NIOS Class 10 Business Studies Chapter 14 Retail Trade

NIOS Class 10 Business Studies Chapter 14 Retail Trade Solutions to each chapter is provided in the list so that you can easily browse throughout different chapters NIOS Class 10 Business Studies Chapter 14 Retail Trade Notes and select need one. NIOS Class 10 Business Studies Chapter 14 Retail Trade Question Answers Download PDF. NIOS Study Material of Class 10 Business Studies Notes Paper 215.

NIOS Class 10 Business Studies Chapter 14 Retail Trade

Also, you can read the NIOS book online in these sections Solutions by Expert Teachers as per National Institute of Open Schooling (NIOS) Book guidelines. These solutions are part of NIOS All Subject Solutions. Here we have given NIOS Class 10 Business Studies Chapter 14 Retail Trade Solutions, NIOS Secondary Course Business Studies Solutions for All Chapter, You can practice these here.

Retail Trade

Chapter: 14

NIOS TEXTBOOK QUESTIONS ANSWERS

Intext Questions 14.1

1. Match the following:

Column A	Column B
(i) Super Bazar	(a) Deals in goods of one brand only.
(ii) Itinerant retailer	(b) Sell different varieties of the same product line.
(iii) Speciality Store	(c) Large variety of goods of general use.
(iv) Variety Store	(d) Large-scale retail trade.
(v) Single Line Store	(e) Sell articles on carts.

Ans:-

Column A	Column B
(i) Super Bazar	(c) Large variety of goods of general use.
(ii) Itinerant retailer	(e) Sell articles on carts.
(iii) Speciality Store	(a) Deals in goods of one brand only.
(iv) Variety Store	(b) Sell different varieties of the same product line.
(v) Single Line Store	(d) Large-scale retail trade.

Intext Questions 14.2

Fill in the blanks with suitable words: 

(i) Sale of goods and commodities in __________ quantities directly to consumers is called retail trade. 

Ans:- Small.

(ii) When a shopkeeper sells groceries and other items of needs to customers through his shop, he is engaged in _________ activities. 

Ans:- Retailing.

(iii) When one or more types of goods are sold to customers through big shops it is called _________ retail trade. 

Ans:- Large – scale.

(iv) In large-scale retail trade, shops are located at __________ and sell goods to ________number of customers. 

Ans:- Central places, large.

(v) Large scale retail shops may be opened by big __________ to sell their products directly to the customers.

Ans:- Manufactures.

Intext Questions 14.3

Whether the following statements relating to Departmental Stores are true or false, write ‘T’ for true and ‘F’ for false against each statement: 

(i) A departmental store is a retail shop where different goods are sold at different counters/ departments in the same building. 

Ans:- True.

(ii) The different departments like electronic goods, garments etc are managed separately for convenience of control. 

Ans:- False.

(iii) There is direct contact between the customers and the owner of the departmental store through various departments. 

Ans:- False.

(iv) Departmental Stores offer additional services to customers apart from the goods available for sale. 

Ans:- True.

(v) These stores are conveniently located in residential areas for the benefit of large number of customers. 

Ans:- False.

(vi) Departmental stores offer goods at high prices to customers due to the high cost involved in maintaining and operating the store as well as providing various facilities for customers.

Ans:- True.

Intext Questions 14. 4

I. Indicate whether the following statements about Super Bazar are right or wrong. Write ‘R’ for a right statement and W for a wrong one: 

(i) Like departmental stores, super bazaars also sell a variety of goods in one building only. 

Ans:- True.

(ii) They are organised as cooperative societies where the members provide the capital. 

Ans:- True.

(iii) Goods are sold on credit basis for the convenience of members of the co-operative society. 

Ans:- False.

(iv) Super Bazars cannot afford to hire professional managers leading to inefficiency in their operations. 

Ans:- True.

(v) To provide goods at cheaper rates, super bazars offer inferior quality goods for sale.  

Ans:- False. 

II. Identify the type of large scale retail trade the following sentence refer to: 

(i) Sale of goods is through different outlets located at different places. 

Ans:- Multiple Shops.

(ii) Goods are generally available at a price higher than its market price elsewhere. 

Ans:- Departmental Store.

(iii) The stores are mostly controlled by a group of consumers. 

Ans:- Super Bazar. 

(iv) A number of facilities are offered to customers apart from the product for sale. 

Ans:- Departmental Store.

(v) Goods of the same type are sold to customers. 

Ans:- Multiple Shops.

III. From the following sentences relating to large scale Retail Trade choose the suitable word(s) from those given in brackets: 

(i) Goods are generally purchased in bulk from ___________________ ( manufacturers, middlemen) for sale to the consumers. 

Ans:-Manufacturers.

(ii) Goods are made available to consumers mostly _____________(under same roof, in different shops) 

Ans:- Under same roof.

(iii) It sells goods to _________(limited, large) number of customers. 

Ans:- Large.

(iv) Goods are sold on _________ (credit, cash) basis to customers. 

Ans:- Cash.

(v) The amount of capital investment required in large-scale retail trade is _______________ (mostly equal to, much greater than) the capital investment in local retail shops.

Ans:- Much greater than.

Intext Questions 14. 5

Fill in the blanks with suitable words relating to Multiple Shops: 

(i) Various shops selling similar range of products at _________ price and usually run by big manufacturers are called multiple shops. 

Ans:- Same.

(ii) For easy identification, all multiple shops of the same manufacturer have similar display and _________ . 

Ans:- Decoration.

(iii) Since all sales are on cash basis there is no risk of ___________. 

Ans:- Bad debts.

(iv) Due to elimination of _____________ goods are available to customers at low prices. 

Ans:- Middleman.

(v) The multiple shops are centrally managed by the _________ leading to lack of initiative on the part of branch mangers. 

Ans:- Head office.

(vi) Customers get standard quality and genuine goods through multiple shops leading to public _______ in the products. 

Ans:- Confidence.

(vii) Multiple shops provide ________ variety of products for customers through their branches.

Ans:- Limited.

(viii) These shops provide ________ of location through their presence in main markets and busy shopping centres.

Ans:- Convenience. 

Intext Questions 14.6

I. Whether the following statements are True and False, Write ‘T’ for true statements and ‘F’ for false statements. 

(i) In mail order business, the seller approaches the customer through catalogues, magazines, television etc. to tell him/her about the product. 

Ans:- True.

(ii) Mail Order Business can be successfully operated through telephone and television channels and does not require use of postal services. 

Ans:- False.

(iii) Goods like jewellery, fruits and vegetables, foodgrains generally use mail order business for sale to customers. 

Ans:- False.

(iv) Teleshopping saves time and effort as order can be placed over the telephone. 

Ans:- True.

(v) Exchange of goods is easily possible in case of teleshopping. 

Ans:- False.

(vi) Risk of fraud and dishonesty is present in Teleshopping as the consumer does not get the opportunity to inspect the goods before purchase.

Ans:- True.

II. Fill in the blanks with suitable word(s). 

(i) To buy goods any time during the day or night, a convenient mode is ________. 

Ans:- Automatic vending machine.

(ii) The desired goods can be bought by inserting ___________ in the automatic vending machine. 

Ans:- Coins/tokens.

(iii) Credit cards are used for purchase of products through _________________. 

Ans:- Internet shopping/online shopping.

(iv) To buy books or magazines from anywhere in the world, _________ may be the preferred system of retailing. 

Ans:- Internet shopping/online shopping.

(v) Advertisement about the product is not required in _______________. 

Ans:- Automatic Vending Machine. 

(vi) Time and effort of ___________ is saved in on-line shopping. 

Ans:- Customers.

(vii) The limitation of automatic vending machines is that the _______ is very expensive. 

Ans:- Machine.

(viii) Knowledge of computers is required to buy goods through _______________. 

Ans:- Internet shopping/online shopping.

III. 

Multiple Choice Questions

(i) The type of trade which is totally dependent up on advertisement is called: 

(a) Departmental Store. 

(b) Mail Order Business. 

(c) Cooperative Stores. 

(d) Multiple Store. 

Ans:- (b) Mail Order Business.

(ii) Which business deals in variety of goods under one roof and one management 

(a) Departmental Store. 

(b) Cooperative Store. 

(c) Multiple Shops. 

(d) None of these. 

Ans:- (a) Departmental Store.

(iii) The place where different types of shops are available within one building is called: 

(a) Multiple Shops. 

(b) Departmental Store. 

(c) Super Bazar. 

(d) Wholesale Market. 

Ans:- (b) Departmental Store.

(iv) There is no need of salesman in 

(a) Automatic Vending Machine. 

(b) Internet Shopping. 

(c) Departmental Stores. 

(d) Malls. 

Ans:- (b) Internet Shopping.

(v) Teleshopping is done through 

(a) Telephone. 

(b) T.V. 

(c) Personal Visit. 

(d) None of these.

Ans:- (a) Telephone.

Terminal Exercise

1. Define ‘Large-Scale Retail Trade’

Ans:- Large scale retail trade is a type of trade in which either single type of goods or a variety of goods are made available to a large number of consumers in a big shop under a single roof or may be made available at the convenience of customers.

2. Give two examples each of Departmental Stores and Multiple Shops in India.

Ans:- The two examples of department stores are: electronic goods and jewellery.

The two examples of multiple shops are: HMT watch shop and McDonalds restaurant.

3. What is meant by Super Bazar?

Ans:- Super Bazar is a large scale consumers’ co-operative store, which sells a wide variety of products like food items, vegetables, fruits, groceries as well as durable consumer goods all under one roof. It is formed with the objective of selling goods of daily necessity to its members and also to the general public at a reasonable price by eliminating the middlemen in the process of distribution.

4. Give examples of four products that are suitable for sale through Mail Order Business.

Ans:- The examples of four products that are suitable for sale through mail order business are:- Health and beauty products.

Office supplies, computer hardware and software. Clothing, jewellery and accessories. Home furnishings and decor.

5. State any four advantages of Multiple Shops to buyers and sellers.

Ans:- The multiple shops offer the following advantages to buyers and sellers:

(i) Easy identification: All multiple shops are often built alike. They have similar shop-front, display and decoration. This helps the customers to recognise the shops easily. 

(ii) Elimination of middlemen: Multiple shops are generally owned by big manufacturers. So the middlemen are eliminated in the distribution process. 

(iii) Economies of large-scale: These shops enjoy the benefits of large scale purchase or production of goods. Also, due to common advertisement these shops are able to save on the cost of advertising. 

(iv) Low Price: The customers can get the goods at a cheaper rate because of low operating cost and elimination of middlemen in the process of distribution. 

6. Explain any four advantages of Multiple Shops to buyers and sellers.

Ans:- The multiple shops offer the following advantages to buyers and sellers:

(i) No bad debts: All sales are strictly made on a cash basis. Hence the question of loss due to bad debts does not arise.

(ii) Public confidence: Standard quality and uniform price of the products help in winning the confidence of customers. The customers get the genuine and standard goods directly from the manufacturer. The chances of duplication of goods and cheating do not arise in these shops. 

(iii) Convenient location: These shops are usually located in the main markets and in busy shopping centres. So the customers can buy goods of their choice easily from these shops.

(vi) Elimination of middlemen: Multiple shops are generally owned by big manufacturers. So the middlemen are eliminated in the distribution process.

7. How are Super Bazars beneficial for customers? Explain in about 60 words.

Ans:- Super Bazar is a large-scale consumers’ co-operative store, which sells a wide variety of products like food items, vegetables, fruits, groceries as well as durable consumer goods all under one roof.Super Bazars purchase goods in bulk from the manufacturers or government agencies and sell them to the members and general public at a reasonable margin of profit.A customer can find goods of different brands at one place. This makes comparison and selection easy. You can take your own time to select items of your choice. : In India most of the super bazaars are controlled by Central and State Governments. This helps to maintain price and possibilities of creating artificial shortage of goods can be avoided.

8. Outline the procedure for buying goods through Mail Order. 

Ans:- The followings are the features/procedure of mail order business: 

(i) The entire process is carried out through the postal system. 

(ii) Buying and selling takes place without any face-to-face contact between the buyer and the seller. 

(iii) Seller advertises the products giving detailed description of the goods, mode of payment, terms of sales, etc. in the newspapers, magazines, letters, catalogues, etc. 

(iv) Seller receives order from the buyer by post. 

(v) Seller sends the properly packed goods to the buyer through value payable post.

9. In Spite of being a convenient method of buying goods, tele shopping is not used by consumers very often. Why?

Ans:-