Test your basic knowledge |

Supply Chain Management And Logistics

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. Intermediaries that buy goods from manufacturers (take title) and sell to retailers and other B2B customers.






2. 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






3. 20% of sales goes towards physical distribution






4. A comprehensive approach to collecting - organizing - storing - and retrieving a firm's information assets






5. The elimination of some layers of the channel of distribution in order to cut costs and improve the efficiency of the channel






6. Sell through catalogs - telephone - or mail order






7. Deliver perishable food and tobacco items to retailers






8. Provide service in exchange for commissions - Manufacturing agents/reps






9. Distribution using fewer outlets than intensive distribution but more than exclusive distribution






10. 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






11. Product size - assortment - location - hours of operation


12. Selling a product through all suitable wholesalers or retailers that are willing to stock and sell the product






13. 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






14. A channel of distributing in which there is formal cooperation among members at the manufacturing - wholesaling - and retailing levels






15. Provide products for small-business customers who purchase at wholesaler's location






16. Provide retailers with display units - check inventories - and replace merchandise for the retailers






17. Firms or individuals such as wholesalers - agents - brokers - or retailers who help move a product from the producer to the consumer or business user






18. Providing a variety of products in one location to meet the needs of buyers






19. A marketing system that uses a number of different channels and communication methods to serve a target market






20. Transactional Functions- contacting - promoting - taking risk - Logistical Functions- physically distributing - storing - sorting - Facilitating Functions- make purchase process easier






21. The process of designing - managing - and improving the movement of products through the supply chain. Includes: purchasing - manufacturing - storage - and transport






22. The series of activities that occurs between the time an order comes into the organization and the time a product goes out the door






23. Selling a product only through a single outlet in a particular region






24. Merchant wholesalers - merchanidse agents/brokers






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






26. Take orders from and bill retailers for products drop-shipped from manufacturer






27. Radio Frequency Identification






28. Dividing larger quantities of goods into smaller lots in order to meet the needs of buyers






29. 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






30. A multiple-level distribution channel in which channel member work independently on one another






31. To accept legal ownership of a product and assume the accompanying rights and responsibilities ownership






32. The activities that move finished goods from manufacturers to final customers - including order processing - warehousing - materials handling - transportation - and inventory control






33. Channel intermediaries that are not controlled by any manufacturer but instead do business with many different manufacturers and many different customers






34. A fee paid in exchange for agreeing to place a manufacturer's products on a retailer's valuable shelf space






35. 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






36. The number of distinct categories of intermediaries that populate a channel of distribution






37. Slotting allowance - Size of channel intermediaries






38. Firms that handle the flow of products from the manufacturer to the retailer or business user