Answer in brief.
1) State any four features of one price shop.
Ans:-
Features of One Price Shop:
(I) Location: One price shops are located in busy centers of the city such as busy trade centers near railway stations, bus stops and other crowded places.
(II) Variety of Goods: In one price shop, the customers are given wide scope to make selection of goods of their choice. However, the price is uniform but quality of the goods may be different.
(III) Cash Sales: In this shop goods are sold on cash basis only. No credit facility is given to the customers. So there is no risk of bad debts.
(IV) Low Priced Articles: In one price shop, the goods are sold to customers for domestic use at lower prices e.g. stationery, cutlery, toys, plastic goods, etc.
(V) Uniform Prices: All the articles of goods are sold in one price shop at the same price. The customers have no scope for bargain in this shop.
(VI) Business Policy: In one price shop, the policy of buying and selling of goods of all the shops are the same one.
2) State any four services of wholesalers to manufacturers.
Ans:-
Features of One Price Shop:
(I) Location: One price shops are located in busy centers of the city such as busy trade centers near railway stations, bus stops and other crowded places.
(II) Variety of Goods: In one price shop, the customers are given wide scope to make selection of goods of their choice. However, the price is uniform but quality of the goods may be different.
(III) Cash Sales: In this shop goods are sold on cash basis only. No credit facility is given to the customers. So there is no risk of bad debts.
(IV) Low Priced Articles: In one price shop, the goods are sold to customers for domestic use at lower prices e.g. stationery, cutlery, toys, plastic goods, etc.
(V) Uniform Prices: All the articles of goods are sold in one price shop at the same price. The customers have no scope for bargain in this shop.
(VI) Business Policy: In one price shop, the policy of buying and selling of goods of all the shops are the same one.
3) Write any four services of retailers to consumers.
Ans:-
Services of Retailers to Customers:
(I) Variety of Goods: Retailer keep different brands of goods which helps the customer to choose.
(II) After Sales Services: After sales services are given for a particular period, which is known as guarantee period for costly and durable goods such as refrigerators, TV. etc. Such services create confidence in minds of consumers for further purchases.
(III) Regular Supply of Goods: Retailer stocks the goods sufficiently which are required by the customers and customers purchases the goods whenever needed.
(IV) Credit Facilities: Retailers provides credit facility to customer which helps him to grow up sales and also it is convenient for the customers to purchase goods.
(V) Home Delivery: Retailer provides home delivery service to the customers which helps him to maintain permanent relationship with the customers.
4) State any two types of small scale fixed shop retailer.
Ans:-
Types of Small Scale Shop Retailers:
(I) General Store Retailer: These shops are found in residential areas and offers shopping convenience to the customers. They deal in wide variety of goods so there is scope for choice. They deal in almost all household articles and goods of daily use. They provide credit facilities and have personal relation with their customers. They have fixed place of business so the customers have faith and confidence in dealing with them.
(II) Second Hand Goods Dealers: As the name indicates these shops deal in used or old goods and articles. They buy goods from individual and not from manufacturers or Wholesalers. They repair or overhaul the items. They display them in their shops. Generally people from poor communities prefer to buy from these Shops.
5) Explain preliminary stage of Import procedure.
Ans:-
Import trade refers to buying of goods and services from another country or countries i.e. a foreign country. The procedure of import trade varies from one country to another country depending upon the policy implemented in that country. Import of goods and services is controlled by the government in most of the countries.
India follows the following import procedure, which is divided into four stages.
Preliminary Stage:
(1) Registration: In order to carry out import, the importer has to get himself registered with the authorities given below:
(I) Director General Foreign Trade (DGFT) in order to get an Import-Export Certificate Number.
(II) The Income Tax department to obtain Permanent Account Number. (III) To carry out GST formalities.
(2) Negotiation or Trade enquiry: The importer must collect information from overseas suppliers regarding the goods he wants to import of a product. It contains details like:
(a) Price
(b) Delivery schedule,
(c) Credit period and
(d) Terms and conditions of sale, payment and delivery.
6) Explain post-shipment stage of Export procedure.
Ans:-
Post-shipment Stage:
(I) Shipment Advice: On the dispatch of the goods, the exporter sends shipment advice to the importer. Along with it, he also sends the packaging list, commercial invoice and non-negotiable copy of loading.
(II) Presentation of Documents: The necessary documents are presented to the bank for negotiation and realisation of export proceeds.
(III) Realisation of Export incentive: Various incentive like duty drawbacks, refunds of GST if paid etc. is given to the exporter by the concerned authorities.
(IV) Follow up: Exporter has to follow up and find out the buyers reaction on the goods he receives: This concludes the export procedure.