Tag: types of retail organisation

Questions Related to types of retail organisation

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

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

  1. Retail van

  2. Mobile store

  3. Vending machines

  4. All of the above

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Correct Option: C
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.

Name the store who deals with the sale of a specific line of products?

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

  1. Single line stores

  2. Speciality stores

  3. General stores

  4. Street stall holders

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Correct Option: B

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

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

  1. Market traders

  2. Peddlers and hawkers

  3. Street traders

  4. Cheap jacks

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Correct Option: C
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.

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

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

  1. can feeder

  2. stack columns

  3. feeder trays

  4. all of the above

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Correct Option: D
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.

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

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

  1. Peddlers and hawkers

  2. Market traders

  3. Street traders

  4. All of the above

Show answer
Correct Option: B
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.

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

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

  1. A chain store

  2. Mail order houses

  3. A modern departmental store

  4. Consumer Cooperative Stores

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Correct Option: C
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.

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

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

  1. General stores

  2. Speciality stores

  3. Single line stores

  4. All of the above

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Correct Option: D

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

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

  1. Peddlers and Hawkers

  2. Market traders

  3. Street traders

  4. All of the above

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Correct Option: D

What are the basis on which retailers have been classified?

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

  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

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Correct Option: D

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

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

  1. Secondhand goods shop

  2. Single line stores

  3. Speciality shops

  4. Street small shops

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Correct Option: A