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