Retail Trade Quiz

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

• a) bilateral trade

• b) counter trade

• c) multilateral trade

• d) entrepot trade

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

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

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

Which of the following is a customer service?

• a) delivery

• b) merchandising

• c) branding

• d) market research

A chain store is also known as a _________________.

• a) department store

• b) multiple shop

• c) supermarket

• d) hyper market

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

Which of the following is used to inform the buyer that goods ordered is on the way?

• a) Quotation

• b) Proforma invoice

• c) Advice notes

• d) Dispatch book

Which of the following is the best channel for the sale of an aircraft?

• a) Producer - Wholesaler - Consumer.

• b) Producer - Retailer - Consumer.

• c) Producer - Consumer.

• d) Producer - Wholesaler - Retailer - Consumer.

Which of the following is a disadvantage of large-scale retailing?

• a) Decline in personal service

• b) Pilfering

• c) High overload cost

• d) One - stop shopping