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