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Internal Trade Quiz

Authored by Monika Arya

Social Studies

11th Grade

Internal Trade Quiz
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is retail trade?

Retail trade is the exchange of goods between businesses

Retail trade refers to the sale of goods or services to consumers for their personal use.

Retail trade refers to the transportation of goods from one place to another

Retail trade involves the production of goods for sale

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is wholesale trade?

Wholesale trade refers to the sale of goods or merchandise to retailers, industrial, commercial, institutional, or other professional business users, or to other wholesalers, and related subordinated services.

Wholesale trade is limited to online sales only

Wholesale trade only involves selling to other wholesalers

Wholesale trade is the sale of goods directly to consumers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of trade involves selling products to individual customers?

Export trade

Retail trade

Wholesale trade

Import trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of trade involves selling products in bulk to businesses?

Consumer trade

Retail trade

Wholesale trade

Online trade

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the typical customers of retail trade?

Large corporations

Government agencies

Non-profit organizations

Individual consumers and households

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the typical customers of wholesale trade?

Manufacturers

Individual consumers

Service providers

Retailers, resellers, and other businesses that need bulk quantities of products.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of trade usually involves higher prices per unit?

Luxury or premium goods

Generic or low-quality goods

Bulk or wholesale goods

Second-hand or used goods

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