BYJU'S LOGO

(https://byjus.com/)

Classes
COMPETITIVE EXAMS
BUY A COURSE (https://shop.byjus.com/)
+919243500460
(tel:919243500460)

Commerce (https://byjus.com/commerce/) Class 11 Commerce (https://byjus.com/commerce/class-11-commerce/)


Class 12 Commerce (https://byjus.com/commerce/class-12-commerce/)

Commerce Free Resources (https://byjus.com/commerce/commerce-free-resources/)

Commerce Important Questions (https://byjus.com/commerce/important-questions/)

Commerce Free Study Materials (https://byjus.com/commerce/free-study-materials/) Commerce Updates 2019

TS Grewal Solutions (https://byjus.com/commerce/ts-grewal-solutions/) DK Goel Solutions (https://byjus.com/commerce/dk-goel-solutions/)

Commerce MCQs (https://byjus.com/commerce/commerce-mcqs/)

T.R. Jain and V.K. Ohri Solutions (https://byjus.com/commerce/tr-jain-and-vk-ohri-statistics-for-economics-solutions-for-class-11/)

Sandeep Garg Solutions

Commerce (https://byjus.com/commerce/) >  Commerce Important Questions

Type your search
(https://byjus.com/commerce/important-questions/) >  Class 11 Business Studies
(https://byjus.com/commerce/important-questions-class-11-business-studies/) >  Chapter
10 Internal Trade (https://byjus.com/commerce/important-questions-class-11-business-
studies-chapter-10/)

Top Banner Register For Free

(https://students.byjus.com/oauth/authorize? (https://students.byjus.com/oauth/authorize?
redirect_uri=https%3A%2F%2Flearn.byjus.com%2Fcallback%3Freferrer%3Dmx_Source_of_Lead%253DByjusWeb%2526mx_Campaign_Type%253D_UTM_CAMPAIGN_TYPE_%2526Sou
redirect_uri=https%3A%2F%2Flearn.byjus.com%2Fcallback%3Freferrer%3Dmx_

Important Questions for Class 11 Business

Studies Chapter 10 Internal Trade
Ask A Doubt
Important Questions with Answers for CBSE Class 11 Business Studies
(https://byjus.com/commerce/class-11-business-studies-syllabus/) Chapter 10 Internal (https://students.byjus.com/oauth/authorize?
Trade which is outlined by expert Business Studies teachers from the latest version of redirect_uri=https%3A%2F%2Flearn.byjus.com%2Fcallback%3Freferrer%3Dmx_
CBSE (NCERT) books

CBSE Class 11 Business Studies Chapter – 10 Important

Questions Join BYJU'S Commerce
QUESTION 1 Learning Program
Mention two advantages of a supermarket. Name
Answer: The two advantages of a supermarket are.

• They have huge varieties of products to choose from with different colours and Mobile Number
design.
• Sales are done with an exchange of cash which is not a bad debt.
City / Town
QUESTION 2

Note down two categories of trade. Email Address

Answer: The two categories of trade are.

• Wholesale trade Submit

• Retail trade

Also Check: Important Questions for International Business

(https://byjus.com/commerce/important-questions-class-11-business-studies-chapter-
11/)

QUESTION 3
(https://byjus.com/#)
What do you mean by internal trade?
 Answer: Internal refers to the sale and purchase of goods and services within a boundary
of a nation.

QUESTION 4

Define shops that deal with a specific line product.

Answer: Specific line product shops refer to the shops that sell only one specific and not
different type of items. These types of shop are located in the main market where a large
number of customers can be attracted.

QUESTION 5

 State two examples of chain stores

Answer: The two examples of chain stores are Body shop and Walmart.

QUESTION 7

Give two features of the supermarket.

Answer: The two features of the supermarket are

• Have different types and various products, food item, and grocery
• All the products are available under one roof.

QUESTION 8

Give two merits of the supermarket.

Answer: The two merits of the supermarket are

• Sales are done with an exchange of cash which is not a bad debt
• Large scale buying and selling, resulting in less operation cost

QUESTION 9

Give two limitations to the supermarket.

Answer: The two limitations of the supermarket are

• Customers do not have pay on credit option

• Supermarkets follow self-service, so customers might not get personal attention

QUESTION 10

State the characteristics of fixed shop retailers.

Answer: The two features of fixed shop retailers are

• Fixed shop retailers have wide resources and operate in large scale
• Manages different products, including both durable and nondurable
• Build trust with the customers

QUESTION 11

Define different types of fixed shop small retailers.

Answer: Different types of fixed shop small retailers are

• General Stores- They sell different types of products to satisfy customers day-to-
day requirements. They open for a longer time and attract nearby customers and
sometimes offer credit options too.
• Speciality Shop- They are specialized in selling only one special item instead of
varieties of products.
• Street Shop- They mostly attract floating customers and the products they sell are
usually cheaper. They supply products from the local market or wholesaler.
• Second-hand Shop- These shops sell second hand or used products, clothes, and
furniture, etc. They sell their products at cheaper rates and are located mostly on the
busy streets. Shops selling second-hand cars or two-vehicles have a reasonable
infrastructure.

QUESTION 12

What is the difference between wholesaler and retailer?

Answer: Wholesale- A wholesale is selling of goods in bulk to the retailers and businesses
at cheaper rates. The wholesaler buys the products in bulk, breaks it into small parts,
repacked, and sells it to the retailers. The wholesaler sells only specific items and is least
interested in the location of the shop, packaging, and display of the goods. They are more
interested in the quantity not the quality of a product.

For wholesale business, considerable investment is required, and not the promotion and
advertisement. The customers of the wholesale are spread in various cities, town, and
different states. Most of the purchases are sold through credit to the customers.

Retail- When buyers buy a product and sell it to the final customers for their consumption,
(https://byjus.com/#)
and not for any resale, this is known as Retail. The retailers are the mediator between
wholesaler and customers. They purchase goods from the wholesaler and sell them to the
 ultimate customers in small quantity. The profit margin in the retail business is high as the
retailer buy-in cheaper rates and sell it to the customers at a higher price. The final price in
which the retailers sell the product includes expenses such as rent, electricity, salaries of
workers, etc.

Also Read: Difference Between Wholesale and Retail

(https://byjus.com/commerce/difference-between-wholesale-and-retail/)

Stay tuned to BYJU’S for more CBSE Class 11 Business Studies Important Questions,
question papers, sample papers, syllabus, and Commerce notifications.

Important Topics in Business Studies:


• Types of Entrepreneurship (https://byjus.com/commerce/what-is-
entrepreneurship/)

• What is Marketing Mix (https://byjus.com/commerce/marketing-mix/)
• Marketing vs Branding (https://byjus.com/commerce/marketing-vs-
branding/)
• Importance of Consumer Protection
(https://byjus.com/commerce/consumer-protection-study-materials/)
• What is Stock Exchange? (https://byjus.com/commerce/what-is-stock-
exchange/)

COMMERCE Related Links

Economics Project for 12th Commerce Balance Sheet Format

(https://byjus.com/commerce/class-12- (https://byjus.com/commerce/balance-
economics-projects/) sheet/)

Scope of Financial Management Pdf Objectives of Data Classification

(https://byjus.com/commerce/scope-of- (https://byjus.com/commerce/meaning-
financial-management/) and-objectives-of-classification-of-data/)

Types of Partnership Deed Small Business Partnership Agreement

(https://byjus.com/commerce/partnership- (https://byjus.com/commerce/what-is-a-
deed/) partnership-agreement/)

List of Non Current Assets

Commerce Subjects
(https://byjus.com/commerce/what-are-
(https://byjus.com/commerce/)
non-current-assets/)

Cardinal and Ordinal Utility

Examples of Current Assets
(https://byjus.com/commerce/difference-
(https://byjus.com/commerce/what-are-
between-cardinal-and-ordinal-utility-
current-assets/)
study-material/)

Leave a Comment
Your email address will not be published. Required fields are marked *

Comment

Please don't use any HTML or external links in the comment box.

Name *

Email *

POST COMMENT

(https://byjus.com/#)
 EXAM
COURSES EXAMS C O M PA N Y Fr e e Te x t b o o k State Boards
P R E PA R AT I O N
Solutions
CBSE CAT Exam Free CAT Prep About Us (https://byjus.com/textbook- Maharashtra
(https://byjus.com/cbse/)
(https://byjus.com/cat/exam- (https://byjus.com/about- solutions/)
(https://byjus.com/free- (https://byjus.com/msbshse/)
info/) cat-prep/) us/)
ICSE NCERT Solutions Gujarat
(https://byjus.com/icse/)
IAS Exam Free IAS Prep Contact Us (https://byjus.com/ncert- (https://byjus.com/gseb/)
 (https://byjus.com/ias-(https://byjus.com/free-
(https://byjus.com/contact- solutions/)
CAT exam/) ias-prep/) us/) Tamil Nadu
 (https://byjus.com/cat/) (https://byjus.com/tn-
NCERT Exemplar
UPSC Syllabus Maths Student Feedback (https://byjus.com/ncert- board/)
IAS (https://byjus.com/ias/upsc- (https://byjus.com/reviews/)exemplar/)
(https://byjus.com/maths/)
(https://byjus.com/ias/)
syllabus/) Karnataka
Physics Investors NCERT Solutions for Class 6 (https://byjus.com/kseeb/)
JEE UPSC 2020 (https://byjus.com/our-
(https://byjus.com/physics/) (https://byjus.com/ncert-
(https://byjus.com/jee/)
(https://byjus.com/free- investors/) solutions-class-6/) Kerala
ias-prep/upsc-2020/) Chemistry (https://byjus.com/kbpe/)
NEET Careers
(https://byjus.com/chemistry/) NCERT Solutions for Class 7
(https://byjus.com/neet/)
Government Exams (https://byjus.com/careers- (https://byjus.com/ncert- Andhra Pradesh
(https://byjus.com/govt-
Biology at-byjus/) solutions-class-7/) (https://byjus.com/ap-
Commerce exams/) (https://byjus.com/biology/) board/)
(https://byjus.com/commerce/) BYJU'S in Media NCERT Solutions for Class 8
JEE Main (https://byjus.com/press/) (https://byjus.com/ncert- Telangana
Bank Exam (https://byjus.com/jee- solutions-class-8/) (https://byjus.com/telangana-
(https://byjus.com/bank-
main/) Students Stories - The board/)
exam/) Learning Tree NCERT Solutions for Class 9
(https://byjus.com/the- (https://byjus.com/ncert- Uttar Pradesh
NCERT RESOURCES learning-tree/) solutions-class-9/) (https://byjus.com/upmsp/)
(https://byjus.com/ncert/)
Life at BYJU'S NCERT Solutions for Class 10 Bihar
Blog
(https://byjus.com/life- (https://byjus.com/ncert- (https://byjus.com/bihar-
(https://blog.byjus.com/)
at-byjus/) solutions-class-10/) board/)
Videos
NCERT Solutions for Class 10 Rajasthan
(https://byjus.com/videos/)
FOLLOW US Maths (https://byjus.com/ncert- (https://byjus.com/rajasthan-
solutions-class-10-maths/) board/)
CBSE Sample Papers
(https://byjus.com/cbse-
NCERT Solutions for Class 11 Madhya Pradesh
sample-papers/)
(https://byjus.com/ncert-
(https://www.facebook.com/byjuslearningapp/) (https://byjus.com/mp-
solutions-class-11/) board/)
CBSE Question Papers
(https://byjus.com/cbse-
study-material/cbse- NCERT Solutions for Class 12
question-papers/) (https://twitter.com/byjus) (https://byjus.com/ncert-
solutions-class-12/)

RD Sharma Solutions
(https://in.linkedin.com/company/byjus)
(https://byjus.com/rd-sharma-
solutions/)

RS Aggarwal Solutions
(https://byjus.com/rs-aggarwal-
maths-solutions/)

ICSE Selina Solutions

(https://byjus.com/icse/selina-
solutions/)

© 2020, BYJU'S. All rights reserved.

Disclaimer (https://byjus.com/disclaimer/)  | 

Privacy Policy (https://byjus.com/privacy-policy/)  | 

Terms of Services (https://byjus.com/terms-of-services/)  | 

Sitemap (https://byjus.com/sitemap.xml)

(https://byjus.com/#)
Chat now