Tag: retailing

Quizzes (2) Questions (15)

Questions Related to retailing

Multiple choice business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

_______ can be useful for selling pre-packed brands of low priced products which have high turnover and which are uniform in size and weight.

  1. Retail van

  2. Mobile store

  3. Vending machines

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A vending machine is an automated machine that provides items to consumers after money, specially designed card is inserted into the machine.The first modern vending machines were developed in England in the early 1880s and dispensed. Vending machines exist in many countries, and in more recent times, specialized vending machines that provide less common products compared to traditional vending machine items have been created and provided to consumers.

Multiple choice business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

________ are the small retailers who are commonly found at places where huge floating population gathers, for example, near railway stations and bus stands.

  1. Market traders

  2. Peddlers and hawkers

  3. Street traders

  4. Cheap jacks
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Street trading is defined as the selling or offering for sale of any article in thestreet. Traders who use the public highway to sell goods or services must have astreet trading licence to carry out trade from a designated site/pitch and display of goods in front of a shop.

Multiple choice business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

The vending machine incorporates ______ which are placed inside the machine in order to store and dispense products. 

  1. can feeder

  2. stack columns

  3. feeder trays

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The initial outlay is not too high and you can get a machine for Rupees 150 to rupees 450, meaning if you do not have a lot of cash to invest at the beginning, you can still break into the vending machine business by choosing bulk candy vending machines. The products inside these machines offer very good profit margins.

Multiple choice business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

______ may be dealing in one particular line of merchandise, say fabrics or ready-made garments, toys, or crockery.

  1. Peddlers and hawkers

  2. Market traders

  3. Street traders

  4. All of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

An investor who makes many trades throughout a trading day, buying and selling securities in order to profit from short-term changes in prices. However, traders provide a great deal of liquidity to the market. See also: Registered Competitive Trader.

Multiple choice business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

________ may provide all facilities such as restaurant, travel and information bureau, telephone booth, restrooms, etc. 

  1. A chain store

  2. Mail order houses

  3. A modern departmental store

  4. Consumer Cooperative Stores
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Meaning of Departmental Store A departmental store is a large retail trading organization.

 It has several departments, which are classified and organized accordingly. Departments are made as per different types of goods to be sold.

Multiple choice business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

Name the stores which comes under the category of fixed shop small retailers.

  1. General stores

  2. Speciality stores

  3. Single line stores

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

General stores, speciality stores, and single-line stores are all examples of small, fixed-shop retailers that operate from a permanent location.

Multiple choice business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

Name the most common type of itinerant retailers operating in India?

  1. Peddlers and Hawkers

  2. Market traders

  3. Street traders

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Itinerant retailers are those without a fixed place of business. Peddlers, hawkers, market traders, and street traders all fall under this category in the Indian retail context.

Multiple choice business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

What are the basis on which retailers have been classified?

  1. On the basis of size of business

  2. On the basis of ownership

  3. On the basis of merchandise

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Retailers are classified based on various criteria, including the size of their operations, the type of ownership, and the merchandise they sell.

Multiple choice business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

Name the shop which sells rare objects of historical value and antique items at heavy prices.

  1. Secondhand goods shop

  2. Single line stores

  3. Speciality shops

  4. Street small shops
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Secondhand goods shops often deal in used items, including antiques and rare historical objects, which are sold at varying prices.