Name a fixed shop large retailer in which the number of shops with similar appearances are located in different parts of the country.

A
Chain stores

B
Departmental stores

C
Mail order houses

D
Consumer cooperative store
Question 8
1 / -0

Name the fixed shop large retailer which satisfies all the needs of customers under one roof.

A
Chain stores

B
Consumer cooperative store

C
Mail order housing

D
Departmental stores

Solution

A department store is a retail establishment offering a wide range of consumer goods in different product categories known as "departments".
Question 9
1 / -0

Name the type of goods that are suitable for trading through mail order houses.

A
Goods that can be graded and standardized

B
Goods that can be easily transported at a low cost

C
Goods that can be described through pictures

D
All of the above

Solution

Mail order houses are the retail outlets that sell their merchandise through mail. There is generally no direct personal contact between the buyers and the sellers in this type of trading.
Only the goods that can be:
(i) graded and standardised
(ii) easily transported at low cost
(iii) have ready demand in the market
(iv) are available in large quantity throughout the year
(v) involve least possible competition in the market and
(vi) can be described through pictures etc., are suitable for this type of trading.
Question 10
1 / -0

Name the retailer enterprise in which sales are made strictly on cash basis.

A
Chain stores

B
Departmental stores

C
Consumer cooperative store

D
All of the above

User

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Re-Attempt Weekly Quiz Competition

Internal Trade Test - 13

Result

Internal Trade Test - 13

Score

-

Rank

-

SHARING IS CARING

Question 1

Secondhand goods shop

Single line stores

Speciality shops

Street small shops

Question 2

Street traders

Peddlers and Hawkers

Cheap jacks

Market traders

Question 3

efficient postal services

credit facilities

after sale services

none of the above

Solution

Question 4

Economies of scale

Low cost

Diffusion of risk

All of the above

Question 5

chain stores

consumer cooperative stores

departmental stores

all of the above

Solution

Question 6

high income group

low income group

Both A and B

None of the above

Solution

Question 7

Chain stores

Departmental stores

Mail order houses

Consumer cooperative store

Question 8

Chain stores

Consumer cooperative store

Mail order housing

Departmental stores

Solution

Question 9

Goods that can be graded and standardized

Goods that can be easily transported at a low cost

Goods that can be described through pictures

All of the above

Solution

Question 10

Chain stores

Departmental stores

Consumer cooperative store

All of the above

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

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