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Types of Trade Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Bob sells items to large retail stores. Though Bob is very successful, he really only deals in electronics and sells to larger retailers like Target and Walmart. What is Bob?

Question 2 2. Which one of the following is the best explanation of a merchant intermediary?

Question 3 3. What's one difference between a truck wholesaler and a drop shipper?

Question 4 4. What is the best explanation of a wholesale intermediary?

Question 5 5. Which is the BEST explanation of a functional intermediary?

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Question 6 6. This type of retail trade establishment offers a large, warehouse-type space with a one-stop shopping experience.

Question 7 7. How does an itinerant business differ from a fixed shop?

Question 8 8. By definition, retail trade includes all of the following characteristics EXCEPT which?

Question 9 9. The ability to buy goods via Internet links or telephone order is known as what?

Question 10 10. This type of retail trade establishment has the primary goal of providing goods or services rather than maximizing profits:

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Question 11 11. If you're a business owner looking for a local organization to join, which of these might be a good option?

Question 12 12. This type of organization puts a stronger focus on conferences and trade shows.

Question 13 13. Which of these organizations might be a good fit for a spa business looking for similar industry contacts?

Question 14 14. All of these are potential benefits of joining a chamber of commerce EXCEPT which?

Question 15 15. A trade organization features businesses in the same industry who might also be _____.

Types of Trade Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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