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