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