Understanding Internal Trade

What does trade refer to?

• Buying and selling of goods and services for earning profit.

• Only selling of goods.

• Only buying of services.

• None of the above.

What is internal trade also known as?

• Home Trade

• International Trade

• Wholesale Trade

• Retail Trade

What currency is used in internal trade?

• National currency

• Foreign currency

• Cryptocurrency

• None of the above

What are the two categories of internal trade?

• Wholesale Trade and Retail Trade

• Domestic Trade and International Trade

• Online Trade and Offline Trade

• None of the above

What does a wholesaler do?

• Sells goods in large quantities

• Sells goods directly to consumers

• Manufactures goods

• None of the above

What is one of the services provided by wholesalers to manufacturers?

• Facilitating large scale production

• Direct selling to consumers

• Advertising

• None of the above

What is the last link in the distribution chain?

• Retail Trade

• Wholesale Trade

• Manufacturing

• None of the above

What is one of the services provided by retailers to consumers?

• Regular availability of products

• Manufacturing goods

• Wholesale selling

• None of the above

What are the types of retail stores based on product mix?

• General stores

• Single line stores

• Departmental stores

• All of the above

What are the main features of hawkers and pedlars?

• They move from street to street

• They sell a variety of goods

• They deal with non-branded items

• All of the above