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Test your basic knowledge |
Supply Chain Management And Logistics
Start Test
Study First
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. A marketing system that uses a number of different channels and communication methods to serve a target market
Merchant Wholesalers
Breaking Bulk
Hybrid Marketing System
Knowledge Management
2. The series of activities that occurs between the time an order comes into the organization and the time a product goes out the door
Order Processing
Intermediaries' Variety
Merchandise agents/brokers
Value Chain
3. Deliver perishable food and tobacco items to retailers
Creating Assortments
Truck Jobbers
Physical Distribution
Merchandise agents/brokers
4. The process of designing - managing - and improving the movement of products through the supply chain. Includes: purchasing - manufacturing - storage - and transport
Mail-Order
Hybrid Marketing System
Logistics
Knowledge Management
5. Selling a product through all suitable wholesalers or retailers that are willing to stock and sell the product
Enterprise Resource Planning (ERP) Systems
Physical Distribution
Intensive Distribution
Drop Shippers
6. A fee paid in exchange for agreeing to place a manufacturer's products on a retailer's valuable shelf space
Enterprise Resource Planning (ERP) Systems
Disintermediation
Intensive Distribution
Slotting Allowance
7. 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
Exclusive Distribution
Merchant Wholesalers
Disintermediation
Enterprise Resource Planning (ERP) Systems
8. Transactional Functions- contacting - promoting - taking risk - Logistical Functions- physically distributing - storing - sorting - Facilitating Functions- make purchase process easier
Intermediaries
Horizontal Marketing System
Mail-Order
Breaking Bulk
9. Dividing larger quantities of goods into smaller lots in order to meet the needs of buyers
Mail-Order
Conventional Marketing System
Breaking Bulk
Horizontal Marketing System
10. A comprehensive approach to collecting - organizing - storing - and retrieving a firm's information assets
Enterprise Resource Planning (ERP) Systems
Merchant Wholesalers
Wholesaling Intermediaries
Knowledge Management
11. 20% of sales goes towards physical distribution
Channel Intermediaries
Importance of Physical Distribution
Rack Jobbers
Merchant Wholesalers
12. Selling a product only through a single outlet in a particular region
Slotting Allowance
Importance of Physical Distribution
Logistics
Exclusive Distribution
13. Sell through catalogs - telephone - or mail order
Enterprise Resource Planning (ERP) Systems
Exclusive Distribution
Knowledge Management
Mail-Order
14. A channel of distributing in which there is formal cooperation among members at the manufacturing - wholesaling - and retailing levels
Order Processing
Manufacturer Intermediaries
RFID Chip
Vertical Marketing System (VMS)
15. Take orders from and bill retailers for products drop-shipped from manufacturer
Disintermediation
Drop Shippers
Conventional Marketing System
Importance of Physical Distribution
16. Provide products for small-business customers who purchase at wholesaler's location
Cash & Carry Wholesalers
Breaking Bulk
Merchandise agents/brokers
Channel Levels
17. A multiple-level distribution channel in which channel member work independently on one another
Conventional Marketing System
Distribution decisions can create ethical dilemma
Order Processing
Independent Intermediaries
18. Product size - assortment - location - hours of operation
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19. Provide service in exchange for commissions - Manufacturing agents/reps
Merchandise agents/brokers
Intensive Distribution
Channel Levels
Knowledge Management
20. 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
Manufacturer Intermediaries
Rack Jobbers
Distribution decisions can create ethical dilemma
Order Processing
21. To accept legal ownership of a product and assume the accompanying rights and responsibilities ownership
Truck Jobbers
Take Title
Logistics
Mail-Order
22. Providing a variety of products in one location to meet the needs of buyers
Creating Assortments
Independent Intermediaries
Rack Jobbers
Hybrid Marketing System
23. The elimination of some layers of the channel of distribution in order to cut costs and improve the efficiency of the channel
Conventional Marketing System
Disintermediation
Vertical Marketing System (VMS)
Slotting Allowance
24. Channel intermediaries that are not controlled by any manufacturer but instead do business with many different manufacturers and many different customers
Independent Intermediaries
Channel Levels
Breaking Bulk
Physical Distribution
25. The activities that move finished goods from manufacturers to final customers - including order processing - warehousing - materials handling - transportation - and inventory control
Conventional Marketing System
Physical Distribution
Distribution decisions can create ethical dilemma
Independent Intermediaries
26. Merchant wholesalers - merchanidse agents/brokers
Merchandise agents/brokers
Independent Intermediaries
Enterprise Resource Planning (ERP) Systems
Rack Jobbers
27. An arrangement within a channel of distribution in which two or more firms at the same channel level work together for a common purpose
Selective Distribution
Distribution decisions can create ethical dilemma
Horizontal Marketing System
Creating Assortments
28. Firms or individuals such as wholesalers - agents - brokers - or retailers who help move a product from the producer to the consumer or business user
Value Chain
Intensive Distribution
Knowledge Management
Channel Intermediaries
29. Firms that handle the flow of products from the manufacturer to the retailer or business user
Wholesaling Intermediaries
Importance of Physical Distribution
Truck Jobbers
Channel Intermediaries
30. Radio Frequency Identification
RFID Chip
Exclusive Distribution
Selective Distribution
Manufacturer Intermediaries
31. Provide retailers with display units - check inventories - and replace merchandise for the retailers
Rack Jobbers
Physical Distribution
Wholesaling Intermediaries
Merchandise agents/brokers
32. Distribution using fewer outlets than intensive distribution but more than exclusive distribution
Selective Distribution
Intensive Distribution
Independent Intermediaries
Independent Intermediaries
33. 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
Supply Chain
Creating Assortments
Merchant Wholesalers
Channel Intermediaries
34. Intermediaries that buy goods from manufacturers (take title) and sell to retailers and other B2B customers.
Independent Intermediaries
Merchant Wholesalers
Channel Leader
Hybrid Marketing System
35. 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
Take Title
Channel Leader
Logistics
Cash & Carry Wholesalers
36. Slotting allowance - Size of channel intermediaries
Vertical Marketing System (VMS)
Distribution decisions can create ethical dilemma
Enterprise Resource Planning (ERP) Systems
Drop Shippers
37. The number of distinct categories of intermediaries that populate a channel of distribution
Selective Distribution
Channel Levels
Merchandise agents/brokers
Channel Intermediaries
38. 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
Slotting Allowance
Independent Intermediaries
Mail-Order
Value Chain