Roles of Wholesaler - SS1 Economics Past Questions & Answers - page 1

1

What is the primary role of a wholesaler?

A

Selling goods directly to end consumers

B

Purchasing goods in large quantities from manufacturers

 

C

Providing transportation services to retailers

 

D

Offering credit and financing to retailers

CORRECT OPTION: b
2

What does it mean to "break bulk"?

A

Selling goods directly to end consumers

B

Purchasing goods in large quantities from manufacturers

 

C

Breaking down goods into smaller quantities for sale to retailers

 

D

Offering credit and financing to retailers

 

CORRECT OPTION: c
3

What service may a wholesaler provide to retailers?

A

Manufacturing goods

B

Purchasing goods from retailers

C

Providing transportation services

 

D

Selling goods directly to end consumers

CORRECT OPTION: c
4

What is the main difference between a wholesaler and a retailer?

 

A wholesaler purchases goods in bulk from manufacturers and sells them to retailers, while a retailer sells goods directly to end consumers.

5

Enumerate 2 key roles of a wholesaler.

 

  • Breaking bulk: Wholesalers buy goods in large quantities and then break them down into smaller quantities for sale to retailers, making it easier for retailers to purchase the amount they need.
  • Transportation: Wholesalers may provide transportation services to retailers, delivering goods directly to their stores.

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