Q1. Visual Merchandising is expected by customers from_______
Retailer
Manufacturers
None
Wholesaler
Q2. Which factor is essential for successful wholesale pricing strategies?
Implementing fixed pricing models
Setting prices based on manufacturing costs
Considering market demand and competition
Maximizing consumer discounts
Q3. In wholesale trade, what does the term "SKU" stand for?
Special Key Unit
Supply and Key Unit
Sales and Keeping Unit
Stock Keeping Unit
Q4. In the context of wholesale trade, what does the term "net price" represent?
Cost price of goods
Price after deducting all discounts and allowances
Wholesale price before negotiation
Retail price of goods
Q5. 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
Q6. Which type of wholesalers buy goods from manufacturers and sell them to retailers?
Specialty wholesalers
Retailers
Agent wholesalers
Merchant wholesalers
Q7. 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
Q8. In the context of wholesale trade, what does the term "FOB" stand for?
Fast Order Booking
Forward Order Billing
Free on Board
Freight Over Border
Q9. 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
Q10. What is the significance of the term "Elasticity of Demand" in wholesale pricing?
Ratio of wholesale to retail prices
Measure of how much quantity demanded changes with a change in price
Fixed pricing model for wholesalers
Time sensitivity in wholesale transactions
Q11. All the activities directly related to the sale of goods and services to the final consumer is/are called_______
Wholesaling
Over Looking
Purchasing
Retailing
Q12. What is the purpose of a trade credit application in wholesale transactions?
Providing information on market demand
Facilitating product returns
Determining the retail price of goods
Establishing payment terms between buyer and seller
Q13. Which channel involves the use of intermediaries in wholesale trade?
Direct distribution
Retail distribution
Online distribution
Indirect distribution
Q14. Which type of wholesaler takes ownership of goods and assumes the risk associated with them?
Cash and carry wholesaler
Rack jobber wholesaler
Agent wholesaler
Merchant wholesaler
Q15. What is the term for the process of breaking down large quantities of goods into smaller, more manageable units for distribution?
Consolidation
Compaction
Segmentation
Fragmentation
Q16. Which of the following is a benefit of using e-commerce platforms in wholesale trade?
Increased accessibility and global reach
Reliance on traditional sales channels
Limited market reach
Lower transaction security
Q17. What is the role of an agent wholesaler?
Sells goods directly to consumers
Buys and takes ownership of goods
Manages retail stores
Facilitates transactions between buyers and sellers
Q18. What is the purpose of a wholesaler's showroom in the wholesale trade process?
Storing excess inventory
Managing supply chain logistics
Displaying products to potential buyers
Offering discounts to end consumers
Q19. In wholesale trade, what is the purpose of a freight forwarder?
Selling goods directly to consumers
Facilitating the transportation of goods
Offering credit to buyers
Managing retail displays
Q20. 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
Q21. When the purchase of goods made by a foreign country.
Import
Re-Export
Export
Entreport
Q22. What is the purpose of a wholesale distribution center?
Marketing and advertising of products
Temporary storage of goods before retail distribution
Direct selling to consumers
Manufacturing of goods
Q23. What is the primary function of a cash and carry wholesaler?
Selling goods for cash to other businesses
Offering discounts to end consumers
Providing loans to consumers
Selling goods on credit to retailers
Q24. In the wholesale trade context, what is the purpose of a trade credit?
Cost of goods sold
Discount offered on bulk purchases
Cash-only transactions
Payment term extended to buyers
Q25. Which of the following is an example of a specialty wholesaler?
Automotive parts wholesaler
General merchandise wholesaler
Grocery wholesaler
Furniture wholesaler
Q26. What is the primary purpose of a wholesale trade association?
To control manufacturing processes
To regulate wholesale prices
To promote retail sales
To provide support and advocacy for wholesalers
Q27. What is the primary focus of a general merchandise wholesaler?
Sells a wide range of products to retailers
Operates as an intermediary between manufacturers and distributors
Provides credit facilities to consumers
Specialized in selling specific product categories
Q28. Which factor is crucial for determining the success of a wholesale distribution center?
High retail prices
Limited product variety
Efficient inventory management
Direct sales to consumers
Q29. Which term refers to the practice of wholesalers selling directly to end consumers, bypassing retailers?
Direct-to-Consumer (DTC)
Business-to-Business (B2B)
Retail Arbitrage
Cross-docking
Q30. What is a disadvantage of using a dropshipping model in wholesale trade?
Limited control over product quality
Direct access to end consumers
Faster order fulfillment
High inventory costs
Q31. No Sample for Dealers to inspect the commodity in
Corn Exchange
Commodity Exchange
Baltic Exchange
Metal Exchange
Q32. In wholesale trade, what does the term "backhaul" refer to?
Discount offered on bulk purchases
Empty return trip of a transportation vehicle
On-site training for wholesalers
Transportation of goods from retailers to wholesalers
Q33. What is the primary advantage of using a just-in-time (JIT) inventory system in wholesale trade?
Offering long-term payment plans
Maximizing warehouse space
Providing credit facilities to buyers
Reducing holding costs and waste
Q34. What is the purpose of a trade show in the wholesale industry?
Networking and showcasing products to potential buyers
Conducting market research on competitors
Negotiating with manufacturers
Selling directly to consumers
Q35. Amazon, Flipkart, Snapdeal are examples of which of the following Intermediaries?
Wholesaler
Agent
Producer
Retailer
Q36. What is the main character of the industry?
Division of Labor
Income Distribution
Justice
Efficiency of Labor
Q37. 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
Q38. A _______ Keeper accepts goods for the purpose of storage.
Packaging
Warehouse
Export
Selling
Q39. Act as wholesaler, when retailer buy a large quantity of goods
Silent Earner
Non-existence partner
Reservoir
Ignored Identity
Q40. In What Stages is a product range the largest?
One Price Shop
Departmental Store
Speciality Shop
Chain Store
Q41. What does the term "EDI" stand for in the context of wholesale trade?
Export and Distribution Initiative
Electronic Data Interchange
Efficient Distribution Interface
Essential Documentation Integration
Q42. What is the significance of a wholesaler's role in the supply chain?
Handles only marketing and advertising
Direct sales to consumers
Provides loans to retailers
Acts as an intermediary between manufacturers and retailers
Q43. What is wholesale trade?
Selling goods in small quantities
Selling goods in bulk to retailers
Selling goods directly to consumers
Manufacturing goods
Q44. In wholesale trade, what does the term "markup" refer to?
The cost of goods sold
The profit margin added to the cost price
The retail price of goods
The transportation cost
Q45. What role do trade credit insurance policies play in wholesale transactions?
Ensuring timely payment of trade credit
Offering discounts on bulk purchases
Covering losses in the event of non-payment by buyers
Protecting wholesalers from fluctuations in interest rates
Q46. What is the main advantage of using a wholesale channel for distribution?
Reduced handling of inventory
Higher profit margins
Direct access to end consumers
Limited market reach
Q47. Which of the following is an example of a wholesale trade show?
International Wholesale Expo
National Retail Federation Expo
Black Friday Sale
Consumer Electronics Show (CES)
Q48. Which term refers to the practice of wholesalers holding large inventories to meet retailers' immediate needs?
Bulk warehousing
Inventory turnover
Just-in-time inventory
Stockpiling
Q49. What is a cash and carry wholesale model?
Wholesalers providing discounts to retailers
Wholesalers selling goods for cash only
Wholesalers accepting credit cards only
Wholesalers selling goods on credit
Q50. One Who runs and own the shop is
One Retailer
Shopkeeper
Independent Retailer
Single Owner