Wholesale Trade — Practice Quiz
ICSE · Class 11 · Commerce
Try a 4-question quiz on Wholesale Trade for ICSE Class 11 Commerce: tap an answer to check it and see why. 65 questions in the full chapter test.
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Quick Quiz: Wholesale Trade
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What is wholesale trade?
What is the main position of a wholesaler in the chain of middlemen?
Which business activity is classified as internal trade?
Which of the following is one broad category of internal trade?
Sample Questions
What does a wholesaler usually buy from producers?
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Goods in bulk quantities
A wholesaler buys goods from producers in bulk quantities.
To whom does a wholesaler usually sell goods?
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Retailers
A wholesaler sells goods to retailers, usually in small quantities.
Which statement best describes the wholesaler's identity?
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He is neither a manufacturer nor a retailer
A true wholesaler acts as a link between the two and is neither a manufacturer nor a retailer.
Which of the following is a service that wholesalers provide to retailers?
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Credit facility
Wholesalers usually provide credit facilities to retailers, allowing payment after sales are made.
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