Types of Trade Quiz
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Questions and Answers

What is the main characteristic of Itinerant Retailers?

  • They conduct trade activities between countries
  • They move from place to place to sell goods (correct)
  • They have a wide variety of goods
  • They operate in fixed locations

    • What distinguishes Fixed Shop Retailers from Itinerant Retailers?

  • They specialize in specific goods
  • They sell goods at low and uniform prices
  • They operate in a fixed location (correct)
  • They offer attractive packing

    • What is a common feature of Speciality Shops?

  • Attractive packing
  • Wide variety of goods
  • Self service shopping convenience
  • Limited range of goods (correct)

    • Which type of retail trade involves selling second-hand goods?

    <p>Street Traders</p> Signup and view all the answers

    Which characteristic is typical of Supermarket Stores?

    <p>Uniform and low prices</p> Signup and view all the answers

    When does 'International Trade' occur?

    <p>When trade activities are conducted between two or more countries</p> Signup and view all the answers

    What is the basic link established by trade?

    <p>Link between producers and consumers</p> Signup and view all the answers

    Which type of trade involves purchasing goods within the same country?

    <p>Internal Trade</p> Signup and view all the answers

    What is the main characteristic of wholesale trade?

    <p>Goods are purchased and sold in bulk</p> Signup and view all the answers

    What is an example of external trade?

    <p>Export</p> Signup and view all the answers

    Which type of trade involves the sale of goods to the final consumers?

    <p>Retail Trade</p> Signup and view all the answers

    What is the role of a retailer in the trading process?

    <p>Sells goods to final consumers in small quantities</p> Signup and view all the answers

    Which type of trade involves purchasing goods from another country?

    <p>Import Trade</p> Signup and view all the answers

    In which type of trade are goods and services sold to foreign buyers?

    <p>Export Trade</p> Signup and view all the answers

    Where are producers usually situated in internal trade?

    <p>At one place</p> Signup and view all the answers

    What is the key characteristic of foreign trade?

    <p>Involves trade between different countries</p> Signup and view all the answers

    Which type of retailer moves around selling goods to consumers at different locations?

    <p>Hawkers</p> Signup and view all the answers

    What is an important aspect in internal trade due to the gap between production and consumption?

    <p>Channel of distribution</p> Signup and view all the answers

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