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