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