Take this short quiz to see how much you already know about the wholesale distribution business. 

1.         When you sell a product for more than you paid for it you are making a profit.
            ___ TRUE  ___ FALSE


2.         Wholesale distributors have a lot of leeway in giving discounts in order to land the sale and earn a profit.
            ___ TRUE  ___ FALSE


3.         As long as we break even or make a small profit every year, the company can stay in business forever.
            ___ TRUE  ___ FALSE


4.         The best way to make a profit is to add-line items to a sale.
            ___ TRUE  ___ FALSE


5.         The more sales transactions we make the more profit we can make.
            ___ TRUE  ___ FALSE


6.         Gross margin per sale is more important than gross margin dollars per sale.
            ___ TRUE  ___ FALSE


7.         Most distribution businesses make a 20% to 25% net profit.
            ___ TRUE  ___ FALSE


8.         When you give a discount it’s good to remember that you can make it up in volume.
            ___ TRUE  ___ FALSE


9.         Inventory never really loses its value.
                  ___ TRUE  ___ FALSE


10.       Learning how to avoid giving price concessions can help build profits.
            ___ TRUE  ___ FALSE