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प्रश्न
Explain the following term/concept:
Letter Of Credit.
उत्तर
- A letter of credit is a guarantee issued by the importer's bank that it Will honor the payment of up to a certain amount of export bills to the bank of the exporter.
- It is generally demanded by the exporter country.
- It gives assurance to exporter country about its payment of goods exported.
APPEARS IN
संबंधित प्रश्न
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| A) | Departmental Store | 1) | Carry goods on heads |
| B) | Market traders | 2) | Uniform Price |
| C) | General shops | 3) | Business on market day |
| D) | One price shop | 4) | Most common shop |
| E) | Peddlers | 5) | Huge capital |
| 6) | Distribution through branches | ||
| 7) | Carry goods on carts | ||
| 8) | Sale used articles | ||
| 9) | Specialized goods | ||
| 10) | Auth oriz ed dealers |
Give one word/phrase/term:
A person who move daily from place to place to sell goods.
Super market shops offer home delivery facilities to customer.
State True or False.
Customers cannot bargain in one price shop.
Find the odd one
Complete the sentence.
_______ are retail stores owned by a single organization.
Select the correct option.
Chain stores are retail store owned by _______ organization.
Select the correct option.
The shop where the prices of all th e products or goods are ___________ is k nown as one price shop.
Answer in one sentence
What is a mall?
Arrange in proper order:
a) Retailer
b) Consumer
c) Producer
d) Wholesaler
Arrange in proper order:
a) Import Stage
b) Pre-import Stage
c) Post-import Stage
d) Preliminary Stage
Explain the following term/concept:
One price shop.
Explain the following term/concept:
General store.
Answer in brief.
State any four feature of one price shop.
Justify the following statement:
General stores are generally situated near residential areas.
Justify the following statement:
Departmental store has centralized management system.
Justify the following statement:
Packing plays an important role in selling product in the supermarket.
