Markets Around Us - Class 7 - Chapterwise Test series no. 1

It is necessary to go to market to purchase goods.

• True

• False

what refers to buying and selling in large quantities?

• Weekly market

• wholesale market

• Mall

• Cineplex

What is a Market??

• a place where we buy medicines

• a place to popularise products

• a place where goods and services are exchanged for a price

• a place where we buy Cars

Order of Chain of marketing

• Producer-Agents -Retailer- Wholesaler

• Agents- Producer -Wholesaler-Retailer

• Producer-Wholesaler-Retailer-Agents

• Producer-Agents-Wholesaler-Retailer

_______ travel from place to place to sell their goods.

• hawkers

• vendors

• wholesaler

• hawkers or vendors

Fixed shop retailers do not provide credit facilty to its regular customers.

• True

• False

• Cannot say

• Insufficient information

Super markets are _______ in size than department stores.

• Larger

• Shorter

• cheaper

• Costlier

Which type of retail market is considered as shopping-cum-entertainment venues?

• Supermarkets

• Malls

• Online Shopping

• Chain stores

Amar colony for furniture in New Delhi is an example of________.

• Wholesale market

• Franchise outlets

• Speciality stores

• Speciality markets

What is the money consideration which is paid in return to use a brand logo or name in own business with same maintenance and standards?

• Goodwill

• Lease

• Both

• None