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Retail Trade Quiz

Authored by Arinze Uche

Specialty

10th Grade

Used 1+ times

Retail Trade Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In international trade, the direct exchange of goods is _________________.

a) bilateral trade

b) counter trade

c) multilateral trade

d) entrepot trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A retail outlet meant to sell only a particular manufacturer's product is known as _________________.

a) a co-operative shop

b) chain store

c) department store

d) tied shop

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An unfavorable balance of trade for a country means that her _________________.

a) Export exceeds imports

b) Visible imports exceed visible exports

c) Invisible exports exceed visible imports

d) Imports and exports are equal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Department stores usually _________________.

a) offer a wide variety of goods

b) specializes in selling only household goods

c) offer a few lines of goods

d) sell on cash on delivery basis

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a customer service?

a) delivery

b) merchandising

c) branding

d) market research

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A chain store is also known as a _________________.

a) department store

b) multiple shop

c) supermarket

d) hyper market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The refund made on goods re-exported after being imported is known as _________________.

a) import duty

b) export duty

c) custom duty

d) excise duty

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