Commerce 10th Grade -mttest 2nd

What does the term "trade" refer to?

• The act of selling goods without any profit

• The exchange of goods and services for money

• The process of manufacturing goods

• The production of raw materials

Which of the following is an example of international trade?

• A farmer selling produce at a local market

• A teacher offering private tutoring

• A store selling products within the same city

• A company exporting cars to another country

Which type of trade occurs within a country, from one region to another?

• Local trade

• Domestic trade

• International trade

• Online trade

What is the main feature of retail trade?

• Goods are sold directly to consumers in small quantities

• Goods are sold in bulk to other businesses

• Goods are exchanged between two countries

• Services are provided instead of goods

Which of the following is NOT a type of retail trade?

• Supermarkets

• Online stores

• Wholesalers

• Convenience stores

Which of the following is an example of a wholesale trade activity?

• A mall selling clothes to customers

• A farmer selling fresh produce at a local market

• A retailer selling electronics to end users

• A company selling raw materials to a factory

Which of the following best describes the "middleman" in trade?

• A person who manufactures products

• A retailer selling goods directly to consumers

• An intermediary who buys goods from wholesalers and sells to consumers

• A producer of raw materials

Which of the following is a characteristic of a "brick-and-mortar" retail business?

• It sells goods through an online website

• It only sells services and no physical goods

• It operates from a physical location like a store or mall

• It sells goods directly to wholesalers

What is the main advantage of online retail trade?

• It reaches a broader customer base and operates 24/7

• It requires no marketing or advertising

• It only sells products in bulk

• It has fewer competitors

Which of the following is a feature of wholesale trade?

• Selling small quantities of goods to individual consumers

• Selling goods in large quantities to other businesses or retailers

• Providing services to individual customers

• Selling exclusive and luxury items only