Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Internal Trade

Question:

Which of the following is not a Fixed Shop Small Retailers?

Options:

General stores

Speciality shops

Street stall holders

Market traders

Correct Answer:

Market traders

Explanation:

The correct answer is option 4- Market traders.

* Market traders are the small retailers who open their shops at different places on fixed days or dates, such as every Saturday or alternate Saturdays, and so on. These traders may be dealing in one particular line of merchandise, say fabrics or ready-made garments, toys, or crockery, or alternatively, they may be general merchants. They are mainly catering to lower-income group of customers and deal in low-priced consumer items of daily use.

 

OTHER OPTIONS-

General stores- General stores are most commonly found in a local market and residential areas. As the name indicates, these shops carry stock of a variety of products required to satisfy the day-to-day needs of the consumers residing in nearby localities. Such stores remain open for long hours at convenient timings and often provide credit facilities to some of their regular customers.

Speciality shops- This type of retail store is, of late, becoming very popular, particularly in urban areas. Instead of selling a variety of products of different types, these retail stores specialise in the sale of a specific line of products.

Street stall holders- These small vendors are commonly found at street crossings or other places where flow of traffic is heavy. They attract floating customers and deal mainly in goods of cheap variety like hosiery products, toys, cigarettes, soft drinks, etc.