INTERNAL TRADE

When buying and selling of goods and services is done with the objective of earning profit, it is called as _______.

Trade taking place within the boundaries of a nation is referred to as _________ trade.

The traders who purchase in large quantities and sell in small lots to retailers are called _________.

The __________ act as an important link between producers and final consumers in the distribution of products and services.

Depatmental stores are generally located at a ____________.

All the branches of chain stores are controlled by the ____.

Wholesale trade refers to

• a) Exporting goods and services

• b) Importing goods and services

• c) Buying and selling of goods and services in large quantities

• d) Buying and selling of goods and services in small lots

The type of retail business acts as a supplier of a wide variety of products under one roof:

• a) Departmental store

• b) Chain-store

• c) Mail-order house

• d) Multiple-shop

Buying and selling of goods in small

quantities.

• Wholesalers

• Consumers

• Retailers

• Manufacturers

Chain stores are also called as Multiple Shops

• True

• False