Solution of Chapter 10. Internal Trade (NCERT - Business Studies Book)

What is meant by internal trade?

Specify the characteristics of fixed shop retailers.

What purpose is served by wholesalers providing warehousing facilities?

How does market information provided by the wholesalers benefit the manufacturers?

How does the wholesaler help the manufacturer in availing the economies of scale?

Distinguish between single-line stores and specialty stores. Can you identify such stores in your locality?

How would you differentiate between street traders and street shops?

Explain the services offered by wholesalers to manufacturers.

What are the services offered by retailers to wholesalers and consumers?

Itinerant traders have been an integral part of internal trade in India. Analyze the reasons for their survival in spite of competition from large scale retailers.

Discuss the features of a departmental store. How are they different from multiple shops or chain stores.

Why are consumer cooperative stores considered to be less expensive? What are its relative advantages over other large scale retailers?

Imagine life without your local market. What difficulties would a consumer face if there is no retail shop?

Explain the usefulness of mail orders houses. What type of products are generally handled by them? Specify.

Identify various fixed shop retailers in your locality and classify them according to the different types you have studied.

Do you know any retailers selling second-hand goods in your area? Find out the category of the product that they deal in? Which products are suitable for resale? List some of your findings. What conclusions do you draw?

Do you observe any difference in the retail business of yesterday and the times to come? Prepare a brief write-up and discuss it in class.

From your own experience, compare the features of two retail stores selling the same product. For example, the same products being sold at a small scale retailer like a general store and in a big store like a departmental store. What similarities and differences can you identify in terms of price, service, variety, convenience, etc.

The GST has been rolled out by the Government of India on July 01, 2017. Different goods and services are classified under GST rates viz., 0%, 5%, 12%, 18% and 28%. Collect the information on GST from newspapers, media news, Internet and business magazines and classify the given goods and services five GST rates :