Tag: wholesale trade

Quizzes (6) Questions (19)

Questions Related to wholesale trade

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

Wholesalers may have control over retailers, but they do not sell to end-customers.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In product development, an end user (sometimes end-user) is a person who ultimately uses or is intended to ultimately use a product.In information technology, end users are not "customers" in the usual sense—they are typically employees of the customer.

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

_________ distribution occurs between a producer and industrial users of raw materials needed for the manufacture of finished products.

  1. Customer-to-customer (C2C)

  2. Business-to-business (B2B)

  3. Business-to-customer (B2C)

  4. Customer-to-Business (C2B)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Business-to-business is a situation where one business makes a commercial transaction with another. This typically occurs when: A business is sourcing materials for their production process for output .Example- Providing raw material to the other company that will produce output

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

A distribution channel is a ______ in business. 

  1. optional

  2. privilege

  3. necessity

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Distribution is one of the four elements of the marketing mix. Distribution is the process of making a product or service available for the consumer or business user who needs it. This can be done directly by the producer or service provider, or using indirect channels with distributors or intermediaries.

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

In the case of corporate trade payments, the link between the banks of the buyer and the seller is the _________.

  1. EFT

  2. Lock boxes

  3. Automated clearing houses

  4. Wire transfers

  5. Both (A) and (D) above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the case of corporate trade payments, the payment information from the payer is electronically transferred to an Automated Clearing House (ACH) which is a link between the banks of the buyer and the seller.

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

______________ generally take title of the goods and bear the business risks by purchasing and selling the goods in their own name.

  1. Brokers

  2. Wholesalers

  3. Retailers

  4. Manufacturers
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Wholesalers act as intermediaries who purchase goods in bulk from manufacturers and sell them in smaller quantities to retailers, taking ownership and risk in the process.

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

Which of the following is not true in relation to wholesalers?

  1. Wholesalers serve as an important link between manufacturers and retailers.

  2. Most of the functions performed by wholesalers are such which can be eliminated.

  3. They generally take title of the goods and bear the business risks by purchasing and selling the goods in their own name

  4. Both B and C
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The statement that functions performed by wholesalers can be easily eliminated is generally considered false in business theory, as they provide essential services like storage, breaking bulk, and financing that are difficult to eliminate without replacing them with other efficient systems.

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

Purchase and sale of goods and services in large quantities, for the purpose of resale or intermediate use is referred to as _______________.

  1. internal trade

  2. wholesale trade

  3. retail trade

  4. inter state sale
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Wholesale trade involves the sale of goods in large quantities to retailers or industrial users for resale or further processing, rather than direct sale to final consumers.

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

_________ not only enable(s) the producers to reach large number of buyers spread over a wide geographical area.

  1. Wholesaler

  2. Retailer

  3. Government

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Wholesaling, jobbing, or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional, or other professional business users; or to other wholesalers and related subordinated services. In general, it is the sale of goods to anyone other than a standard consumer.

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

A wholesaler may be an individual or otherwise a firm.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Wholesaling, jobbing, or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional, or other professional business users; or to other wholesalers and related subordinated services. In general, it is the sale of goods to anyone other than a standard consumer.

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

If there are no wholesalers, the functions which they perform shall have to be performed either by the manufacturers or the retailers.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Manufacturers mainly focus on production and creating products or finished goods. Manufacturers rarely sell their products directly to consumers or the end users of the products. Instead, manufacturers usually sell their products to other businesses down the chain like a retailer, dealer, or wholesaler.