Question 1

Supply chain management manages the movement of relevant information as well as the movement of parts and finished goods through all organizations involved in the supply chain.

Accepted Answer

Supply chain management involves managing both the flow of physical products and materials, as well as the flow of information between all organizations involved in the supply chain.

Question 2

Supply chain management not only deals with the movement of materials,parts,and finished goods,it also manages the return of goods and recycling of materials when appropriate.

Accepted Answer

This statement is true. Supply chain management includes managing the flow of goods both in and out of the organization, which includes the return and recycling of materials when necessary.

Question 3

Wholesaler-sponsored chains consist of stores that are all owned by a single corporation.

Accepted Answer

Wholesaler-sponsored chains consist of stores that are owned by independent retailers who agree to band together under a common franchisor, not a single corporation.

Question 4

Retailers agree to cooperate with producers in administered distribution systems because the producers provide extensive marketing services to the retailer for free.

Accepted Answer

In administered distribution systems, the producers often provide extensive marketing services to the retailer for free, and in return, the retailer agrees to cooperate with the producers. This can include advertising, promotions, product displays, and even training for sales staff. By working together, the producer and the retailer can help increase sales and build brand recognition.

Question 5

Franchise systems,wholesaler-sponsored chains,and retail cooperatives are all forms of contractual distribution systems.

Accepted Answer

Franchise systems, wholesaler-sponsored chains, and retail cooperatives all involve contractual agreements between parties for the distribution of goods or services.

Question 6

One advantage of a franchise system of distribution is that it results in a consistent level of quality and service.

Accepted Answer

Franchises operate under strict guidelines and standards set by the franchisor, which helps ensure a consistent level of quality and service across all locations.

Question 7

In an administered distribution system,retail stores manage all of the marketing functions at the retail level.

Accepted Answer

In an administered distribution system, the manufacturer or producer manages all marketing functions, including advertising, branding, and pricing decisions, while the retail stores simply act as a distribution point for the products.

Question 8

For a supply chain to be efficient,all of the activities must be performed by organizations that are owned by the manufacturer.

Accepted Answer

An efficient supply chain can involve a wide range of organizations, including suppliers, distributors, logistics providers, and retailers, that are not necessarily owned by the manufacturer. The key is to coordinate these activities and ensure smooth flow of goods and information throughout the chain.

Question 9

Denise Shipman works in the marketing department of a major manufacturing firm.She spends a great deal of time trying to coordinate the movement of materials,parts,finished goods,and information through all of the organizations involved in the distribution process.These activities suggest that Denise's job responsibilities focus on supply chain management.

Accepted Answer

Supply chain management involves coordinating the movement of materials, parts, finished goods, and information through all organizations involved in the distribution process, which is exactly what Denise's job responsibilities entail.

Question 10

The entire collection of organizations that move goods and services from the source of raw materials to the final consumer is referred to as the supply chain.

Accepted Answer

Supply chain refers to the entire process of moving goods and services from the source of raw materials to the final consumer, including all the organizations and activities involved in between.

Question 11

With the current emphasis on product development,pricing,branding,and promotion,the physical distribution of materials and goods is no longer a major concern of marketing.

Accepted Answer

Physical distribution, also known as logistics, is still a crucial element of marketing as it involves the efficient movement of goods from the manufacturer to the end consumer. It involves managing transportation, warehousing, and inventory control, among other aspects that contribute to the overall delivery of the product to the customer.

Question 12

Imaginex Toys,Inc.produces toys designed to stimulate the imaginations of young children.In order to control all of the marketing operations,Imaginex owns all of the organizations in the channel of distribution for its toys,including a chain of Imaginex retail stores.The approach taken by Imaginex is known as an administered distribution system.

Accepted Answer

The answer of Imaginex Toys,Inc.produces toys designed to stimulate the...

Question 13

Hi! Notes Card Shops has been approached by Novel Teas,a producer of herbal teas and exotic spices.Novel Teas wants to sell its products in the Hi! Notes stores under an administered distribution system.If Hi! Notes accepts Novel Teas proposal,it will perform many marketing services for the tea maker in exchange for a flat fee.

Accepted Answer

The answer of Hi! Notes Card Shops has been approached...

Question 14

Trade compliance systems help marketers manage problems with the process of moving goods through customs.

Accepted Answer

Trade compliance systems are designed to help businesses comply with regulations and rules related to the import and export of goods. This includes managing issues with customs, such as ensuring proper documentation and avoiding penalties for non-compliance. Marketers may benefit from using trade compliance systems to streamline the process of moving goods across borders and reduce the risk of delays or other problems.

Question 15

In retail cooperatives,the members of the distribution system are bound to cooperate by a contractual agreement.

Accepted Answer

In retail cooperatives, members are bound by a contractual agreement to cooperate and work towards a shared goal. This agreement helps to ensure that everyone is on the same page and working towards the success of the cooperative as a whole.

Question 16

Because supply chains are so complex,firms have found it difficult to outsource supply chain management.

Accepted Answer

The answer of Because supply chains are so complex,firms have...

Question 17

Logistics involves planning,implementing,and controlling the physical flow of materials,final goods,and related information from points of origin to points of consumption.

Accepted Answer

Logistics is a process of managing the flow of goods and services from the point of origin to the point of consumption. It involves various activities such as procurement, transportation, warehousing, and distribution. The primary goal of logistics is to ensure that the right inputs reach the right place at the right time and in the right quantity to meet customer demand.

Question 18

Lazee Ladd Furniture obtains materials from several suppliers and uses these materials to produce its goods.It relies on several marketing intermediaries to help it distribute the furniture.Together,Lazee Ladd,its suppliers,and the marketing intermediaries are all part of a supply chain.

Accepted Answer

The passage describes the various entities involved in the production and distribution of Lazee Ladd Furniture, all of which make up the supply chain.

Question 19

The process of managing the movement of raw materials,parts,work in progress,finished goods,and related information through all of the organizations involved in the supply chain in a timely manner is called multi-modal management.

Accepted Answer

Multi-modal management refers to the use of different modes of transportation (such as air, sea, rail, road) to move goods through the supply chain. The process of managing the movement of goods and related information through the supply chain is called supply chain management.

Question 20

Even though all of the hardware stores that operate under the name of Hardie's Hardware are independently owned and managed,they have signed an agreement to participate in chain promotions,and cooperate as a unified system of stores.The Hardie's Hardware stores are using a distribution system known as a wholesaler-sponsored chain.

Accepted Answer

The statement correctly describes Hardie's Hardware as participating in chain promotions and using a wholesaler-sponsored chain distribution system.

Quiz 15: Distributing Products