O-LevelCommerceRetail trade7100/11 · Oct/Nov 2014 · Q61 Mark

The following headlines have recently appeared in the local newspapers. [Figure 6.1] The small-scale retailer can cut costs to survive competition from the supermarkets by

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Agiving extra personal services to customers.

Bjoining a voluntary chain which bulk buys from manufacturers.

Coffering credit to regular customers.

Dworking longer hours so as to reduce staff.

✓ Correct answer

B: joining a voluntary chain which bulk buys from manufacturers.

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Topic: Retail trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2014 Paper 1 Variant 1, question 6.

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