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Complete the sentence.The original form of trade was _________. - Organisation of Commerce and Management

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Question

Complete the sentence.
The original form of trade was _________.

Fill in the Blanks
One Word/Term Answer

Solution

The original form of trade was Barter.

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Introduction of Trade
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Chapter 2: Trade - Exercise Q.1 [Page 43]

RELATED QUESTIONS

Select the correct option and rewrite the sentence.
___________ carry goods on their head in baskets or containers.


Select the correct option and rewrite the sentence.
_______ is k now n as self-service store.


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

Give one word/phrase/term:
A person who move daily from place to place to sell goods. 


Give one word/phrase/term:
An order placed by an importer for the supply of certain goods. 


State True or False.
Departmental store located out of the city


Trade establishes a link between producers and ______.


Select the correct option.
Chain stores are retail store owned by _______ organization.


Answer in one sentence
What is meant by supermarket shop?


Answer in one sentence
What is one price shop?


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) Retailer
b) Consumer
c) Producer 
d) Wholesaler


Explain the following term/concept:
Letter Of Credit.


Explain the following term/concept:
Mall.


Distinguish between the following:

Departmental stores and Chain stores.


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


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


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