Internal Trade

Internal Trade

• buying and selling of goods and services within the geographical limits of a country.

• The payment are made and received in the home country only.

• There are no or very few formalities to be completed by the traders.

• All the the above.

The person who carries on wholesale trade is known as___________.

• Retailer

• Promoter

• Wholesaler

• Trader

If vegetable Oil produced in a factory in any part of the country are to reach millions of consumers throughout the country, the help of _________and________ are required.

• Employee

• Manufacturer

• Retailer

• Wholesaler

Which of the following are not Services provided by Wholesalers (to Retailers and Manufactures).

• Large scale production

• Home delivery

• Risk sharing

• Storage

• Availability of goods

Personal selling is where businesses use people to sell the product after meeting face-to-face with the customer.

• True

• False

Who are wholesalers?

• Buys goods directly from the retailers and sells them to the consumers

• buys goods directly from the producers and sells them to the retailers.

Other names of Internal Trade

• International trade

• Domestic Trade

• Home Trade

• External Trade

How does Wholesalers provide Expert advice to retailers?

Evaluate responses using AI:

OFF

Wholesalers do not provide credit facilities to retailers.

• True

• False

What Services are provided by Wholesalers to Retailers.

• Grant of credit

• Risk Sharing

• Marketing Support

• Wide selection