18 Questions
What is the main characteristic of Itinerant Retailers?
They move from place to place to sell goods
What distinguishes Fixed Shop Retailers from Itinerant Retailers?
They operate in a fixed location
What is a common feature of Speciality Shops?
Limited range of goods
Which type of retail trade involves selling second-hand goods?
Street Traders
Which characteristic is typical of Supermarket Stores?
Uniform and low prices
When does 'International Trade' occur?
When trade activities are conducted between two or more countries
What is the basic link established by trade?
Link between producers and consumers
Which type of trade involves purchasing goods within the same country?
Internal Trade
What is the main characteristic of wholesale trade?
Goods are purchased and sold in bulk
What is an example of external trade?
Export
Which type of trade involves the sale of goods to the final consumers?
Retail Trade
What is the role of a retailer in the trading process?
Sells goods to final consumers in small quantities
Which type of trade involves purchasing goods from another country?
Import Trade
In which type of trade are goods and services sold to foreign buyers?
Export Trade
Where are producers usually situated in internal trade?
At one place
What is the key characteristic of foreign trade?
Involves trade between different countries
Which type of retailer moves around selling goods to consumers at different locations?
Hawkers
What is an important aspect in internal trade due to the gap between production and consumption?
Channel of distribution
Test your knowledge on different types of trade including internal trade, external trade, wholesale trade, retail trade, and various categories of retailers like itinerant retailers, hawkers, peddlers, street traders, general stores, departmental stores, and more.
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