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