Internal Trade · Class 11 · CBSE · Commerce Business Studies
A business sells standardised products through many branches operating under common ownership, with centralised purchasing and uniform policies. Whic…
Practice question from Internal Trade (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
hard · MCQ · Q-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?
- A.Departmental store
- B.Chain storeCorrect answer
- C.Mail-order business
- D.Consumer cooperative store
Solution
Chain stores consist of multiple retail outlets operating under common ownership and centralised management. They generally sell standardised goods and benefit from centralised purchasing.
More from Internal Trade
- A trader who purchases goods in large quantities from manufacturers and sells them in smaller quantities to retailers is known as a:
- Which type of retailer moves from place to place to sell goods directly to consumers without operating a fixed shop?
- State any three important services provided by wholesalers to manufacturers and retailers.
- Which feature is most essential to mail-order retailing?
Practise more Business Studies
Sign up free for adaptive practice on this chapter, with instant feedback and hints on every question.
Start practising freeFree to start · No credit card needed