OCM 1 Marks Each

Greek engineers and mathematician Alexandria Hero invented vending machine.

Tele marketing is useful for the sale of services of loan, lending, insurance services, credit card service etc.

Light weight, durable and valuable products are convenient to sell through mail order shops.

Large Scale retail shops are departmental stores, chain stores, mail orders shops, franchise. super market and malls.

Business carried out within the boundary between various regions and areas members is called internal trade.

We find uniform business policy, quality of product, layout and decoration of the shop in franchise shops with their parent company.

The trader who sets with essential things of life on foot path and customer from nearby streets or society and pole buy required things from them is called a street hawker.

To obtain a thing from automatic machine, one has to insert currency coin as per instruction written.

Payment of products purchased through Internet is made on-line or cash on delivery.

The manufacturers use e-mail, portal, browser, and website of advertisement.

Payment can his in advance though credit or debit card.

As there is no middle patty between seller and customer, goods can be obtained at reasonable price.

In telephonic marketing first of all customer's appointment is fixed on telephone or mobile

We find modern facilities like restaurant, entertainment etc. in shopping mall.

Super markets purchase in bulk quantity from prestigious companies or manufacturers and sell at reasonable price to customers.

Those who sell on specific occasions, on festivals or during specific seasons are called temporary traders.

The hawkers normally sell newspapers, vegetables, fruits, toys and consumable items.

When change comes in fashion, taste, design or technology the retailer sells product at cost or lower than cost.

The retailer provides after sale service of repairing, taking back damaged goods, or get it changed etc.

Retailer provides the home delivery service which saves the time of his customers.

Retail traders keep products of various manufacturers as per the demand of customers.

The wholesaler guides the retailer regarding the price of the products and its use. He guides regarding to its sale too.

The manufacturer does not store his production because the wholesaler stores it in his go down.

The wholesaler collects information regarding demands, likes, selection, fashion etc. from the retailers and forwards it to the manufacturer.

Due to easy transportation time is saved. Less risk, direct contact between seller and buyer etc., are its benefits.

" Currency of the concerned nation, weight, business laws and business system are the same in internal trade.

Distribution of natural resources is uneven in the nation. So the producers send their products in different area.

Through television marketing system, household products, luxury products, and products of comfort are sold.

Live demonstration of the product is showed in television marketing. Complete information regarding product or service is provided though television marketing.

In the second stage, personal visit is conducted and the customer is informed about proudly and services.

Salesman's salary, and franchise expenses are reduced if business is carried through vending machine.