Question 1

What is the advantage of using trucks as a method of transporting goods?

Accepted Answer

A)  Lowest rates 
B)  Unaffected by weather conditions 
C)  Fastest delivery times 
D)  Less packaging of the product is required; therefore,packaging costs are lower 
E)  Flexibility,dependability,and fast service to most parts of Canada 
A)  Lowest rates 
B)  Unaffected by weather conditions 
C)  Fastest delivery times 
D)  Less packaging of the product is required; therefore,packaging costs are lower 
E)  Flexibility,dependability,and fast service to most parts of Canada

Question 2

The warehouse operation that tracks what is on hand and ensures that an adequate supply is in stock at all times is

Accepted Answer

A)  inventory control. 
B)  materials handling. 
C)  distribution control. 
D)  containerization. 
E)  unitization. 
A)  inventory control. 
B)  materials handling. 
C)  distribution control. 
D)  containerization. 
E)  unitization.

Question 3

What is the appeal of merchandise in a factory outlet?

Accepted Answer

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

Question 4

What is a "piggy-back" service?

Accepted Answer

A)  Shipping by a combination of truck and rail 
B)  Airlines that ship race horses to Europe in specially equipped airplanes 
C)  Shipping by a combination of water and rail 
D)  Shipping by a combination of air and rail 
E)  Shipping by a combination of water and truck 
A)  Shipping by a combination of truck and rail 
B)  Airlines that ship race horses to Europe in specially equipped airplanes 
C)  Shipping by a combination of water and rail 
D)  Shipping by a combination of air and rail 
E)  Shipping by a combination of water and truck

Question 5

Fiama Electric,a new home appliance producer,wants to get the largest market exposure possible.Which distribution strategy should Fiama use?

Accepted Answer

A)  Wholesalers 
B)  Distribution by trucks that can reach almost any point in Canada 
C)  Distribution by air 
D)  Intensive distribution 
E)  Selective distribution 
A)  Wholesalers 
B)  Distribution by trucks that can reach almost any point in Canada 
C)  Distribution by air 
D)  Intensive distribution 
E)  Selective distribution

Question 6

A wholesaler is

Accepted Answer

A)  the combination of distribution channels by which a firm gets its products to end-users. 
B)  an intermediary who sells products to other businesses for resale to final consumers. 
C)  an individual or firm that helps to distribute a product. 
D)  a network of independent companies through which a product passes from producer to end-user. 
E)  an intermediary who sells products directly to consumers. 
A)  the combination of distribution channels by which a firm gets its products to end-users. 
B)  an intermediary who sells products to other businesses for resale to final consumers. 
C)  an individual or firm that helps to distribute a product. 
D)  a network of independent companies through which a product passes from producer to end-user. 
E)  an intermediary who sells products directly to consumers.

Question 7

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

Accepted Answer

A)  Air 
B)  Pipeline 
C)  Trucks 
D)  Water 
E)  Railroads 
A)  Air 
B)  Pipeline 
C)  Trucks 
D)  Water 
E)  Railroads

Question 8

"We can offer you a quality men's suit for under $200," the salesman says.The actual price is $199.99.This is an example of

Accepted Answer

A)  salesmens' jabber. 
B)  price choking. 
C)  odd-even pricing. 
D)  price detailing. 
E)  price lining. 
A)  salesmens' jabber. 
B)  price choking. 
C)  odd-even pricing. 
D)  price detailing. 
E)  price lining.

Question 9

Maria's Dairy needs a transportation company to haul milk to the processing plant.The transportation company she will most likely contact is a(n)

Accepted Answer

A)  common carrier. 
B)  private carrier. 
C)  contract carrier. 
D)  intermodal carrier. 
E)  freight forwarder. 
A)  common carrier. 
B)  private carrier. 
C)  contract carrier. 
D)  intermodal carrier. 
E)  freight forwarder.

Question 10

Retailers who carry an extremely deep selection of goods in a relatively narrow product line and hire technical experts to give customers advice are called

Accepted Answer

A)  supermarkets. 
B)  specialty stores. 
C)  factory outlets. 
D)  department stores. 
E)  category killers. 
A)  supermarkets. 
B)  specialty stores. 
C)  factory outlets. 
D)  department stores. 
E)  category killers.

Question 11

What are the three main types of retailers?

Accepted Answer

Product line retailers (depart

Question 12

Pricing strategy refers to pricing as a planning activity that affects the marketing mix.

Accepted Answer

A) True 
 B)False

What is the advantage of using trucks as a method of transporting goods?

The warehouse operation that tracks what is on hand and ensures that an adequate supply is in stock at all times is

What is the appeal of merchandise in a factory outlet?

What is a "piggy-back" service?

Fiama Electric,a new home appliance producer,wants to get the largest market exposure possible.Which distribution strategy should Fiama use?

A wholesaler is

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

"We can offer you a quality men's suit for under $200," the salesman says.The actual price is $199.99.This is an example of

Maria's Dairy needs a transportation company to haul milk to the processing plant.The transportation company she will most likely contact is a(n)

Retailers who carry an extremely deep selection of goods in a relatively narrow product line and hire technical experts to give customers advice are called

What are the three main types of retailers?

Pricing strategy refers to pricing as a planning activity that affects the marketing mix.

Understanding the Canadian Business System

Understanding the Environments of Business

Conducting Business Ethically and Responsibly

Understanding Entrepreneurship, small Business, and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

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Exam 17: Pricing and Distributing Goods and Services

What is the advantage of using trucks as a method of transporting goods?

The warehouse operation that tracks what is on hand and ensures that an adequate supply is in stock at all times is

What is the appeal of merchandise in a factory outlet?

What is a "piggy-back" service?

Fiama Electric,a new home appliance producer,wants to get the largest market exposure possible.Which distribution strategy should Fiama use?

A wholesaler is

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

"We can offer you a quality men's suit for under $200," the salesman says.The actual price is $199.99.This is an example of

Maria's Dairy needs a transportation company to haul milk to the processing plant.The transportation company she will most likely contact is a(n)

Retailers who carry an extremely deep selection of goods in a relatively narrow product line and hire technical experts to give customers advice are called

What are the three main types of retailers?

Pricing strategy refers to pricing as a planning activity that affects the marketing mix.

Understanding the Canadian Business System

Understanding the Environments of Business

Conducting Business Ethically and Responsibly

Understanding Entrepreneurship, small Business, and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

Filters