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Auxiliaries to Trade Quiz

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Questions and Answers

What is the role of a wholesaler in relation to warehousing?

Purchasing goods in small quantities from the producer

Providing warehousing services for manufacturers and retailers (correct)

Selling goods exclusively to retailers

Transporting goods directly to consumers

How does a wholesaler contribute to maintaining price stability?

By only dealing with one type of good

By selling goods at fluctuating prices

By balancing supply and demand factors (correct)

By increasing prices for retailers

What is one of the functions performed by a wholesaler in the context of warehousing?

Directly advertising to consumers

Providing financing to retailers

Assembling products (correct)

Manufacturing goods

In what way does a wholesaler act as a link between manufacturers and retailers?

By providing direct information about the market to manufacturers Signup and view all the answers

Why is warehousing important for wholesalers?

To store goods and manage inventory efficiently Signup and view all the answers

What type of goods does a wholesaler typically deal with?

Only one or few types of goods Signup and view all the answers

How does a wholesaler help manufacturers in terms of market information?

By providing direct information about the market conditions Signup and view all the answers

What is a significant financial aspect related to the business of wholesaling?

Needing a large amount of capital investment Signup and view all the answers

What type of services do wholesalers provide to manufacturers and retailers?

Valuable services related to distribution and storage Signup and view all the answers

What risk do wholesalers take in the distribution process?

Risk in purchasing goods and distributing them Signup and view all the answers