This a MCQ (Multiple Choice Question) based practice test of Chapter 9 - Internal Trade of Business Studies of Class XI (11) for the quick revision/preparation of School Board examinations
Q ____________ sell their goods in periodical markets such as weekly or monthly
______________ is an advantage of Mall.
A mall is a large retail complex containing a variety of stores and often restaurants and other business establishments housed in a series of connected or adjacent buildings or in a single large building.
Certainly, when in such a huge structure and there are so many sellers it will attract large number of customers and provide wide choice to customers and convenience in shopping.
Which of the following is a limitation of Vending Machine
There are disadvantages of using the vending machine for both the owner and the customers. One of the shortfalls is that this technology gives no provision for bargaining and therefore fixed prices apply and this may be unfriendly both to the customer and the owner.
Fraud cases are also common in this kind of business by customers who formulate means of hacking into the system of the machine to dispense products.
Vandalism of the machine by unruly groups or jealous competitors and heavy taxation levied on the sites of location may be a discouragement for this capital intensive investment. There may be huge losses to the investor who faces cases of destruction of the machine or faulty programming like a continuous dispensing of product due to technical errors.
It is therefore important to be conversant with all the characteristics of the vending machine technology for business.
Commission has been charged by company from
Commission: A commission is also an order for someone to do something and get paid: The artist received a commission for a new painting to hang in the building lobby. And a commission is a high-ranking position in the armed forces, or a special committee that controls or investigates something.
___________ is a large retailing business unit, which sell a wide variety of consumer goods under one roof.
Which of the following is not a feature of Indian Malls?
The main disadvantage of chain stores is ____________
Multiples or chain stores deal only in standard and selected goods. These shops Do not maintain variety. As all the shops are controlled from the central office, these shops cannot adjust to local conditions.
Eg. What you’ll get at a Burger King in Jaipur, you’ll get
Exact same thing in New Delhi.
__________ deal in different types of goods which are needed by local residents in their day-to-day life.
The supply chain concept originated in what discipline?
____________ Provides the facility of 24x7 shopping at all major locations
A vending machine is an automated machine that provides items such as snacks, beverages, cigarettes and lottery tickets to consumers after money, a credit card, or specially designed card is inserted into the machine.The first modern vending machines were developed in England in the early 1880s and dispensed postcards. 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.