Classification of Middlemen and Retailing MOPVC

What is the primary function of a wholesaler?

• Retailing goods to consumers

• Providing credit facilities to consumers

• Buying goods in bulk and selling to retailers

• Manufacturing products

Which type of retailer has no fixed business place?

• Fixed shop retailers

• Chain stores

• Itinerant retailers

• Departmental stores

What is a characteristic of a supermarket?

• Bargaining is encouraged

• High level of customer service

• No credit facilities available

• Limited variety of products

Which of the following is NOT a type of wholesaler?

• General Line wholesaler

• Specialty Wholesaler

• Retail Wholesaler

• Limited Function Wholesaler

What is the main advantage of chain stores?

• High credit facilities

• Personalized customer service

• Uniform and fixed prices

• High variety of products

Which type of retailer deals in second-hand articles?

• Departmental stores

• Second hand goods dealers

• Specialty shop

• General shops

What is the primary purpose of retailing?

• Manufacturing goods

• Wholesaling products

• Selling goods in small quantities to consumers

• Selling goods in large quantities

Which of the following is a disadvantage of mail-order business?

• Low risk of bad debts

• Higher prices charged

• Immediate ownership transfer

• High customer service

What is a key feature of departmental stores?

• Centralized buying with decentralized selling

• Limited product range

• Only one type of merchandise

• No fixed prices

Which type of retailer is known for automatic selling?

• Discount houses

• Vending machines

• Syndicate stores

• Independent stores