Documents used in Home Trade
ICSE · Class 11 · Commerce
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Quick Quiz: Documents used in Home Trade
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What is trade in home trade?
Which statement best describes home trade?
In home trade, who are the buyers and sellers?
What is an enquiry in home trade?
Sample Questions
When the seller is not local, how is an enquiry usually made?
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Through a letter of enquiry
If the seller is not local, the buyer makes the enquiry through a letter.
How can an enquiry be made when the seller is local?
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By telephone or personal contact
For a local seller, enquiry can be made directly by phone or personal contact.
Which document is written by the seller in reply to enquiry about price and trade facilities?
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Quotation
A quotation is the seller's reply with price, quality, and trade terms.
What is a quotation used for in home trade?
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To reply to the buyer's enquiry
Quotation is sent in answer to an enquiry.
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