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