Retail Trade
ICSE · Class 11 · Commerce
Practice quiz for Retail Trade — ICSE Class 11 Commerce. MCQs and questions with answers to test your preparation.
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Quick Quiz: Retail Trade
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What is the meaning of retail trade?
The word retail comes from which French word and what does it mean?
What do retailers usually do with goods bought from wholesalers?
Which statement best describes the position of a retailer in the distribution chain?
Sample Questions
Which author defined retailing as activities involved in selling directly to the ultimate consumer?
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Cundiff and Still
Cundiff and Still gave the definition that retailing involves selling directly to the ultimate consumer.
Which author defined a retailer as a business firm which sells primarily to ultimate consumers?
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Mc Carthy
Mc Carthy defined a retailer as a business firm that sells primarily to ultimate consumers.
Which author defined retailing as activities directly related to the sale of goods or services to the ultimate consumer for personal non-business use?
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F.E. Clark and C.P. Clark
F.E. Clark and C.P. Clark gave this definition of retailing.
Which author gave a definition of retailing identical in wording to F.E. Clark and C.P. Clark?
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William J. Stanton
William J. Stanton gave the same wording as F.E. Clark and C.P. Clark.
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