Tag: types of retail organisation

Questions Related to types of retail organisation

How the capital of a cooperative store is raised?

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. Through issue of shares.

  2. By inviting subscriptions from the members

  3. By raising funds from the general public.

  4. All of these

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Correct Option: A
Explanation:

Directly from members. member contributions with no individual ownership attached, such as service fees. Member share capital represents individual member commitment to the cooperative form of business. It also identifies the individual member's financial stake.

The success of mail order business depends heavily on the availability of __________ at a place.

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. efficient postal services

  2. credit facilities

  3. after sale services

  4. none of the above

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Correct Option: A
Explanation:
It means postal services can deliver more efficiently to their customers, helping to unlock new opportunities and fuel economic growth.

What are the minimum number of members required to form Consumer Cooperative Store?

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. 5

  2. 10

  3. 15

  4. 20

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Correct Option: B
Explanation:

A consumer cooperative store is an organisation owned, managed and controlled by consumers themselves. The objective of such stores is to reduce the number of middlemen who increase the cost of produce, and thereby provide service to the members.

To start a consumer cooperative store, at least 10 people have to come together and form a voluntary association and get it registered under the Cooperative Societies Act.

What are the disadvantages that acts as a hindrance while trading through mail order houses?

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. Delayed delivery

  2. No credit facilities

  3. Lack of personal contract

  4. All of these

Show answer
Correct Option: D
Explanation:

The definition of a mail-order house is a company that sells or manages mail-order advertising or a mail-order business. A company that creates letters to send out to customers encouraging them to buy something via the mail is an example of a mail-order house.

What are the main advantages of Consumer cooperative stores?

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. Democratic management

  2. Ease of information

  3. Limited liability

  4. All of the above

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Correct Option: D
Explanation:

cooperative store. Word Origin. noun. a retail store owned and managed by consumer-customers who supply the capital and share in the profits by patronage dividends. a store operated by a farmers' cooperative organization or by a cooperative chain.

Which of the following is a characteristic of a mail order house?

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. Huge capital requirement

  2. Elimination of middle man

  3. Presence of bad debt

  4. None of the above

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Correct Option: B
Explanation:

The term "middleman" describes an intermediary between a producer and an end customer. In a typical distribution channel, the middleman is the wholesaler or the retailer. Manufacturers would eliminate the middleman by selling products directly to retail stores or consumers.

The accounts of cooperative stores are audited for ____________.

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. registrar of companies

  2. manager of the store

  3. registrar of cooperative societies

  4. none of the above

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Correct Option: C
Explanation:

A co-operative society is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.

Where do cooperative stores purchase their goods?

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. Directly from Wholesalers.

  2. From retailers.

  3. From manufacturers

  4. Both A and C

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Correct Option: D
Explanation:

A consumers' cooperative is one in which individuals combine their buying power, usually for the purchase and wholesale or retail distribution of agricultural or otherproducts. Cost savings are achieved by buying directly from the producer or farmer.

Which of the following is not a fixed shop large retailer?

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. General stores

  2. Chain Stores or Multiple Shops

  3. Departmental stores

  4. None of the above

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Correct Option: A
Explanation:

A general merchant store (also known as general merchandise store, general dealer or village shop) is a rural or small town store that carries a general line of merchandise.

General goods are basic items, usually needed for everyday survival, including basic drinks, food, and some basic profession or trade skill tools. Vendors for these items can be found in just about every major city or village.

Each retail shop in case of chain stores is under the direct control of the ____________.

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. head office

  2. branch manager

  3. inspectors

  4. none of the above

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Correct Option: B