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