Podcast
Questions and Answers
What is the main characteristic of Itinerant Retailers?
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?
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?
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?
Which type of retail trade involves selling second-hand goods?
Which characteristic is typical of Supermarket Stores?
Which characteristic is typical of Supermarket Stores?
When does 'International Trade' occur?
When does 'International Trade' occur?
What is the basic link established by trade?
What is the basic link established by trade?
Which type of trade involves purchasing goods within the same country?
Which type of trade involves purchasing goods within the same country?
What is the main characteristic of wholesale trade?
What is the main characteristic of wholesale trade?
What is an example of external trade?
What is an example of external trade?
Which type of trade involves the sale of goods to the final consumers?
Which type of trade involves the sale of goods to the final consumers?
What is the role of a retailer in the trading process?
What is the role of a retailer in the trading process?
Which type of trade involves purchasing goods from another country?
Which type of trade involves purchasing goods from another country?
In which type of trade are goods and services sold to foreign buyers?
In which type of trade are goods and services sold to foreign buyers?
Where are producers usually situated in internal trade?
Where are producers usually situated in internal trade?
What is the key characteristic of foreign trade?
What is the key characteristic of foreign trade?
Which type of retailer moves around selling goods to consumers at different locations?
Which type of retailer moves around selling goods to consumers at different locations?
What is an important aspect in internal trade due to the gap between production and consumption?
What is an important aspect in internal trade due to the gap between production and consumption?
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