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Question (1)

QN0024462

Which of the following best defines a wholesale market?

(A) A market where goods are sold only to final consumers
(B) A market where goods are bought and sold in large quantities
(C) A market where only imported goods are sold
(D) A market where only services are provided

Correct Answer: B

Explanation:

Wholesale markets deal in bulk quantities.

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Question (2)

QN0024463

A retail market is a market where goods are mainly sold to

(A) wholesalers.
(B) manufacturers.
(C) final consumers.
(D) exporters.

Correct Answer: C

Explanation:

Retailers sell directly to consumers.

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Question (3)

QN0024464

Who usually purchases goods directly from producers in large quantities?

(A) Consumer
(B) Retailer
(C) Wholesaler
(D) Courier

Correct Answer: C

Explanation:

Wholesalers buy goods in bulk from producers.

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Question (4)

QN0024465

Which of the following is the primary function of a retailer?

(A) Manufacturing goods
(B) Selling goods directly to consumers
(C) Exporting products
(D) Producing raw materials

Correct Answer: B

Explanation:

Retailers are the final link before consumers.

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Question (5)

QN0024466

A farmer harvests 15 tonnes of wheat. Which buyer is most likely to purchase the entire quantity at one time?

(A) Household consumer
(B) Retailer selling vegetables
(C) Wholesaler
(D) Tourist

Correct Answer: C

Explanation:

Wholesalers purchase goods in bulk.

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Question (6)

QN0024467

A grocery shop purchases 200 packets of biscuits from a wholesaler and sells them one packet at a time. The grocery shop is acting as a

(A) producer.
(B) retailer.
(C) manufacturer.
(D) exporter.

Correct Answer: B

Explanation:

Retailers sell goods in small quantities to consumers.

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Question (7)

QN0024468

Why do wholesalers generally require large warehouses?

(A) To manufacture products
(B) To store goods purchased in bulk
(C) To repair damaged products
(D) To advertise products

Correct Answer: B

Explanation:

Bulk purchases require large storage facilities.

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Question (8)

QN0024469

Which type of market generally sells goods in small quantities?

(A) Wholesale market
(B) Retail market
(C) Export market
(D) International market

Correct Answer: B

Explanation:

Retail markets serve individual consumers.

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Question (9)

QN0024470

A wholesaler purchases 8,000 kg of rice from farmers and supplies it to 40 retailers. What is the wholesaler's main role?

(A) Consuming the rice
(B) Producing rice
(C) Distributing goods in bulk
(D) Importing rice

Correct Answer: C

Explanation:

Wholesalers distribute goods to retailers.

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Question (10)

QN0024471

Which of the following is most likely to buy goods from a wholesaler?

(A) A family buying groceries
(B) A neighbourhood grocery shop
(C) A school student
(D) A tourist

Correct Answer: B

Explanation:

Retailers obtain stock from wholesalers.

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Question (1)

Which of the following best defines a wholesale market?

Explanation:

Link:

Question (2)

A retail market is a market where goods are mainly sold to

Explanation:

Link:

Question (3)

Who usually purchases goods directly from producers in large quantities?

Explanation:

Link:

Question (4)

Which of the following is the primary function of a retailer?

Explanation:

Link:

Question (5)

A farmer harvests 15 tonnes of wheat. Which buyer is most likely to purchase the entire quantity at one time?

Explanation:

Link:

Question (6)

A grocery shop purchases 200 packets of biscuits from a wholesaler and sells them one packet at a time. The grocery shop is acting as a

Explanation:

Link:

Question (7)

Why do wholesalers generally require large warehouses?

Explanation:

Link:

Question (8)

Which type of market generally sells goods in small quantities?

Explanation:

Link:

Question (9)

A wholesaler purchases 8,000 kg of rice from farmers and supplies it to 40 retailers. What is the wholesaler's main role?

Explanation:

Link:

Question (10)

Which of the following is most likely to buy goods from a wholesaler?

Explanation:

Link:

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