Tag: retail trade

Questions Related to retail trade

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.