Question 1

Which of the following is not part of the marketing channel?

Accepted Answer

A) the logistics channel 
B) the negotiations channel 
C) the promotion channel 
D) the finance channel 
E) all are part of the marketing channel 
A) the logistics channel 
B) the negotiations channel 
C) the promotion channel 
D) the finance channel 
E) all are part of the marketing channel E

Question 2

The ___________ concept suggests that there are an ever-increasing number of market segments with distinct preferences.

Accepted Answer

A) rhochrematics 
B) relationship marketing 
C) market demassification 
D) niche marketing 
A) rhochrematics 
B) relationship marketing 
C) market demassification 
D) niche marketing C

Question 3

Logistical principles apply only to for-profit organizations.

Accepted Answer

A) True 
 B)False  False

Question 4

A commonly used logistics intermediary is the freight forwarder.

Accepted Answer

A) True 
 B)False

Question 5

The four general types of economic utility are production,possession,time,and place.

Accepted Answer

A) True 
 B)False

Question 6

The systems approach indicates that a company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of a firm.

Accepted Answer

A) True 
 B)False

Question 7

The current definition of logistics,as promulgated by the Council of Supply Chain Management Professionals,suggests that logistics is part of the supply chain process.

Accepted Answer

A) True 
 B)False

Question 8

Logistics has played a minor role in the growth of global trade.

Accepted Answer

A) True 
 B)False

Question 9

Channel intermediaries:

Accepted Answer

A) assume temporary ownership of the goods 
B) fill niches 
C) disappear as the market becomes organized 
D) tend to lack focus 
A) assume temporary ownership of the goods 
B) fill niches 
C) disappear as the market becomes organized 
D) tend to lack focus

Question 10

Logistics managers use the ___________ approach to coordinate inbound logistics,materials management,and physical distribution in a cost efficient manner.

Accepted Answer

A) total cost 
B) supply chain 
C) mass logistics 
D) interfunctional 
A) total cost 
B) supply chain 
C) mass logistics 
D) interfunctional

Question 11

____________ refers to being out of an item at the same time there is demand for it.

Accepted Answer

A) Intensive distribution 
B) Stockout 
C) Rhochrematics 
D) Supplier indifference 
A) Intensive distribution 
B) Stockout 
C) Rhochrematics 
D) Supplier indifference

Question 12

The sorting function takes place between retailers and the consumer.

Accepted Answer

A) True 
 B)False

Question 13

Landed costs refer to the price of a product at the source.

Accepted Answer

A) True 
 B)False

Question 14

Stockouts refer to a situation where a company is out of an item at the same time that there is demand for that item.

Accepted Answer

A) True 
 B)False

Question 15

A cost trade-off is a situation where:

Accepted Answer

A) all costs react according to their individual degrees of inflation in the economy 
B) all costs are reflected as a percentage variation from standard costs 
C) some costs increase and some costs decrease 
D) some costs are eliminated by efficient management controls 
A) all costs react according to their individual degrees of inflation in the economy 
B) all costs are reflected as a percentage variation from standard costs 
C) some costs increase and some costs decrease 
D) some costs are eliminated by efficient management controls

Question 16

World trade grew at an average annual rate of approximately ___________ percent between 1997 and 2007.

Accepted Answer

A) 10 
B) 8 
C) 6 
D) 4 
A) 10 
B) 8 
C) 6 
D) 4

Question 17

It is better for a logistics manager to be a generalist rather than a specialist.

Accepted Answer

A) True 
 B)False

Question 18

List and discuss the advantages and disadvantages of having local trucking companies deliver the Super Gym from the retail stores to the customers.

Accepted Answer

There are probably no disadvan

Question 19

List and discuss the advantages and disadvantages of stocking Super Gyms at the distribution centers and then having the truck that make deliveries from the distribution center to the retail stores and also make deliveries of Super Gyms to individual customers.

Accepted Answer

The problem here focuses on the size of

Question 20

___________ are characterized by large market share and low prices.

Accepted Answer

A) Category killers 
B) Mass merchandisers 
C) Power retailers 
D) Do-it-yourself 
A) Category killers 
B) Mass merchandisers 
C) Power retailers 
D) Do-it-yourself

Which of the following is not part of the marketing channel?

The ___________ concept suggests that there are an ever-increasing number of market segments with distinct preferences.

Logistical principles apply only to for-profit organizations.

A commonly used logistics intermediary is the freight forwarder.

The four general types of economic utility are production,possession,time,and place.

The systems approach indicates that a company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of a firm.

The current definition of logistics,as promulgated by the Council of Supply Chain Management Professionals,suggests that logistics is part of the supply chain process.

Logistics has played a minor role in the growth of global trade.

Channel intermediaries:

Logistics managers use the ___________ approach to coordinate inbound logistics,materials management,and physical distribution in a cost efficient manner.

____________ refers to being out of an item at the same time there is demand for it.

The sorting function takes place between retailers and the consumer.

Landed costs refer to the price of a product at the source.

Stockouts refer to a situation where a company is out of an item at the same time that there is demand for that item.

A cost trade-off is a situation where:

World trade grew at an average annual rate of approximately ___________ percent between 1997 and 2007.

It is better for a logistics manager to be a generalist rather than a specialist.

List and discuss the advantages and disadvantages of having local trucking companies deliver the Super Gym from the retail stores to the customers.

List and discuss the advantages and disadvantages of stocking Super Gyms at the distribution centers and then having the truck that make deliveries from the distribution center to the retail stores and also make deliveries of Super Gyms to individual customers.

___________ are characterized by large market share and low prices.

Logistics and Information Technology

Strategic and Financial Logistics

Organizational and Mangerial Issues in Logistics

The Supply Chain Management Concept

Procurement

Demand Management,order Management

Inventory Management

Distribution Center,warehouse,and Plant Location

Warehousing Management

Protective Packaging and Materials Handling

Transportation

Transportation Management

International Logistics

Filters

Exam 1: An Overview of Logistics

Which of the following is not part of the marketing channel?

The ___________ concept suggests that there are an ever-increasing number of market segments with distinct preferences.

Logistical principles apply only to for-profit organizations.

A commonly used logistics intermediary is the freight forwarder.

The four general types of economic utility are production,possession,time,and place.

The systems approach indicates that a company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of a firm.

The current definition of logistics,as promulgated by the Council of Supply Chain Management Professionals,suggests that logistics is part of the supply chain process.

Logistics has played a minor role in the growth of global trade.

Channel intermediaries:

Logistics managers use the ___________ approach to coordinate inbound logistics,materials management,and physical distribution in a cost efficient manner.

____________ refers to being out of an item at the same time there is demand for it.

The sorting function takes place between retailers and the consumer.

Landed costs refer to the price of a product at the source.

Stockouts refer to a situation where a company is out of an item at the same time that there is demand for that item.

A cost trade-off is a situation where:

World trade grew at an average annual rate of approximately ___________ percent between 1997 and 2007.

It is better for a logistics manager to be a generalist rather than a specialist.

List and discuss the advantages and disadvantages of having local trucking companies deliver the Super Gym from the retail stores to the customers.

List and discuss the advantages and disadvantages of stocking Super Gyms at the distribution centers and then having the truck that make deliveries from the distribution center to the retail stores and also make deliveries of Super Gyms to individual customers.

___________ are characterized by large market share and low prices.

Logistics and Information Technology

Strategic and Financial Logistics

Organizational and Mangerial Issues in Logistics

The Supply Chain Management Concept

Procurement

Demand Management,order Management

Inventory Management

Distribution Center,warehouse,and Plant Location

Warehousing Management

Protective Packaging and Materials Handling

Transportation

Transportation Management

International Logistics

Filters