Question 1

An independently owned wholesaler who purchases, stores, and repackages a product before selling the product to his or her customer is known as a(n)
agent/broker.
contract carrier.
sales branch.
distributor.
merchant wholesaler.

Accepted Answer

The answer of An independently owned wholesaler who purchases, stores,...

Question 2

Online retail sales in Canada are predicted to be approximately _________ in 2015.
$3 billion
$10 billion
$18 billion
$31 billion
$50 billion

Accepted Answer

The answer of Online retail sales in Canada are predicted...

Question 3

Yellowknife Inc. is a small manufacturing company located in the far north of Canada. What transportation mode are they most likely to use?
Trucks
Trains
Planes
Water carriers
Pipelines

Accepted Answer

The answer of Yellowknife Inc. is a small manufacturing company...

Question 4

________ help internet consumers by gathering and sorting information on comparison products and product features.
Electronic retailers
Direct-response sellers
Syndicated sellers
E-agents
Cybermalls

Accepted Answer

The answer of ________ help internet consumers by gathering and...

Question 5

Which of the following modes of transportation is used primarily to transport heavy, bulky items such as cars, steel, and coal?
Air
Pipeline
Trucks
Water
Railroads

Accepted Answer

The answer of Which of the following modes of transportation...

Question 6

What is the appeal of merchandise in a factory outlet?
The outlet stores keep prices low by locating in a low rent area and operating on a cash only basis.
The outlet is organized into different departments such as children's clothing, bedding, drapes, and men's clothing.
The merchandise consists of many brand-name clothing, groceries, and appliances.
Prices are lower because the outlet is owned by the manufacturer and bypasses intermediaries.
Prices are lower because the outlet owners purchase the overstocked merchandise from manufacturers or large chains at a reduced price.

Accepted Answer

The answer of What is the appeal of merchandise in...

Question 7

Which of the following is the oldest form of direct-response retailing?
Mail order
Telemarketing
Electronic retailing
Mail marketing
Direct selling

Accepted Answer

The answer of Which of the following is the oldest...

Question 8

The use of the telephone to sell directly to consumers is called
telemarketing.
mail marketing.
mail order.
direct selling.
electronic retailing.

Accepted Answer

The answer of The use of the telephone to sell...

Question 9

All of the following are advantages of plane transportation except
reduced shipping costs.
speed.
reduced inventory carrying costs.
reduced handling costs.
reduced costs in packing.

Accepted Answer

The answer of All of the following are advantages of...

Question 10

________ refers to the activities needed to move products efficiently from manufacturer to consumer.
Order processing
Customer-service operations
Warehousing goods
Physical distribution
Direct marketing

Accepted Answer

The answer of ________ refers to the activities needed to...

Question 11

Which type of retailing activity is most likely to be found in a suburban shopping mall?
Convenience stores
Specialty stores
Video marketing stores
Wholesalers
Factory outlets

Accepted Answer

The answer of Which type of retailing activity is most...

Question 12

Edna's Bakery produces large cakes for commercial events and weddings. Edna's Bakery is a(n)
convenience store.
one-product store.
specialty store.
off-price store.
variety store.

Accepted Answer

The answer of Edna's Bakery produces large cakes for commercial...

Question 13

How do agents differ from brokers?
Agents receive commissions.
Brokers take title to merchandise, but agents do not.
Brokers provide information services to customers, but agents do not.
Agents take title to merchandise, brokers do not.
Agents deal in the product lines of a few producers usually on a long term basis, whereas brokers match sellers and buyers as needed.

Accepted Answer

The answer of How do agents differ from brokers?
Agents receive...

Question 14

________ are able to deliver a steady flow of product, unaffected by the weather.
Water carriers
Railroads
Trucks
Planes
Pipelines

Accepted Answer

The answer of ________ are able to deliver a steady...

Question 15

Department stores, supermarkets, and specialty stores are all
bargain retailers.
catalog showrooms.
discount houses.
syndicated sellers.
product line retailers.

Accepted Answer

The answer of Department stores, supermarkets, and specialty stores are...

Question 16

Jim Bradley represents several producers and is paid a commission based on invoice values. Which of the following types of intermediaries is Jim?
Wholesaler
Sales office
Sales branch
Agent/broker
Rack jobber

Accepted Answer

The answer of Jim Bradley represents several producers and is...

Question 17

What is the advantage of using trucks as a method of transporting goods?
Lowest rates
Unaffected by weather conditions
Fastest delivery times
Less packaging of the product is required: therefore, packaging costs are lower
Flexibility, dependability, and fast service to most parts of Canada

Accepted Answer

The answer of What is the advantage of using trucks...

Question 18

The two major categories of physical distribution are
transportation and materials handling.
production and operations.
inventory control and quality control.
materials handling and inventory control.
warehousing and transportation.

Accepted Answer

The answer of The two major categories of physical distribution...

Question 19

A wholesale grocer purchases groceries by truckload or railroad boxcar load and then fills individual grocery store orders from inventory. What transportation method will typically be used to ship these grocery orders to supermarkets within a 100-mile radius of the warehouse?
Air
Rail
Water
Pipeline
Truck

Accepted Answer

The answer of A wholesale grocer purchases groceries by truckload...

Question 20

What explains the expanding use of wholesalers?
Delivery time between the producer and the consumer is faster than it used to be.
Wholesalers have a bigger distribution network.
The cost of retail space has risen, thereby creating pressure to limit storage space in retail outlets.
The development of a good truck distribution system and highway system permit quicker delivery of ordered goods.
The order-cycle time has declined.

Accepted Answer

The answer of What explains the expanding use of wholesalers?
Delivery...

Quiz 13: Pricing, Promoting, and Distributing Products

An independently owned wholesaler who purchases, stores, and repackages a product before selling the product to his or her customer is known as a(n) agent/broker. contract carrier. sales branch. distributor. merchant wholesaler.

Online retail sales in Canada are predicted to be approximately _________ in 2015. $3 billion $10 billion $18 billion $31 billion $50 billion

Yellowknife Inc. is a small manufacturing company located in the far north of Canada. What transportation mode are they most likely to use? Trucks Trains Planes Water carriers Pipelines

________ help internet consumers by gathering and sorting information on comparison products and product features. Electronic retailers Direct-response sellers Syndicated sellers E-agents Cybermalls

Which of the following modes of transportation is used primarily to transport heavy, bulky items such as cars, steel, and coal? Air Pipeline Trucks Water Railroads

Which of the following is the oldest form of direct-response retailing? Mail order Telemarketing Electronic retailing Mail marketing Direct selling

The use of the telephone to sell directly to consumers is called telemarketing. mail marketing. mail order. direct selling. electronic retailing.

All of the following are advantages of plane transportation except reduced shipping costs. speed. reduced inventory carrying costs. reduced handling costs. reduced costs in packing.

________ refers to the activities needed to move products efficiently from manufacturer to consumer. Order processing Customer-service operations Warehousing goods Physical distribution Direct marketing

Which type of retailing activity is most likely to be found in a suburban shopping mall? Convenience stores Specialty stores Video marketing stores Wholesalers Factory outlets

Edna's Bakery produces large cakes for commercial events and weddings. Edna's Bakery is a(n) convenience store. one-product store. specialty store. off-price store. variety store.

________ are able to deliver a steady flow of product, unaffected by the weather. Water carriers Railroads Trucks Planes Pipelines

Department stores, supermarkets, and specialty stores are all bargain retailers. catalog showrooms. discount houses. syndicated sellers. product line retailers.

Jim Bradley represents several producers and is paid a commission based on invoice values. Which of the following types of intermediaries is Jim? Wholesaler Sales office Sales branch Agent/broker Rack jobber

What is the advantage of using trucks as a method of transporting goods? Lowest rates Unaffected by weather conditions Fastest delivery times Less packaging of the product is required: therefore, packaging costs are lower Flexibility, dependability, and fast service to most parts of Canada

The two major categories of physical distribution are transportation and materials handling. production and operations. inventory control and quality control. materials handling and inventory control. warehousing and transportation.