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Answer in one sentenceWhat is one price shop? - Organisation of Commerce and Management

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Question

Answer in one sentence
What is one price shop?

One Line Answer

Solution

One price shops are shops where all articles are sold at one standard and fixed price. 

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Introduction of Trade
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Chapter 2: Trade - Exercise Q.1 [Page 44]

RELATED QUESTIONS

Select the correct option and rewrite the sentence.
_________ open their shops on market days i.e. on fixed days.


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

Match the pairs.

Group ‘A’ Group ‘B’
A) Import Trade 1) First step in Import
B) Registration 2) Goods not for own country
C) Entrepot trade 3) Buying goods from other country
D) Letter of Credit 4) No restrictions
    5) Selling goods to other country
    6) Credit worthiness of importer.
    7) Recovery of dues

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.
Who is known as hawkers?


Answer in one sentence
What do you mean by chain store?


Answer in one sentence
What is a mall?


Correct the underlined word and rewrite the following sentence:
The price charged in departmental stores is comparatively less.


Arrange in proper order:
a) International Market
b) Local Market
c) National Market
d) State Market


Explain the following term/concept:
Letter Of Credit.


Explain the following term/concept:
Departmental Store.


Explain the following term/concept:
General store.


Answer in brief.
State any four feature of one price shop.


Justify the following statement:
Authorized dealer do not have other product of other manufacturers.


Justify the following statement:
Packing plays an important role in selling product in the supermarket.


Justify the following statement:
Chain store sell a limited range of goods.


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