Q1. What is the primary function of a jobbing wholesaler?
Facilitates transactions between manufacturers and retailers
Manages retail displays
Sells goods to consumers
Buys and sells goods within a specific geographic area
Q2. What is the primary function of a cash and carry wholesaler?
Selling goods for cash to other businesses
Offering discounts to end consumers
Selling goods on credit to retailers
Providing loans to consumers
Q3. What is the term for the process of breaking down large quantities of goods into smaller, more manageable units for distribution?
Compaction
Consolidation
Segmentation
Fragmentation
Q4. 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
Q5. What role do trade credit insurance policies play in wholesale transactions?
Offering discounts on bulk purchases
Ensuring timely payment of trade credit
Covering losses in the event of non-payment by buyers
Protecting wholesalers from fluctuations in interest rates
Q6. What is the role of an agent wholesaler?
Buys and takes ownership of goods
Facilitates transactions between buyers and sellers
Sells goods directly to consumers
Manages retail stores
Q7. What is the primary advantage of using a just-in-time (JIT) inventory system in wholesale trade?
Offering long-term payment plans
Reducing holding costs and waste
Maximizing warehouse space
Providing credit facilities to buyers
Q8. In wholesale trade, what is the purpose of a freight forwarder?
Managing retail displays
Selling goods directly to consumers
Facilitating the transportation of goods
Offering credit to buyers
Q9. Act as wholesaler, when retailer buy a large quantity of goods
Silent Earner
Non-existence partner
Ignored Identity
Reservoir
Q10. Which factor is crucial for determining the success of a wholesale distribution center?
Direct sales to consumers
Efficient inventory management
High retail prices
Limited product variety
Q11. What does the term "EDI" stand for in the context of wholesale trade?
Efficient Distribution Interface
Electronic Data Interchange
Export and Distribution Initiative
Essential Documentation Integration
Q12. 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
Q13. All the activities directly related to the sale of goods and services to the final consumer is/are called_______
Purchasing
Retailing
Wholesaling
Over Looking
Q14. In wholesale trade, what does the term "backhaul" refer to?
Discount offered on bulk purchases
On-site training for wholesalers
Empty return trip of a transportation vehicle
Transportation of goods from retailers to wholesalers
Q15. What is the significance of the term "Elasticity of Demand" in wholesale pricing?
Ratio of wholesale to retail prices
Time sensitivity in wholesale transactions
Fixed pricing model for wholesalers
Measure of how much quantity demanded changes with a change in price
Q16. What is the primary purpose of a wholesale trade association?
To regulate wholesale prices
To control manufacturing processes
To promote retail sales
To provide support and advocacy for wholesalers
Q17. What is wholesale trade?
Selling goods directly to consumers
Selling goods in bulk to retailers
Selling goods in small quantities
Manufacturing goods
Q18. What is a cash and carry wholesale model?
Wholesalers providing discounts to retailers
Wholesalers selling goods on credit
Wholesalers accepting credit cards only
Wholesalers selling goods for cash only
Q19. What is the purpose of a trade show in the wholesale industry?
Selling directly to consumers
Networking and showcasing products to potential buyers
Negotiating with manufacturers
Conducting market research on competitors
Q20. Which type of wholesalers buy goods from manufacturers and sell them to retailers?
Specialty wholesalers
Merchant wholesalers
Agent wholesalers
Retailers
Q21. No Sample for Dealers to inspect the commodity in
Commodity Exchange
Corn Exchange
Baltic Exchange
Metal Exchange
Q22. What is the significance of a minimum order quantity (MOQ) in wholesale transactions?
Negotiable shipping costs
Lowest acceptable order quantity
Standard unit price
Maximum allowed order quantity
Q23. 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
Q24. 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
Q25. What is the main character of the industry?
Income Distribution
Justice
Efficiency of Labor
Division of Labor
Q26. In What Stages is a product range the largest?
Chain Store
Departmental Store
One Price Shop
Speciality Shop
Q27. Visual Merchandising is expected by customers from_______
None
Manufacturers
Wholesaler
Retailer
Q28. 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
Q29. In wholesale trade, what does the term "SKU" stand for?
Stock Keeping Unit
Special Key Unit
Supply and Key Unit
Sales and Keeping Unit
Q30. In wholesale trade, what does the term "markup" refer to?
The transportation cost
The cost of goods sold
The profit margin added to the cost price
The retail price of goods
Q31. When the purchase of goods made by a foreign country.
Export
Import
Re-Export
Entreport
Q32. A _______ Keeper accepts goods for the purpose of storage.
Warehouse
Packaging
Export
Selling
Q33. Which of the following is an example of a wholesale trade show?
International Wholesale Expo
Consumer Electronics Show (CES)
National Retail Federation Expo
Black Friday Sale
Q34. Which term refers to the practice of wholesalers holding large inventories to meet retailers' immediate needs?
Inventory turnover
Bulk warehousing
Stockpiling
Just-in-time inventory
Q35. Which term refers to the practice of wholesalers selling directly to end consumers, bypassing retailers?
Direct-to-Consumer (DTC)
Business-to-Business (B2B)
Retail Arbitrage
Cross-docking
Q36. What is a disadvantage of using a dropshipping model in wholesale trade?
Limited control over product quality
High inventory costs
Faster order fulfillment
Direct access to end consumers
Q37. 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
Q38. Which of the following is an example of a specialty wholesaler?
General merchandise wholesaler
Automotive parts wholesaler
Grocery wholesaler
Furniture wholesaler
Q39. What does the term "gray market" refer to in wholesale trade?
Unauthorized sales of genuine products
Exclusive distribution agreements
Legal distribution of counterfeit goods
Restricted access to wholesale markets
Q40. What is the main advantage of using a wholesale channel for distribution?
Direct access to end consumers
Reduced handling of inventory
Limited market reach
Higher profit margins
Q41. What is the primary focus of a general merchandise wholesaler?
Specialized in selling specific product categories
Operates as an intermediary between manufacturers and distributors
Sells a wide range of products to retailers
Provides credit facilities to consumers
Q42. 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
Q43. What is the significance of a wholesaler's role in the supply chain?
Acts as an intermediary between manufacturers and retailers
Handles only marketing and advertising
Direct sales to consumers
Provides loans to retailers
Q44. What is the purpose of a wholesaler's showroom in the wholesale trade process?
Managing supply chain logistics
Offering discounts to end consumers
Displaying products to potential buyers
Storing excess inventory
Q45. Which channel involves the use of intermediaries in wholesale trade?
Retail distribution
Online distribution
Direct distribution
Indirect distribution
Q46. One Who runs and own the shop is
Independent Retailer
One Retailer
Shopkeeper
Single Owner
Q47. Which type of wholesaler takes ownership of goods and assumes the risk associated with them?
Merchant wholesaler
Rack jobber wholesaler
Agent wholesaler
Cash and carry wholesaler
Q48. What is the purpose of a wholesale distribution center?
Temporary storage of goods before retail distribution
Marketing and advertising of products
Direct selling to consumers
Manufacturing of goods
Q49. Amazon, Flipkart, Snapdeal are examples of which of the following Intermediaries?
Agent
Wholesaler
Producer
Retailer
Q50. In the context of wholesale trade, what does the term "FOB" stand for?
Freight Over Border
Free on Board
Fast Order Booking
Forward Order Billing