Tag: kinds of mercantile agents or agent middlemen

Questions Related to kinds of mercantile agents or agent middlemen

Wholesalers may have control over retailers, but they do not sell to end-customers.

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. True

  2. False

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Correct Option: A
Explanation:

In product development, an end user (sometimes end-user) is a person who ultimately uses or is intended to ultimately use a product.In information technology, end users are not "customers" in the usual sense—they are typically employees of the customer.

_________ distribution occurs between a producer and industrial users of raw materials needed for the manufacture of finished products.

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. Customer-to-customer (C2C)

  2. Business-to-business (B2B)

  3. Business-to-customer (B2C)

  4. Customer-to-Business (C2B)

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Correct Option: B
Explanation:

Business-to-business is a situation where one business makes a commercial transaction with another. This typically occurs when: A business is sourcing materials for their production process for output .Example- Providing raw material to the other company that will produce output

A distribution channel is a ______ in business. 

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. optional

  2. privilege

  3. necessity

  4. none of the above

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Correct Option: C
Explanation:

Distribution is one of the four elements of the marketing mix. Distribution is the process of making a product or service available for the consumer or business user who needs it. This can be done directly by the producer or service provider, or using indirect channels with distributors or intermediaries.

In the case of corporate trade payments, the link between the banks of the buyer and the seller is the _________.

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. EFT

  2. Lock boxes

  3. Automated clearing houses

  4. Wire transfers

  5. Both (A) and (D) above

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Correct Option: C
Explanation:

In the case of corporate trade payments, the payment information from the payer is electronically transferred to an Automated Clearing House (ACH) which is a link between the banks of the buyer and the seller.

______________ generally take title of the goods and bear the business risks by purchasing and selling the goods in their own name.

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. Brokers

  2. Wholesalers

  3. Retailers

  4. Manufacturers

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Correct Option: B

Which of the following is not true in relation to wholesalers?

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. Wholesalers serve as an important link between manufacturers and retailers.

  2. Most of the functions performed by wholesalers are such which can be eliminated.

  3. They generally take title of the goods and bear the business risks by purchasing and selling the goods in their own name

  4. Both B and C

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Correct Option: B

Purchase and sale of goods and services in large quantities, for the purpose of resale or intermediate use is referred to as _______________.

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. internal trade

  2. wholesale trade

  3. retail trade

  4. inter state sale

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Correct Option: B

_________ not only enable(s) the producers to reach large number of buyers spread over a wide geographical area.

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. Wholesaler

  2. Retailer

  3. Government

  4. All of the above

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Correct Option: A
Explanation:

Wholesaling, jobbing, or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional, or other professional business users; or to other wholesalers and related subordinated services. In general, it is the sale of goods to anyone other than a standard consumer.

A wholesaler may be an individual or otherwise a firm.

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. True

  2. False

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Correct Option: A
Explanation:

Wholesaling, jobbing, or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional, or other professional business users; or to other wholesalers and related subordinated services. In general, it is the sale of goods to anyone other than a standard consumer.

If there are no wholesalers, the functions which they perform shall have to be performed either by the manufacturers or the retailers.

business organisation and correspondence middlemen 1 - wholesaler characteristics of wholesale trade kinds of mercantile agents or agent middlemen wholesale trade characteristics, necessity, services and survival of a wholesaler

  1. True

  2. False

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Correct Option: A
Explanation:

Manufacturers mainly focus on production and creating products or finished goods. Manufacturers rarely sell their products directly to consumers or the end users of the products. Instead, manufacturers usually sell their products to other businesses down the chain like a retailer, dealer, or wholesaler.