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