Page 226 - SST Class 07

A. Tick (3) the correct option.

1. They buy finished goods from the producers and sell them to the consumers.
(a) Traders (b) Retailers (c) Wholesalers

2. It lets the producers concentrate on production activities.
(a) Marketing (b) Advertising (c) Both (a) & (b)
3. The producers employ ____________ to contact the potential buyers.
(a) salespersons (b) managers (c) farmers

4. Those who are engaged in retail trade are called:
(a) wholesalers (b) retailers (c) farmers

5. Buying and selling of goods and services within a country is called:
(a) internal trade (b) home trade (c) both (a) & (b)

B. Fill in the blanks.
1. ________________ generates employment in the production and distribution sectors.

2. The ________________ themselves may also set up retail shops or showrooms in different
localities and sell goods directly to consumers.
3. ________________ is a type of business in which goods are being purchased from the
producers.
4. The producers supply goods directly to retailers who in turn sell them to ______________ .
5. In the case of fixed price, the seller charges the same price for a product from all
________________.
6. People with good ________________ power can gain from this flexible price selling
practice.
C. Write few words for the followings.

1. Marketing : _____________________________________________________________________
________________________________________________________________________________

2. Retailers : _______________________________________________________________________
________________________________________________________________________________
3. Consumers : ____________________________________________________________________
________________________________________________________________________________

4. Wholesaler : ____________________________________________________________________
________________________________________________________________________________

D. Answer the following questions.
1. What is the importance of markets?
2. What are the benefits of marketing?

Social Science-7 226