Internal Trade Business Studies - Internal Trade

Under which of the following areas, are departmental stores are not at an advantageous position over smaller forms of retail businesses?

Manufacturers sell goods directly through ______ and thus eliminates unnecessary middlemen in the sale and purchase of goods.

Retailers provide various services to the ultimate customers. One of such services is after sales service. Retailers provide after sale services to consumers in form of:

Retail outlets that sell their merchandise through postal services are known as:

Government levies taxes in order to generate funds to perform its various functions. In the light of this statement, internal trade is liable to:

Name two categories of trade.

Give one example of chain stores.

What type of goods are suitable for Automatic vending machines?

Name any two departmental stores.

Name any two Itinerants.

Manas lived in a small village of Sikkim, where there were no formal education facilities. Therefore he came to Kolkata at his uncle's house, to complete his senior secondary school. After getting senior secondary school certificate, he decided to set up a small retail shop in the city. His uncle was very supportive and allowed Manas to use his vacant shop in a commercial area.
State any three types of shops that he can set up.

Identify and explain the types of retailers highlighted in the following statements:
(a) Rajesh sells only school uniforms from his store.
(b) Sandeep deals in second hand books from his store.
(c) Harish sells ice-cream from one street to another in a one locality.

Ramesh is a trader dealing in low quality stationary items. In order to sell his goods he opens his shop on fixed days in different markets.
(a) How would you classify Ramesh as a type of retailer?
(b) Name the category of the type of retail trade as identified in paic (a).
(c) Briefly explain any two other types of retailers which fall in the same category as identified in part (a).

Knowledge is priceless but the books come with a bill. The Bookshop, dealer of used books is committed to bring to buyers the best of the brilliant from the world of writtin text, at prices which are literally a steal. The Bookshop assures that now the buyer have iv never scan over the price tag again as you pretend to read the preface.
State giving reason the type of retailer and its category under which the Bookshop should be placed.

Identify the main terms used in the internal trade:
(a) The type of transaction in which payment for goods or services is made at the time of delivery.
(b) A contract between the seller and the point of delivery to a carrier are te buyer in which all the expenses up to the
(c) The price of roods which be borme by seller. insurance and freight includes not only the cost of goods but also the (d) The term used in trade charges payable on goods upto destination port. been forgotten sheuld documents to state that mistakes and things that have

Bata stores are networks of retails shops owned and operated by Bata India Ltd. Bata stores operate in different part of country. One can easily identify Bata stores in any market as they have same appearance; even their interior decor is also identical. All the Bata stores are supplied the foot wears from head office. The policies for the stores are decided by the head office. All the store sell goods at uniform prices.
On the basis of the given information about Bata India Ltd., answer the following questions:
(a) State the type of retail store mentioned in above case.
(b) Explain any three advantages of the above retail store

Identify the main documents used in internal trade:
(a) A confirmed purchase order is sent in advance of commercial invoice.
(b) This document contains detailed description of goods quantity, price, total value, term of payment etc.
(c) A document of title issued by the truck operator when goods are sent by the trucks.
(d) A document of title issued by the railway company when goods are sent by trains.

Safe Electronics, an European company manufacturing washing machines wish to expand its product line by launching new products in India namely air conditioners and refrigerators. Out of the list of authorised dealers the company selected a twenty five year old, electronic wholesale firm whose proposals was very competitive. This wholesale firm of washing machines took the services of Rohit Enterprises to sell washing machines at competitive prices in Delhi. Rohit informed wholesale firm that the consumers of Delhi wish to buy vacuum cleaner of same brand. He assured wholesale firm that he will take appropriate steps to implement the company's promotional schemes and offers from time to time.
On the basis of the given information about Safe Electronic, answer the following questions:
(a) Explain two services rendered by Rohit Enterprises to wholesale firm which are highlighted in the above case.
(b) Explain two services rendered by Rohit Enterprises to the consumers.

Identify the main documents used in internal trade:
(a) A confirmed purchase order containing the term and condition on which buyer and seller agree on the product detail and cost.
(b) This document is an evidence of contract between buyer and seller. This document contains detailed description of goods quantity, price, total value, term of payment etc.
(c) A document of title issued by the transporters when goods are sent by roadways.
(d) A document of title issued by the railway authorities when goods are sent by railways.

Star Bazaar ventured into providing an assortment of products made available at the lowest prices, aptly exemplifying its 'Helping you spend less' motto. The store offers customers an eclectic array of products that include staple foods, beverages, health and beauty products, vegetables, fruits, dairy products, consumer electronics and household items at the most affordable prices. Star Bazaar also provides a large range of fashionable in-house garments for men, women and children.
On the basis of the given information about Star Bazaar, answer the following questions:
(a) Identify and explain the type of fixed shop retailing used by Star Bazaar.
(b) Explain two merits and demerits of the fixed shop retailing identified above for Star Bazaar.

Exchange General Stores the distributors of Brigitte Cakes and Biscuits sells cakes and biscuits on cash and credit basis and deals with different traders on different terms and conditions.
North Delhi Merchandise Stores orders cakes and biscuits and preferred to make payment on delivery of the goods to their stores.
South Delhi Merchandise Stores orders cakes and biscuits and preferred to pay higher price inclusive of risk premium and cartage charges.
At the bottom of all the invoices, Exchange General Stores specified a acronym about considering the omissions, if any.
On the basis of the given information about Exchange General Stores, answer the following questions:
(a) Identify and explain the terms of trade used by Exchange General Stores while dealing with different traders.
(b) Identify and explain the acronym specified by Exchange General Stores at the bottom of all the invoices.

After a 17-year roller-coaster ride, the Government of India, following the credo of 'One Nation and One Tax' and wanting a unified market in order to ensure the smooth flow of goods across the country implemented at the stroke of midnight on 1 July, 2017, in response of the Constitution Amendment Bill, a special reform approved by The President of India in a the dignified function much like the one which marked India's Independence.
Addressing a packed Central Hall of Parliament, Prime Minister specified the historic nature of the reform. The government has launched an app to facilitate a smooth transition to the new reform.
On the basis of the given information about reform, answer the following questions:
(a) State the special reform approved by the President of India in a the dignified function much like the one which marked India's Independence.
(b) What is the main aim of this special reform approved by the President of India.
(c) Enlist the key features of the special reform approved by the President of India.

Sonam visited her aunt residing at Mumbai in her summer vacations. She goes with her aunt to a large retail showroom having number of departments under one roof. Each of the department is like a separate shop with centralized purchasing, selling and accounting arrangements. She becomes surprised by the varieties of goods which are being sold in the outlet.
On the basis of the given information about Sonam, answer the following questions:
(a) Identify the type of the fixed shop retailer highlighted above.
(b) Explain any two features of such fixed shop retailer.
(c) Explain any two advantage of such fixed shop retailer.

Your class teacher discussed about few bodies which were formed as an association of business and industrial houses to promote and protect their common interest and goals. Many such bodies where formed and are present in the country. These associations help in many activities concerning interstate movement of goods which includes registration of vehicles, surface transport policies, construction of highways and roads.
Identify the body mentioned above and explain how they assist in:
(a) Transportation or interstate movement of goods.
(b) Octroi and other local levies.
(c) Harmonization of sales tax structure and Value Added Tax.
(d) Marketing of agro products and related issues.

Sonam visited her aunt residing at Mumbai in her summer vacations. She goes with her aunt to a large retail showroom having number of departments under one roof. Each of the department is like a separate shop with centralized purchasing, selling and accounting arrangements. She becomes surprised by the varieties of goods which are being sold in the outlet.
On the basis of the given information about Sonam, answer the following questions:
(a) Identify the type of the fixed shop retailer highlighted above.
(b) Explain any two features of such fixed shop retailer.
(c) Explain any two advantage of such fixed shop retailer.

Your class teacher discussed about few bodies which were formed as an association of business and industrial houses to promote and protect their common interest and goals. Many such bodies where formed and are present in the country. These associations help in many activities concerning interstate movement of goods which includes registration of vehicles, surface transport policies, construction of highways and roads.
Identify the body mentioned above and explain how they assist in:
(a) Transportation or interstate movement of goods.
(b) Octroi and other local levies.
(c) Harmonization of sales tax structure and Value Added Tax.
(d) Marketing of agro products and related issues.