FSO Unit 1

The picture shows an example of a

• fresh product

• dried product

• manufactured product

The picture shows an example of a

• fresh product

• dried product

• manufactured product

The picture shows an example of a

• fresh product

• dried product

• manufactured product

Daiso and Ikea are examples of

• consumers

• wholesalers

• retailers

• producers

Answer explanation

Retailers like Daiso and Ikea buy in bulk from producers. They can take advantage of bulk buying discounts and keep their prices fair and affordable.

Which of the following companies is an example of a wholesaler?

• Xpressflower.com

• Far East Orchid Pte Ltd

• Daiso

• Ikea

Answer explanation

Wholesalers buy products in bulk quantities from producers greater than what retailers can buy.

Which of the following companies is NOT a producer?

• Oasis Products

• Cameron Highland Orchid Farm

• Hua Lien Glass Vase Manufacturer

• GG Fresh Flower Pte Ltd

Answer explanation

GG Fresh Flower is a wholesaler of fresh cut flowers and products in Singapore.

Which of the following is an export agent of flowers?

• 
• 
• 

Answer explanation

Flora Holland is the global market leader in cut flowers and plants supply based in Netherlands. It acts as agent between growers and wholesalers or retail buyers.

Which of the following factors may lead to an increase in the prices of fresh flowers?

(You may select more than one option)

• Winter

• Floods

• Increase in demand due to Valentine's day

• Oversupply of roses due to very good harvest

• Summer

Reorder the following in terms of prices of roses.

1 - most expensive

3 - least expensive

• India rose

• China rose

• Ecuador rose

New varieties of flowers can command ​ ​ (a)   prices than standard varieties.

• higher
• lower