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