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GCE Commerce 1989 Question 88

Question 88

Retail Trade

Which of the following are true of small shops? I. They exist to serve a local market II. They provide personal services to customers III. There is not much opportunity for expansion IV. There is no need to employ paid assistants

  1. A.I, II and III only
  2. B.II, III and IV only
  3. C.III and IV only
  4. D.I, II and IV only
  5. E.II and III only
Show the answer and explanation

Answer: A (I, II and III only)

Explanation

Small shops serve the neighbourhood, give personal service and have little room to grow; many do employ paid assistants, so IV is not always true.