What are the different types of wholesalers?

Wholesale Trade Basics

Quiz
•
Financial Education
•
8th Grade
•
Easy
Tevin Rupasinghe
Used 1+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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