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