Internal Trade
Commerce ⇒ Business Studies
Internal Trade starts at 11 and continues till grade 12.
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Define internal trade.
Distinguish between wholesale trade and retail trade.
Explain the concept of 'consumer cooperative stores'.
Explain the concept of 'itinerant retailers' with examples.
Explain the difference between intra-state and inter-state trade.
Explain the importance of internal trade in the Indian economy.
Explain the meaning of 'vending machines' as a form of retail trade.
A retailer purchases goods worth ₹10,000 from a wholesaler and sells them for ₹12,000. Calculate the profit earned by the retailer.
Which of the following is a benefit of internal trade? (1) Promotes foreign exchange, (2) Increases employment, (3) Increases import duties, (4) None of the above
Which of the following is a function of a retailer? (1) Assembling goods, (2) Providing after-sales service, (3) Grading goods, (4) All of the above
Which of the following is a function of wholesalers? (1) Providing credit to retailers, (2) Selling directly to consumers, (3) Manufacturing goods, (4) None of the above
Which of the following is a limitation of mail order houses? (1) No need for display, (2) High cost of advertising, (3) Personal contact with customers, (4) Immediate delivery
Fill in the blank: _______ are large-scale retail shops selling goods of a particular brand only.
Fill in the blank: _______ are retailers who sell goods from door to door.
Fill in the blank: _______ are small retailers who sell goods on foot or using carts.
Fill in the blank: _______ stores are large retail establishments offering a wide variety of products under one roof.
Is it correct to say that internal trade is also known as domestic trade?
Is it correct to say that internal trade is free from import duties?
Is the following statement true or false? 'Mail order houses require personal contact between buyer and seller.'
State whether the following statement is true or false: 'Internal trade is subject to customs duties.'
