Wholesale Trade Basics

Wholesale Trade Basics

8th Grade

20 Qs

quiz-placeholder

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Wholesale Trade Basics

Wholesale Trade Basics

Assessment

Quiz

Financial Education

8th Grade

Easy

Created by

Tevin Rupasinghe

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different types of wholesalers?

Suppliers

Distributors

There are four main types of wholesalers: 1. Merchant Wholesalers 2. Brokers 3. Agents 4. Manufacturers' Sales Branches and Offices

Retailers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the concept of wholesale distribution channels.

Wholesale distribution channels only benefit manufacturers and do not impact retailers.

Wholesale distribution channels involve direct sales from manufacturers to consumers, bypassing intermediaries.

Wholesale distribution channels involve intermediaries that help manufacturers sell products in bulk to retailers, expanding market reach and reducing distribution costs.

Wholesale distribution channels are limited to online platforms and do not involve physical stores.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What services do wholesalers provide to manufacturers?

Quality control, product design, pricing strategy

Retail display, online advertising, competitor analysis

Individual sales, transportation, customer service

Bulk purchasing, warehousing, distribution, and marketing support

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do wholesalers support retailers?

By limiting product variety and increasing prices

By providing a wide range of products at lower prices, offering bulk purchasing options, delivering goods efficiently, providing marketing support, and offering credit terms.

By delaying deliveries and providing poor customer service

By offering limited credit options and no marketing support

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does OHIO stand for in the context of wholesale trade?

Open-High-In-Low-Close

Outsource-Hire-Invest-Operate

Open-High-Low-Close

Overhead-Inventory-Order

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name one type of wholesaler that deals with a specific product category.

General wholesaler

Bulk wholesaler

Retailer

Specialty wholesaler

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Describe the role of cash and carry wholesalers.

Cash and carry wholesalers provide home delivery services for customers.

Cash and carry wholesalers sell goods in bulk for cash, offering discounted prices and requiring customers to transport the goods themselves.

Cash and carry wholesalers only accept credit card payments.

Cash and carry wholesalers have a minimum purchase requirement of one item.

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