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Chapter 14 of 23
Flashcards

Wholesale Trade

ICSE · Class 11 · Commerce

Flashcards for Wholesale Trade — ICSE Class 11 Commerce. Quick Q&A cards covering key concepts, definitions, and formulas.

65 questions35 flashcards5 concepts

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35 Flashcards
Card 1Meaning of wholesale trade

What is wholesale trade?

Answer

Wholesale trade means buying and selling goods in large quantities. A wholesaler buys goods in bulk from producers or manufacturers and sells them to retailers in smaller quantities.

Card 2Wholesaler

Who is a wholesaler?

Answer

A wholesaler is the first link in the chain of middlemen. He collects goods from producers and sells them to retailers. He is neither a manufacturer nor a retailer; he acts as a link between the two.

Card 3Wholesaler definitions

Define a wholesaler in simple words.

Answer

A wholesaler is a trader who purchases goods in large quantities from manufacturers and sells them to retailers in small quantities.

Card 4Role of wholesaler

Why is the wholesaler called a link between producer and retailer?

Answer

The wholesaler buys goods from producers in bulk and passes them on to retailers in smaller lots. This saves producers from many small orders and helps retailers get goods regularly without directly a

Card 5Definitions of wholesaler

What does the Census Bureau of U.S.A. say about wholesale traders?

Answer

Wholesale traders are merchants, agents and assemblers who intervene between producers on one side and retailers or users on the other.

Card 6Definitions of wholesaler

What is the definition of a true wholesaler by Eyelyn Thomas?

Answer

A true wholesaler is neither a manufacturer nor a retailer but acts as a link between the two.

Card 7Definitions of wholesaler

What is Stanton’s definition of a wholesaler?

Answer

A wholesaler is a trader whose business is the supply of goods of a certain commodity or class to the trade. He buys from producers in large quantities and resells to retailers or other traders in sma

Card 8Definitions of wholesaler

What is the definition of wholesaler given by Cundiff and Still?

Answer

A wholesaler buys and resells merchandise to retailers, other merchants, and industrial, institutional, and commercial users, but does not sell in significant amount to ultimate consumers.

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Frequently Asked Questions

What are the important topics in Wholesale Trade for ICSE Class 11 Commerce?
Wholesale Trade covers several key topics that are frequently asked in ICSE Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Wholesale Trade — ICSE Class 11 Commerce?
Understand the core concepts first, then work through the 65 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many flashcards are available for Wholesale Trade?
There are 35 flashcards for Wholesale Trade covering key definitions, formulas, and concepts. Use them daily for 10–15 minutes for best results.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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