Q1. What is wholesale trade?
Selling goods in small quantities
Manufacturing goods
Selling goods directly to consumers
Selling goods in bulk to retailers
Q2. When the purchase of goods made by a foreign country.
Import
Entreport
Export
Re-Export
Q3. What is the significance of a wholesaler's role in the supply chain?
Direct sales to consumers
Handles only marketing and advertising
Provides loans to retailers
Acts as an intermediary between manufacturers and retailers
Q4. Which type of wholesalers buy goods from manufacturers and sell them to retailers?
Merchant wholesalers
Agent wholesalers
Retailers
Specialty wholesalers
Q5. What is the primary purpose of a wholesale trade association?
To provide support and advocacy for wholesalers
To promote retail sales
To regulate wholesale prices
To control manufacturing processes
Q6. What is the main character of the industry?
Income Distribution
Justice
Division of Labor
Efficiency of Labor
Q7. Which channel involves the use of intermediaries in wholesale trade?
Direct distribution
Indirect distribution
Retail distribution
Online distribution
Q8. No Sample for Dealers to inspect the commodity in
Corn Exchange
Commodity Exchange
Baltic Exchange
Metal Exchange
Q9. In the context of wholesale trade, what does the term "FOB" stand for?
Freight Over Border
Forward Order Billing
Fast Order Booking
Free on Board
Q10. What is the primary advantage of using a just-in-time (JIT) inventory system in wholesale trade?
Reducing holding costs and waste
Maximizing warehouse space
Offering long-term payment plans
Providing credit facilities to buyers
Q11. Which of the following is a characteristic of a rack jobber?
Sells goods directly to consumers
Specializes in perishable goods
Manages retail displays and restocking
Operates without physical inventory
Q12. Which factor is essential for successful wholesale pricing strategies?
Implementing fixed pricing models
Considering market demand and competition
Maximizing consumer discounts
Setting prices based on manufacturing costs
Q13. Which type of wholesaler takes ownership of goods and assumes the risk associated with them?
Rack jobber wholesaler
Agent wholesaler
Merchant wholesaler
Cash and carry wholesaler
Q14. What does the term "gray market" refer to in wholesale trade?
Legal distribution of counterfeit goods
Exclusive distribution agreements
Unauthorized sales of genuine products
Restricted access to wholesale markets
Q15. Which term refers to the practice of wholesalers selling directly to end consumers, bypassing retailers?
Direct-to-Consumer (DTC)
Retail Arbitrage
Cross-docking
Business-to-Business (B2B)
Q16. In the context of wholesale trade, what does the term "net price" represent?
Price after deducting all discounts and allowances
Retail price of goods
Wholesale price before negotiation
Cost price of goods
Q17. Act as wholesaler, when retailer buy a large quantity of goods
Reservoir
Non-existence partner
Ignored Identity
Silent Earner
Q18. Which factor is crucial for determining the success of a wholesale distribution center?
Direct sales to consumers
Limited product variety
Efficient inventory management
High retail prices
Q19. What is the significance of a minimum order quantity (MOQ) in wholesale transactions?
Maximum allowed order quantity
Lowest acceptable order quantity
Standard unit price
Negotiable shipping costs
Q20. What is the main advantage of using a wholesale channel for distribution?
Direct access to end consumers
Higher profit margins
Limited market reach
Reduced handling of inventory
Q21. What is the significance of the term "Elasticity of Demand" in wholesale pricing?
Ratio of wholesale to retail prices
Time sensitivity in wholesale transactions
Measure of how much quantity demanded changes with a change in price
Fixed pricing model for wholesalers
Q22. What is the purpose of a trade credit application in wholesale transactions?
Determining the retail price of goods
Establishing payment terms between buyer and seller
Providing information on market demand
Facilitating product returns
Q23. What is the purpose of a trade show in the wholesale industry?
Networking and showcasing products to potential buyers
Selling directly to consumers
Negotiating with manufacturers
Conducting market research on competitors
Q24. What is the primary focus of a general merchandise wholesaler?
Operates as an intermediary between manufacturers and distributors
Sells a wide range of products to retailers
Specialized in selling specific product categories
Provides credit facilities to consumers
Q25. What role do trade credit insurance policies play in wholesale transactions?
Offering discounts on bulk purchases
Protecting wholesalers from fluctuations in interest rates
Covering losses in the event of non-payment by buyers
Ensuring timely payment of trade credit
Q26. Which of the following is an example of a wholesale trade show?
National Retail Federation Expo
International Wholesale Expo
Black Friday Sale
Consumer Electronics Show (CES)
Q27. Visual Merchandising is expected by customers from_______
Wholesaler
Manufacturers
Retailer
None
Q28. What is the purpose of a wholesale distribution center?
Direct selling to consumers
Temporary storage of goods before retail distribution
Manufacturing of goods
Marketing and advertising of products
Q29. In wholesale trade, what does the term "SKU" stand for?
Special Key Unit
Supply and Key Unit
Stock Keeping Unit
Sales and Keeping Unit
Q30. Amazon, Flipkart, Snapdeal are examples of which of the following Intermediaries?
Agent
Producer
Wholesaler
Retailer
Q31. All the activities directly related to the sale of goods and services to the final consumer is/are called_______
Wholesaling
Retailing
Purchasing
Over Looking
Q32. What is a disadvantage of using a dropshipping model in wholesale trade?
Direct access to end consumers
High inventory costs
Limited control over product quality
Faster order fulfillment
Q33. Which of the following is a benefit of using e-commerce platforms in wholesale trade?
Lower transaction security
Reliance on traditional sales channels
Increased accessibility and global reach
Limited market reach
Q34. In What Stages is a product range the largest?
Chain Store
Speciality Shop
One Price Shop
Departmental Store
Q35. In wholesale trade, what does the term "backhaul" refer to?
Transportation of goods from retailers to wholesalers
Empty return trip of a transportation vehicle
On-site training for wholesalers
Discount offered on bulk purchases
Q36. One Who runs and own the shop is
Single Owner
Shopkeeper
Independent Retailer
One Retailer
Q37. In wholesale trade, what is the purpose of a freight forwarder?
Selling goods directly to consumers
Offering credit to buyers
Facilitating the transportation of goods
Managing retail displays
Q38. What is the role of an agent wholesaler?
Sells goods directly to consumers
Manages retail stores
Facilitates transactions between buyers and sellers
Buys and takes ownership of goods
Q39. Which of the following is a key function of wholesale trade?
Distribution of goods in bulk
Manufacturing products
Marketing to a broad audience
Direct selling to consumers
Q40. Which term refers to the practice of wholesalers holding large inventories to meet retailers' immediate needs?
Inventory turnover
Bulk warehousing
Stockpiling
Just-in-time inventory
Q41. What is the primary function of a cash and carry wholesaler?
Selling goods on credit to retailers
Offering discounts to end consumers
Selling goods for cash to other businesses
Providing loans to consumers
Q42. What is a cash and carry wholesale model?
Wholesalers accepting credit cards only
Wholesalers selling goods for cash only
Wholesalers providing discounts to retailers
Wholesalers selling goods on credit
Q43. A _______ Keeper accepts goods for the purpose of storage.
Selling
Packaging
Export
Warehouse
Q44. In wholesale trade, what does the term "markup" refer to?
The cost of goods sold
The retail price of goods
The profit margin added to the cost price
The transportation cost
Q45. What is the primary function of a jobbing wholesaler?
Sells goods to consumers
Facilitates transactions between manufacturers and retailers
Manages retail displays
Buys and sells goods within a specific geographic area
Q46. What is the term for the process of breaking down large quantities of goods into smaller, more manageable units for distribution?
Segmentation
Fragmentation
Consolidation
Compaction
Q47. Which of the following is an example of a specialty wholesaler?
General merchandise wholesaler
Furniture wholesaler
Grocery wholesaler
Automotive parts wholesaler
Q48. In the wholesale trade context, what is the purpose of a trade credit?
Discount offered on bulk purchases
Cost of goods sold
Cash-only transactions
Payment term extended to buyers
Q49. What does the term "EDI" stand for in the context of wholesale trade?
Export and Distribution Initiative
Electronic Data Interchange
Essential Documentation Integration
Efficient Distribution Interface
Q50. What is the purpose of a wholesaler's showroom in the wholesale trade process?
Storing excess inventory
Displaying products to potential buyers
Offering discounts to end consumers
Managing supply chain logistics