Exam 14: Value Chain Management and Logistics

Which statement concerning a value delivery chain is NOT correct?

An important characteristic of a direct channel of distribution is

A firm has $2,000,000 in net annual sales, its beginning inventory (for the year) was $400,000 (at retail), and its ending inventory was $600,000 (at retail). The firm's stock turnover rate for the year is ___ times.

Which of these is NOT a means by which retailers can develop channel power?

Which type of warehouse allows a firm to delay the payment of taxes until goods are sold?

A firm's stock turnover rate is three times the industry average. A possible negative consequence of this may be

Manufacturers and final consumers are considered to be channel members.

A contract provision provides a wholesaler with credit for all sales made in its territory regardless of how the sales were initiated. This provision relates to the territorial rights of the wholesaler.

The period from the date of an order until the date items are ready to sell or use is the

Which is the largest discount that a distribution intermediary typically receives?

A keiretsu is a(n)

Distribution intermediaries are often perceived as firms that perform few or no functions, and whose major impact on society is higher prices. Evaluate this criticism.

The process of service recovery (correcting service quality problems) is most closely related to

Price policy, conditions of sale, territorial rights, the services/responsibility mix, and contract length and conditions of termination are clearly outlined in

Which carrier is excused from legal restrictions and must only comply with safety rules?

Functional discounts reflect deductions from list price for

Which of these is NOT a channel function?

Convenience products should utilize ___ distribution.

Evaluate railroads, motor carriers, waterways, pipelines, and airways on the basis of delivery speed, number of locations served, range of products carried, and frequency of shipments.

The total-cost approach to distribution is often used to justify the use of pipelines as a transportation alternative.