Test your basic knowledge |

Supply Chain Management And Logistics

Subject : business-skills
Instructions:
  • Answer 38 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Dividing larger quantities of goods into smaller lots in order to meet the needs of buyers






2. Selling a product through all suitable wholesalers or retailers that are willing to stock and sell the product






3. All the activities necessary to turn raw materials into a good or service and put it in the hands of the consumer or business customer






4. Firms that handle the flow of products from the manufacturer to the retailer or business user






5. Firms or individuals such as wholesalers - agents - brokers - or retailers who help move a product from the producer to the consumer or business user






6. Channel intermediaries that are not controlled by any manufacturer but instead do business with many different manufacturers and many different customers






7. Provide retailers with display units - check inventories - and replace merchandise for the retailers






8. Transactional Functions- contacting - promoting - taking risk - Logistical Functions- physically distributing - storing - sorting - Facilitating Functions- make purchase process easier






9. Merchant wholesalers - merchanidse agents/brokers






10. Sales Branches- carry inventory - provide sales and service support - Sales Offices-similar to agents - do not carry inventory but provide selling functions - Manufacturers Showrooms- permanent product displays for customers to visit






11. 20% of sales goes towards physical distribution






12. A software system that integrates info from across the entire company - including finance - order fulfillment - manufacturing - and transportation and then facilitates sharing of the data throughout the firm






13. A comprehensive approach to collecting - organizing - storing - and retrieving a firm's information assets






14. Take orders from and bill retailers for products drop-shipped from manufacturer






15. Deliver perishable food and tobacco items to retailers






16. Intermediaries that buy goods from manufacturers (take title) and sell to retailers and other B2B customers.






17. A multiple-level distribution channel in which channel member work independently on one another






18. A channel of distributing in which there is formal cooperation among members at the manufacturing - wholesaling - and retailing levels






19. Slotting allowance - Size of channel intermediaries






20. A marketing system that uses a number of different channels and communication methods to serve a target market






21. Radio Frequency Identification






22. The elimination of some layers of the channel of distribution in order to cut costs and improve the efficiency of the channel






23. Provide products for small-business customers who purchase at wholesaler's location






24. A fee paid in exchange for agreeing to place a manufacturer's products on a retailer's valuable shelf space






25. The activities that move finished goods from manufacturers to final customers - including order processing - warehousing - materials handling - transportation - and inventory control






26. The number of distinct categories of intermediaries that populate a channel of distribution






27. The series of activities that occurs between the time an order comes into the organization and the time a product goes out the door






28. Selling a product only through a single outlet in a particular region






29. Sell through catalogs - telephone - or mail order






30. A firm at one level of distribution that takes a leadership role - establishing operating norms and processes based on its power relative to other channel members






31. A series of activities involved in designing - producing - marketing - delivering - and supporting any product. -Each link in the chain has the potential to either add or remove value from the product the customer eventually buys






32. Providing a variety of products in one location to meet the needs of buyers






33. The process of designing - managing - and improving the movement of products through the supply chain. Includes: purchasing - manufacturing - storage - and transport






34. Provide service in exchange for commissions - Manufacturing agents/reps






35. Product size - assortment - location - hours of operation

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36. An arrangement within a channel of distribution in which two or more firms at the same channel level work together for a common purpose






37. Distribution using fewer outlets than intensive distribution but more than exclusive distribution






38. To accept legal ownership of a product and assume the accompanying rights and responsibilities ownership