Cheat sheet · Class 11 · CBSE · Commerce Business Studies
Internal Trade cheat sheet
The whole chapter on one page: key formulas, facts and the points to remember, for quick revision before a test.
CBSE Class 11 · Business Studies
Cheat sheet
Chapter 9Internal Trade
Wholesaler buys big and sells to retailers; retailer sells small to consumers.
1. Wholesale Trade
- Services to manufacturers: large orders, storage, finance, risk-bearing.
- Services to retailers: availability, credit, new products, market info.
2. Retail Trade
| Type | Examples |
|---|---|
| Itinerant | peddlers, hawkers, periodic market traders, street traders, cheap jacks |
| Fixed shop (small) | general stores, speciality shops, second-hand shops |
| Fixed shop (large) | departmental stores, chain stores, mail order, consumer cooperatives, supermarkets |
| Others | vending machines |
3. GST
- One nation, one tax (from 1 July 2017).
- CGST + SGST for intra-state; IGST for inter-state.
- Removes cascading of taxes.
4. Key Points
- Chambers of commerce promote trade.
- Departmental store: many departments under one roof.
- Chain stores: uniform price, central buying.
- Mail order: no middlemen, needs advertising.
Remember: Wholesaler & retailer services | retail types | GST
Internal Trade: questions and notes
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