Class XI Business Studies Chapter 10 - Internal Trade Notes

<p>Time and place utility</p> Signup and view all the answers

<p>Reach a large number of buyers spread across a large geographic area</p> Signup and view all the answers

<p>All of the above</p> Signup and view all the answers

<p>Bearing risk of theft and spoilage</p> Signup and view all the answers

<p>By storing goods until demanded by retailers or consumers</p> Signup and view all the answers

<p>Advance money for bulk orders</p> Signup and view all the answers

<p>Releasing manufacturers from many marketing activities</p> Signup and view all the answers

<p>Providing diverse assortment of goods to retailers</p> Signup and view all the answers

<p>Providing marketing support to retailers</p> Signup and view all the answers

<p>Increased working capital</p> Signup and view all the answers

<p>Understanding of the market for a particular product</p> Signup and view all the answers

<p>Risk of pilferage during inventory management</p> Signup and view all the answers

<p>Time utility</p> Signup and view all the answers

<p>Product grading, packing into smaller lots, storage, transportation, promotion of goods, collection of market information</p> Signup and view all the answers

<p>By making the products available in a location where they are needed and at a time when they are needed for consumption or use</p> Signup and view all the answers

<p>Retailers gain financial assistance and flexibility in managing their inventory and cash flow.</p> Signup and view all the answers

<p>They enable producers to reach a large number of buyers spread across a large geographic area (through retailers) and perform functions such as product grading, packing, storage, transportation, and promotion of goods.</p> Signup and view all the answers

<p>Wholesalers assist in promoting goods and collecting market information, thus supporting manufacturers in marketing functions.</p> Signup and view all the answers

<p>Time and place utility</p> Signup and view all the answers

<p>Risks such as fall in prices, theft, pilferage, spoilage, and fire.</p> Signup and view all the answers

<p>Wholesalers make cash payments, allowing manufacturers to avoid blocking their capital.</p> Signup and view all the answers

<p>Wholesalers release manufacturers from many marketing activities, enabling them to focus on production.</p> Signup and view all the answers

<p>Wholesalers provide a diverse assortment of goods to retailers and handle the work of collecting goods from several producers.</p> Signup and view all the answers

<p>Wholesalers usually provide credit to their frequent customers, enabling retailers to operate with a modest quantity of working cash.</p> Signup and view all the answers

<p>Wholesalers specialize on a single product line and have a good understanding of the market, which is further passed to the retailers.</p> Signup and view all the answers

<p>Wholesalers facilitate production continuity by purchasing goods as and when they are produced and storing them until demanded by retailers or consumers.</p> Signup and view all the answers

<p>Wholesalers provide time utility by storing goods until they are demanded by retailers or consumers.</p> Signup and view all the answers

<p>Wholesalers are responsible for a variety of marketing duties and provide support to retailers, helping them in increasing the demand for various new products.</p> Signup and view all the answers

<p>Wholesalers hold the inventory of goods, collect goods from several producers, and provide marketing support to retailers.</p> Signup and view all the answers