HOME TRADE

Bilateral trade is

• Trade within our boundaries

• Trade among many countries

• International trade

• Trade between people of two countries

Which one is not a small scale retailer

• Tied shop

• unit shop

• chain store

• market stalls

which of the following small scale retailers don't have shops

• canteen

• open air market

• peddlers

• roadside sellers

• mobile shops

which one is not a charcteristic of the itinerant trader

• they are persuasive

• they move from one place to the other loking for customers

• their merchandise have fixed prices

• they are found mainly in towns and urban areas

which one is not true

• small scale retailers require small capital to start and run

• risk involved in small scale business is small

• small SCALE RETAILERS SERVE A SMALL MARKET

• IT IS HARD FOR SMALL SCALE RETAILERS TO GET BUSINESS PERMITS

Pick the odd one out

• receipt

• pro-forma invoice

• debit card

• Local purchase order

A document that originates from the creditor and signed by the debtor as acknowledgement of a debt that he/she will be paying at a stated date

A document that request a credit buyer to pay for goods ordered before they are delivered

Pick three documents that may respond to a letter of inquiry

• quotation

• price list

• pro-forma invoice

• receipt

• packing note

A cheque may be dishonored for all these reason except

• when the account holder does not have sufficient fund in the account

• when the payee does not have an account with the bank

• when the bank learns of the death of the account holder before he/she wrote the cheque

• if the cheque is dirty

• if the cheque has stayed more than six months before being cashed in