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