Internal Trade Quiz

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

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

Which type of trade involves selling products to individual customers?

• Export trade

• Retail trade

• Wholesale trade

• Import trade

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

• Consumer trade

• Retail trade

• Wholesale trade

• Online trade

What are the typical customers of retail trade?

• Large corporations

• Government agencies

• Non-profit organizations

• Individual consumers and households

What are the typical customers of wholesale trade?

• Manufacturers

• Individual consumers

• Service providers

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

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

Which type of trade usually involves lower prices per unit?

• Luxury trade

• Exclusive trade

• Retail trade

• Bulk or wholesale trade

What is the main purpose of retail trade?

• To offer financial services to businesses

• To manufacture goods for industrial use

• To sell goods and services to consumers for their personal use.

• To provide healthcare services to the community

What is the main purpose of wholesale trade?

• To sell goods at a higher price than the manufacturer

• To buy goods in large quantities from manufacturers and sell them to retailers or other businesses

• To only buy goods from retailers

• To provide goods directly to consumers