Internal Trade — Practice Quiz
Telangana Open School (TOSS) · Class 12 · Business Studies
Try a 4-question quiz on Internal Trade for Telangana Open School (TOSS) Class 12 Business Studies: tap an answer to check it and see why.
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Quick Quiz: Internal Trade
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What is internal trade?
Which of the following is a feature of internal trade?
What is another name for internal trade?
Where is payment made in internal trade?
Sample Questions
Who links producers and consumers in internal trade?
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Middlemen
Middlemen such as wholesalers and retailers act as intermediaries between producers and consumers.
What is the main activity of wholesalers?
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Buying in bulk and selling to retailers
Wholesalers buy goods in large quantities from producers and sell them in smaller quantities to retailers.
Which of the following is a function of wholesalers?
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Grading and packing goods
Wholesalers sort goods by size, quality, and shape, then pack them for resale to retailers.
What service do wholesalers provide to manufacturers?
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Bulk buying and warehousing
Wholesalers relieve manufacturers by buying in bulk and storing goods in their warehouses.
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