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Business Essentials Study Set 7
Quiz 13: Pricing, Promoting, and Distributing Products
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Question 81
Short Answer
Which of the following intermediaries usually receive commissions based on the prices of the goods they sell? Produce markets Wholesalers Retailers Agents All of these
Question 82
Short Answer
When Vancouver-based Uniglobe Travel International books flight reservations, it is an illustration of which channel of distribution? Direct distribution Retail distribution Wholesale distribution Distribution by agents/brokers None of these
Question 83
Short Answer
Why is Wal-Mart an example of retail distribution? Because it is so important on the Canadian retail scene Because it buys products directly from manufacturers Because it employs more retail employees than any other firm Because it uses sales agents only for its sporting goods department Because many industrial buyers shop there
Question 84
Short Answer
A distribution channel is an intermediary who sells products directly to consumers. an intermediary who sells products to other businesses for resale to final consumers. the combination of distribution channels by which a firm gets its products to end-users. an individual or firm that helps to distribute a product. a network of independent companies through which a product passes from producer to end-user.
Question 85
Short Answer
Lawless Container Corp. produces packaging containers and sells them to industrial buyers such as Fisher-Price and Mr. Coffee. Lawless is a channel 1 system. channel 4 system. channel 2 system. channel 3 system. None of these.
Question 86
Short Answer
Goodyear and Levi's have their own retail outlets. This is an example of which distribution channel? Direct distribution Retail distribution Wholesale distribution Distribution by agents Distribution by brokers
Question 87
Short Answer
The Limited is part of a(n) ____________, while IGA is part of a(n) ____________. corporate vertical marketing system; contractual vertical marketing system intensive distribution system; exclusive distribution system administrative vertical marketing system; corporate vertical marketing system exclusive distribution system; selective distribution system contractual vertical marketing system; corporate vertical marketing system
Question 88
Short Answer
The owner of Fiama Electric overheard the manager of a competing firm discussing his new exclusive distribution strategy. You explain to him that this strategy entails distributing the product through as many warehouses and retailers as possible, thereby excluding no one. distributing through the use of a limited number of outlets for a product. only one trucking firm being given the exclusive transportation contract to deliver the products. a firm selecting only those wholesalers and retailers who will give exclusive attention to their product. the manufacturer granting the right to distribute and sell the product to only one wholesaler or retailer in an area.
Question 89
Short Answer
Where must all consumer product distribution channels begin? The industrial user The retailer The government The wholesaler The manufacturer/producer
Question 90
Short Answer
A company like Black & Decker has product lines which do not require intense market exposure to increase sales. Which distribution strategy is it likely to use? Intensive distribution Industrial distribution Discriminatory distribution Exclusive distribution Selective distribution
Question 91
Short Answer
An intermediary is the combination of distribution channels by which a firm gets its products to end-users. a business that sells products to other businesses for resale to final consumers. a business that sells products directly to consumers. an individual or firm that helps to distribute a product. a network of independent companies through which a product passes from producer to end-user.
Question 92
Short Answer
A(n) ________ sells products to a(n) ________ who sells them to customers. retailer; wholesaler wholesaler; intermediary intermediary; wholesaler intermediary; retailer wholesaler; retailer
Question 93
Short Answer
Caramilk bars are an example of _____________ distribution, whereas Jaguar cars are an example of ______________ distribution. exclusive; selective selective; exclusive intensive; selective selective; selective intensive; exclusive
Question 94
Short Answer
Which of the following intermediaries represents several producers and is paid a commission based on invoice values? Agent/broker Sales office Sales branch Merchant wholesaler Collective agent distribution