Question 1

Trade deals mainly with _____________.

Accepted Answer

buying and selling of goods to consumers

Answer

buying and selling of goods to plants

Answer

buying and selling of goods to government

Answer

buying and selling of goods to large organizations

Question 2

Trade involves the exchange of commodity for ______.

Accepted Answer

money

Answer

services

Answer

prayers

Answer

goods

Question 3

Trade can basically be classified into ______

Accepted Answer

Home and Foreign trade

Answer

Government and Foreign trade

Answer

School and Foreign trade

Answer

Home and School trade

Question 4

The trade which is carried out within the country is _____.

Accepted Answer

Home trade

Answer

Government trade

Answer

Foreign trade

Answer

Backyard trade

Question 5

The trade that exists between nations is called ____

Accepted Answer

Foreign trade

Answer

School trade

Answer

Abuja Trade

Answer

Home trade

Question 6

Another name for Home trade is ______

Accepted Answer

Domestic or Inland Trade

Answer

Wild Trade

Answer

Domestic Animal Trade

Answer

Water Inland Trade

Question 7

Retailers buy goods from ______________ and sell them to _____________.

Accepted Answer

Wholesalers, Consumers

Answer

Wholesalers, Government

Answer

Students, Consumers

Answer

Consumers, Wholesalers

Question 8

The last connecting link in the distribution of channel of goods is the _________.

Accepted Answer

Consumer

Answer

Government

Answer

Retailer

Answer

Wholesaler

Question 9

Retail trade has two important types namely:

Accepted Answer

Permanent Shops and Mobile Traders

Answer

Permanent Shops and Wholesale Traders

Answer

Permanent Consumers and Mobile Traders

Answer

Temporary Shops and Mobile Traders

Question 10

Hawkers are examples of _______________________ traders.

Accepted Answer

Mobile

Answer

Government

Answer

Wholesale

Answer

Permanent

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