Question 1

Wholesalers who own the merchandise they sell but do not physically handle,stock,or deliver it are referred to as __________.

Accepted Answer

Drop shippers are wholesalers who own the merchandise they sell but do not physically handle, stock, or deliver it. Instead, they ship the products directly from their suppliers to their customers.

Question 2

shippers

Accepted Answer

Shippers own the merchandise they sell but do not physically handle, stock, or deliver it. They typically contract with third-party logistics providers to handle these functions.

Question 3

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 relatively narrow range of products but has an extensive assortment within the product lines carried. Other options such as general merchandise wholesaler, limited-service wholesaler, cash and carry wholesaler, and drop shipper do not necessarily offer extensive assortments within specific product lines.

Question 4

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 limited-service wholesaler that furnishes shelves and displays merchandise in stores, performs all channel functions, and sells on consignment to retailers is referred to as a rack jobber. Stack loader, drop shipper, desk jobber, and truck jobber refer to different types of wholesalers with distinct roles and functions.

Question 5

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

Accepted Answer

Specialty merchandise wholesalers offer a wide range of products within a specific category or industry, and provide full-service offerings such as product information, delivery, and financing options. The other options listed (cash and carry wholesaler, rack jobbers, truck jobbers, and drop shippers) are all types of limited-service wholesalers with more specific functions or restrictions.

Question 6

jobbers refer to wholesalers who

Accepted Answer

The answer of jobbers refer to wholesalers who
...

Question 7

and carry wholesalers

Accepted Answer

Cash and carry wholesalers typically handle products like office supplies, electrical supplies, hardware products, and groceries, which are often sold in bulk to retailers or business customers.

Question 8

four major types of limited-service merchant wholesalers are drop shippers,rack jobbers,truck jobbers,and __________.

Accepted Answer

Cash and carry wholesalers are a type of limited-service merchant wholesaler that sells goods to customers on a cash basis and requires them to transport the goods themselves. This type of wholesaler is popular among retailers who are looking to save money by purchasing smaller quantities of goods without having to pay for shipping or delivery. Drop shippers, rack jobbers, and truck jobbers are also types of limited-service merchant wholesalers, but they each have specific characteristics that differentiate them from cash and carry wholesalers.

Question 9

Wholesalers who take title to merchandise but sell only to buyers who call on them,pay cash for merchandise,and furnish their own transportation for merchandise are referred to as __________.

Accepted Answer

The description given in the question matches the characteristics of cash and carry wholesalers who take title to the merchandise but sell only to buyers who pay cash, call on them, and furnish their own transportation for merchandise.

Question 10

four major types of limited-service merchant wholesalers are rack jobbers,cash and carry wholesalers,truck jobbers,and __________.

Accepted Answer

Desk jobbers are another type of limited-service merchant wholesaler, similar to rack jobbers, cash and carry wholesalers, and truck jobbers.

Question 11

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

Accepted Answer

The answer of Which type of wholesaler traditionally sells hosiery,toys,and...

Question 12

wholesalers most prevalent in the hardware,drug,and clothing industries would be _________.

Accepted Answer

The answer of wholesalers most prevalent in the hardware,drug,and clothing...

Question 13

four major types of limited-service merchant wholesalers are cash and carry wholesalers,drop shippers,truck jobbers,and __________.

Accepted Answer

Rack jobbers are the fourth major type of limited-service merchant wholesalers. They specialize in supplying retailers with a specific category of merchandise, such as snacks or magazines, and ensure their products are prominently displayed on racks in the retail store. Display vendors, point of purchase wholesalers, and transport vendors are not types of limited-service merchant wholesalers. Cash and carry wholesalers require their customers to transport their own products, while drop shippers and truck jobbers handle the transportation of goods themselves.

Question 14

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. The other options do not necessarily carry a narrow range of products or perform all channel functions. A general merchandise wholesaler carries a wide range of products, a truck jobber typically only delivers products, a rack jobber supplies and services display racks in retail stores, and a drop shipper ships products directly to customers on behalf of retailers.

Question 15

Specialty merchandise wholesalers

Accepted Answer

Specialty merchandise wholesalers offer a relatively narrow range of products but have an extensive assortment within the product lines they carry. They specialize in specific types of products such as seafood, office supplies, or fabrics rather than carrying a broad assortment.

Question 16

and carry wholesalers refer to wholesalers who

Accepted Answer

Carry wholesalers take title to merchandise but sell only to buyers who call on them, pay cash for merchandise, and furnish their own transportation for merchandise.

Question 17

four major types of limited-service merchant wholesalers are rack jobbers,cash and carry wholesalers,truck jobbers,and _________.

Accepted Answer

The other options listed are not typically considered types of limited-service merchant wholesalers. Drop shippers are wholesalers who do not carry inventory, but instead take orders from customers and have the manufacturer or another wholesaler ship the product directly to the customer.

Question 18

limited-service wholesaler who performs all channel functions,and sells on consignment to retailers,which means they retain the title to the products displayed and bill retailers only for the merchandise sold is a _________.

Accepted Answer

The description matches that of a rack jobber, who supplies and restocks merchandise in retail stores on consignment. The other options do not fit the given criteria.

Question 19

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

Accepted Answer

The answer of wholesalers that perform all channel functions and...

Question 20

four major types of limited-service merchant wholesalers are drop shippers,rack jobbers,cash and carry wholesalers,and __________.

Accepted Answer

The three options mentioned in the question are drop shippers, rack jobbers, and cash and carry wholesalers. The fourth option that completes the list of four major types of limited-service merchant wholesalers is truck jobbers.

Quiz 16: Retailing and Wholesaling