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Internal Trade Test - 9

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Internal Trade Test - 9
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Weekly Quiz Competition
  • Question 1
    1 / -0
    The retailer who sell their goods in weekly markets are known as ______________.
    Solution
    These traders sell their goods on fixed days in different marketplaces. Their weekly markets are fixed. For example:- Monday Market in Karol Bagh, Thursday Market in Kingway Camp, Wednesday Market in Rohini, etc.
  • Question 2
    1 / -0
    Retailer who have no fixed place/location of sale are called ________.
    Solution
    Itinerant refers to retailers who have no fixed place/location of sale. They move from one place to another in search of customers. They are also known as mobile vendors.
  • Question 3
    1 / -0
    Which of the following is a correct statement?
  • Question 4
    1 / -0
    A concept in retailing that helps explain the emergence of new retailers is called the __________ hypothesis.
  • Question 5
    1 / -0
    On the basis of volume, which of the following types of wholesale middlemen is the most important?
  • Question 6
    1 / -0
    The phenomenon of over-trading in working capital is characterized by _______________________.
    Solution
    Over-trading can be noticed from the disproportionately high turnover of assets compared to the volume of sales. This high turnover is indicative of less amount of cash invested in current assets which can create problems of liquidity at the time of making payments for current obligations.
    Hence option (A) is the correct answer.
  • Question 7
    1 / -0
    Mail order retailing is also referred to as _______.
  • Question 8
    1 / -0
    Which type of traders mainly deals with the agricultural products?
  • Question 9
    1 / -0
    All the activities involved in selling goods or services directly to final consumers for personal non-business uses are done by _________.
  • Question 10
    1 / -0
    Who plays their significant role in distribution of goods though they do not sell directly to ultimate users or consumers?
    Solution
    Wholesaler is a person or a firm that buys a large quantity o goods from the manufacturers, producers, vendors and sells it to the retailers or other businesses who further sell it to the consumers. The wholesaler does not sell the products directly to the consumer, the product flows from wholesaler to the retailer and then to the end user.
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