Internal Trade

Topics in this chapter

• Internal Trade and Intermediaries
• Wholesale Trade and Services
• Itinerant and Fixed-Shop Retailing
• Large-Scale Retail Formats
• Non-Store Retailing Methods
• Retail Operations and Consumer Services
• Trade Documents and Transactions
• Business Chambers and Trade Support

Cheat sheet

Practice questions

1. Question 1Q-0E0F6E

   A trader who purchases goods in large quantities from manufacturers and sells them in smaller quantities to retailers is known as a:

   1. A.Consumer
   2. B.Wholesaler
   3. C.Hawker
   4. D.Commission agent
   See the answer and solution
2. Question 2Q-E3380C

   Which type of retailer moves from place to place to sell goods directly to consumers without operating a fixed shop?

   1. A.Departmental store
   2. B.Chain store
   3. C.Itinerant retailer
   4. D.Supermarket
   See the answer and solution
3. Question 3Q-E4EF3F

   A business sells standardised products through many branches operating under common ownership, with centralised purchasing and uniform policies. Which form of retail organisation does this describe?

   1. A.Departmental store
   2. B.Chain store
   3. C.Mail-order business
   4. D.Consumer cooperative store
   See the answer and solution
4. Question 4Q-795907

   State any three important services provided by wholesalers to manufacturers and retailers.

   See the answer and solution
5. Question 5Q-3EA1FC

   Which feature is most essential to mail-order retailing?

   1. A.Customers select goods from catalogues or online descriptions and receive them through delivery
   2. B.Customers must inspect and purchase goods at a permanent shop
   3. C.Goods are sold only through travelling salespersons
   4. D.Customers become members and jointly own the retail outlet
   See the answer and solution