SS.3 Marketing -Trade, Small/Large scale retail trade.

Trade can be described as

• purchase of goods and services.

• production of goods.

• buying and selling.

• distribution of goods.

A term embracing buying and selling of goods and services is known as

• trade.

• commerce.

• marketing mix.

• marketing concept.

Into which of the following two broad areas can trade be divided?

• imports and exports.

• home and foreign trade.

• home and retail trade. .

• wholesale and retail trade

The act of buying and selling of goods and services within the boundaries of a country is known as

• trade.

• home trade.

• retail trade.

• retailing.

The transfer of goods or services from one person or entity to another, often in exchange for money is

• trade.

• home trade.

• retail trade.

• retailing.

The last link in the chain of distribution of goods and services is

• trade.

• home trade.

• retail trade.

• retailing.

A trader who buys goods in small quantities from the wholesalers and sells in smaller units directly to the final consumers is a

• Retailer.

• Wholesaler.

• Manufacturer.

• Transporter

The following are small scale retail trade, except

• Kiosks

• Hawking

• Mobile shops

• Chain stores

A store which has developed branches offering the same product in different locations is referred to as

• Kiosks

• Hawking

• Mobile shops

• Chain stores

A large self-service grocery stores is a

• Cooperative society..

• Supermarket.

• Department store.

• Chain store