Whole Sale Trade Flashcards
Define a wholesaler and list down his characteristics.
Wholesale trade means buying and selling of goods in large quantities. Wholesalers buy goods from producers in order to sell them in small quantities to theshopkeepers/retailers.
(1)(Characteristics)Sale of goods in small quantity(ii) Purchases of goods in large quantity(iii) Less profit margin(iv) Grading of goodsQ.2
What are the functions and services of a wholesaler.
Ans. (i) Middleman between producer and retailer(ii) Storage facility(iii) Advance order to producer(iv) Stability in prices
(v) Grading of goods (vi) Credit facility to retailers (vii) Immediate delivery of goods
EWhat is meant by a manufacturer wholesaler.Ans.
These wholesalers manufacture goods and also distribute them to retailers. Thus they combine the functions of manufacturer and wholesaler. By combining both the functions, they reduce their overhead expenses.Q.
4 What is meant by a merchant wholesaler. Ans.
These wholesalers purchase goods on large scale from manufacturer and sell them to consumer on retail basis on their own shops. In this method, they combine the functions of wholesaler and retailer and save retailer’s commission.
What is meant by a proper wholesaler. Ans.
These wholesalers are engaged only in the work of wholesale. They purchase goods in bulk from manufacturer and sell them to retailers.
Define a general and specialized wholesaler. Q.6 Ans.
General Wholesaler: These wholesalers deal in variety of goods like furniture, sports goods, electronics and drugs etc. The retailer can purchase goods of various qualities according to his choice and need from one shop.
Specialized Wholesaler:Wholesalers, who deal in only one particular commodity like electronics or furniture etc. are known as specialized wholesalers.ted.
State the difference between importer and exporter wholesaler.Ans.
Exporter Wholesaler:These wholesalers are engaged in exporting the goods of different manufacturers. They establish trade links the profit of both wholesaler and producer. with foreign countries to export goods, which increases
Importer Wholesaler:These wholesalers import raw materials and other goods from abroad and supply them to differentinstitutions and factories.Q.8
Define limited wholesaler and list down its types. Ans.
Some wholesalers do not perform full functions of wholesaler. They do and perform only those functions,which they think more profitable
(i) Rack jobbers
(ii) Cash-and-carry
(iii) Drop shippers / Desk jobbers
(iv) Truck jobbers
