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26 questions
Internal Trade
buying and selling of goods and services within the geographical limits of a country.
The payment are made and received in the home country only.
There are no or very few formalities to be completed by the traders.
All the the above.
The person who carries on wholesale trade is known as___________.
Retailer
Promoter
Wholesaler
Trader
If vegetable Oil produced in a factory in any part of the country are to reach millions of consumers throughout the country, the help of _________and________ are required.
Employee
Manufacturer
Retailer
Wholesaler
Which of the following are not Services provided by Wholesalers (to Retailers and Manufactures).
Large scale production
Home delivery
Risk sharing
Storage
Availability of goods
Personal selling is where businesses use people to sell the product after meeting face-to-face with the customer.
True
False
Who are wholesalers?
Buys goods directly from the retailers and sells them to the consumers
buys goods directly from the producers and sells them to the retailers.
Other names of Internal Trade
International trade
Domestic Trade
Home Trade
External Trade
Wholesalers do not provide credit facilities to retailers.
True
False
What Services are provided by Wholesalers to Retailers.
Grant of credit
Risk Sharing
Marketing Support
Wide selection
A distribution channel can be defined as the activities and processes required to move a product from the producer to the consumer.
True
False
These middlemen facilitate the distribution process through their money and transportation.
True
False
An agent actually gains ownership of the product and usually makes money from commissions and fees paid for their services.
True
False
Wholesalers are also independent entities who actually purchase goods from a producer in bulk and store them in warehouses then goods are resold in smaller amounts at a profit.
True
False
A distributor carries products from a single brand or company.
true
false
Retailers perform set of activities that add value to the product.
True
False
Retailers handle a small number of items and varieties
true
falsw
Big Bazaar and Spencers are big chain of retailers.
True
False
Functions of wholesalers are
Buying and selling
Storing and grading
Packing and assembling
All of the above
Retailing consists of the sale, and all activities directly related to the sale of goods or services to the ultimate consumer, for personal, _____________________use.
business
non-business
both
none
Along with Producer based factors, few more factors that affect the selection of channel of distribution are:
Product based
Market based
Middlemen based
All of above
Which of the following is NOT considered a type of reseller?
wholesaler
retailer
manufacturer
distributor
Which of the following is NOT included in product decisions?
Styling
Brand name
Warehousing
Packaging
Which of the following takes place at retailer’s end?
Promotion
Placing
Pricing
Exchange
Which of the following 4Ps of marketing mix involves decisions regarding channels coverage, assortments, locations, inventories or transports?
Product
Price
Place
Promotion
. At least how many parties should be included in “Exchange”?
Two
Three
Four
Five
‘Breaking the bulk’ is function of
Wholesale
Retailer
both
none
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