Question 1

Which of the following is a type of full-service merchant wholesaler?

Accepted Answer

Specialty merchandise wholesalers are considered full-service merchant wholesalers because they offer a wide range of services, including inventory management, marketing support, and customer service.

Question 2

Merchant wholesalers are independently owned firms that ________ the merchandise they handle.

Accepted Answer

Merchant wholesalers take title to the merchandise they handle, meaning they own the products they sell.

Question 3

Which of these is a type of full-service merchant wholesaler?

Accepted Answer

Specialty merchandise wholesalers are considered full-service merchant wholesalers as they offer a wide range of services including inventory management, marketing, and sales support.

Question 4

A limited-service wholesaler that furnishes shelves that display merchandise in stores, performs all channel functions, and sells on consignment to retailers is referred to as a

Accepted Answer

A rack jobber is a type of limited-service wholesaler who provides shelves for merchandise in stores, performs all channel functions, and sells on consignment to retailers.

Question 5

General merchandise wholesalers

Accepted Answer

General merchandise wholesalers carry a broad assortment of merchandise and perform all channel functions, including stocking, handling, and delivering products.

Question 6

Rack jobbers are wholesalers that

Accepted Answer

Rack jobbers are wholesalers that provide shelving for merchandise in retail stores, perform all channel functions, and sell on consignment to retailers.

Question 7

Independently owned firms that take title to the merchandise they handle are referred to as

Accepted Answer

Merchant wholesalers are independently owned firms that take title to the merchandise they handle, meaning they own the products they sell.

Question 8

The wholesalers that perform all channel functions and are found in the health foods, automotive parts, and seafood industries would be

Accepted Answer

Specialty wholesalers are wholesalers that perform all channel functions and are found in specific industries, such as health foods, automotive parts, and seafood.

Question 9

The two prominent types of limited-service merchant wholesalers are rack jobbers and

Accepted Answer

Cash and carry wholesalers are a type of limited-service merchant wholesaler that sell goods to retailers and other businesses without providing delivery services.

Question 10

Cash and carry wholesalers

Accepted Answer

Cash and carry wholesalers take title to merchandise, sell to buyers who visit them, require cash payment, and buyers must arrange their own transportation.

Question 11

A store chain is looking for a wholesaler to furnish its health and beauty display shelves, perform all channel functions, and sell to it on consignment. Which of these would be the wisest wholesaler choice for its requirements?

Accepted Answer

A rack jobber is the best choice because they specialize in maintaining and stocking display shelves, perform all channel functions, and often sell on consignment, which aligns with the store chain's requirements.

Question 12

A limited-service wholesaler that performs all channel functions and sells on consignment to retailers, which means it retains the title to the products displayed and bills retailers only for the merchandise sold, is a

Accepted Answer

A rack jobber is a type of limited-service wholesaler that retains title to the products it displays in retail stores and bills the retailers only for the merchandise that is sold.

Question 13

Wholesalers that take title to merchandise but sell only to buyers that call on them, pay for and move/take away the merchandise themselves are referred to as

Accepted Answer

Cash and carry wholesalers take title to goods and sell to buyers who pay cash and transport the goods themselves.

Question 14

A wholesaler that carries a narrow range of products and performs all channel functions is referred to as a

Accepted Answer

A specialty merchandise wholesaler carries a narrow range of products and performs all channel functions, focusing on specific product categories.

Question 15

The wholesalers most prevalent in the hardware, drug, and clothing industries are

Accepted Answer

The answer of The wholesalers most prevalent in the hardware,...

Question 16

Specialty merchandise wholesalers

Accepted Answer

Specialty merchandise wholesalers offer a narrow range of products but have an extensive assortment within those product lines, focusing on specific categories.

Question 17

Wholesalers that carry a broad assortment of merchandise and perform all channel functions are referred to as a

Accepted Answer

General merchandise wholesalers carry a wide range of products and perform all channel functions, unlike specialized or limited-line wholesalers.

Question 18

Which type of wholesaler traditionally sells hosiery, toys, and health and beauty items?

Accepted Answer

Rack jobbers traditionally sell items like hosiery, toys, and health and beauty products, often managing inventory and stocking shelves in retail stores.

Question 19

Selling on consignment to retailers, which means they retain the title to the products displayed and bill retailers only for the merchandise sold, is characteristic of which limited-service wholesaler?

Accepted Answer

Rack jobbers are limited-service wholesalers who retain title to the products they display in retail stores and bill retailers only for the merchandise sold.

Question 20

Which type of wholesaler offers a relatively narrow range of products but has an extensive assortment within the product lines carried?

Accepted Answer

A specialty merchandise wholesaler offers a narrow range of products but has an extensive assortment within the product lines they carry, focusing on specific categories.

Quiz 16: Retailing and Wholesaling