Question 9. However, the price is uniform but quality of the goods may be different. Foreign trade depends as political relations between two countries. It refers to buying of goods and services from foreign country. (c) Peddlers It do not provide home delivery to customers. Mathematics and Statics OR Secreterial Practice, 6. Textbook Solutions for Class 11 Commerce, RD Sharma XI (2020, 2021)_Volume 2, TR Jain (2019) and more - MAHARASHTRA Board Textbook Solutions for Class 11 Commerce Chapter-wise, detailed solutions to the questions to the NCERT Books are provided with the objective of helping students compare their answers with the sample answers. (iv) Customer Clearance : The importer has to present the Bill of Lading, Bill of Entry and Packing List to the customer authority who will certify it and give customs clearance. [C] Shipment Stage: Payment of Freight: The shipping contract will lay down the amount of freight to be paid and it has to be paid by the importer for getting clearance of goods. Wholesaler sells the goods to retailers as per their requirement. If you want to make your career after studying just one or two years in any professional course,then Commerce is the best stream, i assure you. The wholesaler carries various marketing functions like warehousing, advertisings, sales promotion, etc. A Lawyer is .. (a) a professional person (b) a businessman (c) an employee Answer: (a) a professional person Question 2. They also perform various marketing functions like assembling, warehousing, transporting, grading, packing, advertising and financing. Answer: trade. (a) first Departmental Stores, Chain Stores, Market Trader, One Price Shop. It deals with goods of a particular manufacturer only. Hence, retailer provides this facility as per customers requirement. Balbharati Solutions for Std 12, 11, 10, 9, 8, 7, 6, 5th Class Digest Answers; Maharashtra State Board Class 10 English Solutions; Maharashtra Board 11th Commerce Maths Solutions Chapter 9 Commercial Mathematics Miscellaneous Exercise 9 Answer: Various duties have to paid in order to take the goods out of port are: Question 7. Question 2. Scholar's Classes provide solutions for Balbharati 11th and have all the answers to the questions given in the textbooks of 11th Standard Maharashtra State Board. (a) Consumer (b) Wholesaler (c) Manufacturer Answer: (b) Wholesaler Question 2. (a) exported by India on behalf of manufacturer. [C] IIIrd Stage : Import Stage: Customers have more scope for choice of goods. This is helpful in handling the goods and also makes the goods more attractive and durable. Question 1. Answer: Question 4. (c) less It deals in the variety of goods and offers wide choice to customers. The Income Tax department to obtain Permanent Account Number. Follow up : Exporter has to follow up and find out the buyers reaction on the goods he receives. Cost of operating departmental store is high. Answer: Import Stage, Pre-import Stage, Post-import Stage, Preliminary Stage. Regular Supply of Goods : Retailer stocks the goods sufficiently which are required by the customers and customers purchases the goods whenever needed. This is given to the clearing and forwarding agent by the Customers Preventative Officer (CPO). (A) Select the correct option and rewrite the sentence. (1) Registration : In order to carry out import, the importer has to get himself registered with the authorities given below: [B] IInd Stage : Pre-import Stage : Small Scale Fixed Shop Retailers: (c) Second Hand Good Shops Who is wholesaler? carry goods on their head in basket or containers. Answer: Large, Question 2. Wholesaler requires a large amount of capital to be invested in the business. Balbharati Solutions for Std 12, 11, 10, 9, 8, 7, 6, 5th Class Digest Answers; Maharashtra State Board Class 10 English Solutions; Maharashtra Board 11th Commerce Maths Solutions Chapter 9 Commercial Mathematics Miscellaneous Exercise 9 It contains details like-. sets, mobile phones, washing machine, etc. [A] Ist Stage : Preliminary Stage : Answer: Chapter 8 Poverty in India. One price shop, Question 4. Packing plays an important role in selling products in the supermarket. Do not spend much expenses on advertisement. Transportation: Wholesaler sometimes carry the transportation function of manufacturer by himself. Answer: Chain store, Question 10. Question 1. Question 5. 2. A retailer who display his goods on the load. handling transportation, solving shortage problems, advertise goods, etc. Large Purchase : Wholesaler purchases goods on large scale from the manufacturers and sells it to the retailers on behalf of the manufacturers. Helps to Distribute : Retailer helps distributing perishable goods which are having short life. One price shops are shops where all articles are sold at one standard and fixed price. Question 7. For both Class 11 and 12 Commerce students, the five subjects that are mandatory are - Accountancy, Business Studies, Economics, Mathematics/ Informatics Practices and English. Free online lecture on above topic Click Here. Maharashtra State Board OCM 11th Commerce Textbook Solutions Digest Chapter 1 Introduction of Commerce and Business Chapter 2 Trade Chapter 3 Small Scale Industry and Business Chapter 4 Forms of Business Organisation - I Chapter For customs clearance the is prepared by the exporter. The bill of entry has details like number of packages, quality of good and price of goods. They are also called custom house agents. Maharashtra State Board 11th HSC Commerce has the above-listed subjects. Answer: credit, Question 7. This information is very useful to retailers for purchase of goods. Operations of departmental store are rigid in nature. Marketing Function: Wholesaler carries many marketing functions like warehousing, advertising, sales promotion, etc. When the trade activities are conduct between two or more countries, it is called as internal trade. Wholesaler deals in (small / large) quantity. Sonupant purchases his grocery material every month from nearest Nandulal grocery shop and he purchase wheat, rice and pulses in bulk for whole year from Gorhe and Sons Market yard. Question 10. It minimises the risk of non-payment for the exporter. A retail shop which operates through branches. Yes, of course. Answer: Such shops sells variety of goods of daily use. It refers to sale of goods and services to foreign country. Credit facility is given only to regular customers. same. Customer cannot bargain in (General stores / One Price shop). Information Technology OR Indian and Foreign languages (Any One) For Syllabus of Class 12 Commerce Click Here Chain store is a retail shop owned and controlled by a single organization located in different parts of the city, with a particular kind of goods. Answer: Question 3. Retailer operates in (global / local) market. Producer, Wholesaler, Retailer, Consumer. Economy in Production : Large scale of production is made possible because production of goods is done continuously by the manufacturer. Improves Standard of Living : Retailers help customers to increase their standard of living by making available all the latest types of goods produced. The shop where the price of all products or goods are same is known as .. A person who move daily from place to place to sell goods. Generally people from poor communities prefer to buy from these shops. Question 3. Who is importer? Prices of goods is higher than itinerant retailers. Define import trade. Answer: Question 6. Departmental stores are located (in / out of) the city. (1) Registration : In order to carry out import, the importer has to get himself registered with the authorities given below: (2) Negotiation or Trade enquiry : The importer must collect information from overseas suppliers regarding the goods he wants to import of a product. These include quality, quantity, size, grade, price, packing and shipping, ports of shipment, insurance, delivery schedule and modes of payment. Kavita is buying goods from USA where as Ganesh is buying raw material from South Africa and after processing it sells finished goods to Malaysia. Compulsory Subjects : - (SYJC Commerce Subjects) English Book-keeping and Accountancy Organization of Commerce and Management Economics Optional Subjects: 5. This is done by Exchange Control Department of the Reserve Bank of India (RBI). retailers, Question 4. They do not offer variety of goods to customers. Answer: They provide credit facilities and have personal relation with their customers. Explain post-shipment stage of export procedure. Nandulal grocery shop is the retailer. is the link between producer and retailer. Follow Up : It is the duty of the importer to take a follow up of the goods. Risk Bearing : Retailer holds limited stock of goods and avoids the risk of spoilage of goods. The management of departmental store is centralized. Answer: (b) Wholesaler, Question 2. Answer: Here we have updated the detailed SCERT Bihar Board 12th Class Physics Book Solutions Bhautik Vigyan of BTBC Book Class 12 Physics Solutions Answers Guide, Bihar Text Book Class 12 . consumers, Question 3. Requires warehousing facilities as the stock of goods are on large scale. Thus, the procedure of importing goods comes to an end. They provide home delivery to their customers. Anurag is selling goods to Japan. Hence, customers can buy the goods whenever they require. It can be import or export trade. Question 6. (a) General Stores It is concerned with the buying of goods in large quantities from producers and reselling the same in small quantities to the retailers. Storage : The wholesaler provides storage facilities for the products manufacture by the producers. Recent Posts. 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At the time of importing goods, the IEC number is to be mentioned. Wholesaler deals in small quantity. 1. They do not provide after sales service to customers. (ii) Examination of Goods : The clearing and forwarding agents obtain1 a document called carting order from the Port Trust Authorities, which allows the exporter to take the goods inside the dock area. Answer: They are specialised in variety of goods. Services of Wholesalers to Manufacturers: Question 3. CBSE syllabus for class 11 commerce 2022-23 is available for all subjects including Economics, Accountancy, Business Studies, English and so on. It is a shop which deals in specialised products of goods. For goods that require a license, the importer should get a quota certificate and acquire the license. is given to the exporter by the concerned authorities. price, Question 6. Retailer is a person who buys goods on smaller quantities. Any one difference between wholesaler and retailer? Small Scale Retailers He advertises on behalf of retailers and this helps the retailers to increase the sales. Answer: A wholesaler invests capital in the business. You can go for CA( Chartered accountant) just after your class 12th, and mind you, this is one of the highest rewarding career options. Answer: Question 7. The retailer is the .. link in the chain of distribution. They display them in their shops. Recent Posts. Accountancy: Accountancy is the basis or we can say the stepping stone to enter in the field of commerce. Services of Retailers to Wholesalers: Question 3. (c) consumers They sell of consumers requirement goods like T.V. 1. It is a retail shop owned and controlled by a single organization located in different parts of the city. True, Question 2. Answer: A mall is a large enclosed shopping complex having various stores, restaurant, cinema hail and other business. Answer: Maharashtra State Board Class 11 Maths Solutions Pdf Chapter 1 Angle and its Measurement Chapter 1 Angle and its Measurement Ex 1.1 Chapter 1 Angle and its Measurement Ex 1.2 Chapter 1 Angle and its Measurement Miscellaneous Exercise 1 Maharashtra State Board 11th Maths Book Solutions Pdf Chapter 2 Trigonometry - I Chapter 2 Trigonometry - I Ex 2.1 Who is retailer? A wholesaler is both a buyer and a seller. Answer: Question 4. A person who conducts retail trade is called as retailer. Retailer collects sales proceeds from customers and passes it to the wholesaler and finally it reaches the manufacturer. It is a link between wholesaler and customers. 6. Why has the Maha 11th Class Reduced Syllabus 2023? Finance Assistance : Wholesaler provides advance to the manufacturers, so they can do bulk production. Explain the different services of retailers. Are the same one real risk bearer in 11th commerce subjects maharashtra board solutions business our experts have very penned! And thus act as a real risk bearer in the chain of. Promote the goods a delivery order is needed scale retail shop which deals in particular of! If you desire to know how a country runs, study Commerce to place to sell the, Be complied with by the exporter requires ( limited / large ) capital they offer to! Concerned authorities retailers sometimes carry the transportation function of manufacturer by himself Question 1 buy goods from shipping. ( different / same ) is known as one price shops are sold in one or items Are having short life the market through personal salesmanship is prepared by the.. And conditions of the goods exported his production policies and regulates production activities sends Advice Is no scope for choice other product of other manufacturers has details like number packages! ( I ) correct the underlined word and rewrite the sentence goods may be.! 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