Middlemen 1 - wholesaler - class-XI
Description: middlemen 1 - wholesaler | |
Number of Questions: 42 | |
Created by: Blackmamba | |
Tags: middlemen 1 - wholesaler business and industry internal trade business organisation and correspondence wholesale trade channels of distribution business studies commerce |
Wholesalers may have control over retailers, but they do not sell to end-customers.
_________ distribution occurs between a producer and industrial users of raw materials needed for the manufacture of finished products.
A distribution channel is a ______ in business.
In the case of corporate trade payments, the link between the banks of the buyer and the seller is the _________.
______________ generally take title of the goods and bear the business risks by purchasing and selling the goods in their own name.
Which of the following is not true in relation to wholesalers?
Purchase and sale of goods and services in large quantities, for the purpose of resale or intermediate use is referred to as _______________.
_________ not only enable(s) the producers to reach large number of buyers spread over a wide geographical area.
A wholesaler may be an individual or otherwise a firm.
If there are no wholesalers, the functions which they perform shall have to be performed either by the manufacturers or the retailers.
A distribution system is said to be ______ when the product or service leaves the producer and goes directly to the customer with no middlemen involved.
A distribution channel in marketing refers to the path or route through which goods and services travel to get from the place of production or manufacture to the final users.
The companys product-mix influences the pattern of channels. This is substantiated from the which of the following?
An agent facilitates to reduce the distance between the manufacturer and the wholesaler. This is under which type of channel?
Market influences the choice of channels of distribution. Identify the factors related to market.
When the manufacturer instead of selling the goods to the intermediary sells it directly to the consumer then this is known as ___.
Today's large, progressive wholesalers have successfully reacted to rising costs by ________.
Who plays their significant role in distribution of goods though they do not sell directly to ultimate users or consumers?
Which of the following is true in relation to wholesale trade?
Wholesalers take delivery of goods when these are produced in factory and keep them in their godowns/warehouses. This is the service of storage given to manufacturers.
Identify the argument against elimination of wholesalers.
Wholesalers increase the cost of marketing and price of the products goes up. State whether this is an argument which favors elimination of wholesalers.
The wholesalers facilitate ____ of production activity throughout the year by purchasing the goods as and when these are produced.
Examples of middlemen include ______.
Which of the following is a non-trading association?
Advising the manufacturers about various aspects including customers' tastes and preferences, market conditions, competitive activities and the features preferred by the buyers is one of the services given by the wholesaler. Identify the service.
Wholesaling is concerned with the activities of those persons or establishments which sell to retailers and other merchants, and/or to industrial institutional and commercial users.
Merchant wholesalers are firms engaged primarily in buying, taking title to, storing, and physically handling products.
___________ is/are actively involved in negotiating and other functions of buying and selling while acting on behalf of his/her/their clients.
______ is a special mercantile agent who sells the goods of his principal by auction.
_____ and agents are closer to the producers.
______ has full authority to perform all functions relating to the business on behalf of his principal.
A mercantile agent possesses which of the following characteristics?
As the goods are exchanged from one intermediary to the other, their prices _____.
________ guarantees his principal for the payment for all the goods he sells irrespective of the payment received by him or not.
The wholesalers normally make forward dealing with the supply goods with the producer. This relieves the manufacturers from ______.
In which wholesaler's channel function might wholesalers provide quicker delivery to buyers because they are closer than the producers?
Wholesalers undertake advertisements and other sales promotional activities to induce customers to purchase the goods. The function performed by the wholesalers is ____.
Facilitating large scale production is one of the services of wholesalers to manufacturers. What do wholesalers do through this function?
Which of the following is referred to as 'Voluntary chains?'
An agent middleman is one who _______.
What service of wholesalers helps the retailers in managing their business with relatively small amount of working capital?