Retail Trade

About this topic

What you'll practise (50 questions)

1. What is retail trade? (b) Explain the factors that are considered before setting a retail outlet. (c) What are the qualities of a good retailer?
2. Who are itinerant traders? (b) Give reasons why the number of small scale retail firms have increased in Uganda. (c) Outline the circumstances under which large scale firms can outcompete small scale firms.
3. What services do retailers rendered to the: a) Retailers b) Producers
4. Mention any five types of large scale retailers. (b) What are the features of large scale retailers? (c) What are the advantages and disadvantages of super markets?
5. What is self service? (b) What are the advantages and disadvantages of self service?
6. What is automatic vending? (b) What are the advantages and disadvantages of automatic vending?
7. What is the difference between a credit note and a debit note?
8. What is a cash sale?
9. What is retail trade?
10. What is a retailer?
11. What is the difference between retail and wholesale trade?
12. Which of the following is a retailer?
13. What are the functions of a retailer?
14. What is a large-scale retailer?
15. What is a small-scale retailer?
16. What is a supermarket?
17. What is a hypermarket?
18. What is a department store?
19. What is a chain store?
20. What is a franchise store?
21. What is a convenience store?
22. What is a specialty store?
23. What is a mail-order business?
24. What is a discount store?
25. What is a cooperative store?
26. What is a mobile shop?
27. What is a hawker?
28. What is a peddler?
29. What is a street vendor?
30. What is the advantage of retail trade to consumers?
31. What is the advantage of retail trade to producers?
32. What is self-service retailing?
33. What is the advantage of self-service retailing?
34. What is the disadvantage of self-service retailing?
35. What is after-sales service?
36. What is the importance of after-sales service?
37. What is a retail outlet?
38. What factors influence the location of a retail outlet?
39. What is the role of display in retail?
40. What is window display?
41. What is the purpose of window display?
42. What is a credit sale in retail?
43. What is the advantage of credit sales to retailers?
44. What is the disadvantage of credit sales to retailers?
45. What is the difference between a cash sale and a credit sale?
46. What is a lay-by in retail?
47. What is the advantage of lay-by to retailers?
48. What is a sales assistant?
49. What is the role of a sales assistant?
50. What is a point of sale (POS) system?

Answer each question above to see the correct answer and a full explanation.