Question 1

Online retail purchases can be the result of several very different approaches which include (1)  paying dues to become a member of an online discount service, (2)  going directly to online malls, (3)  participating in an online auction, and (4)

Accepted Answer

A)  becoming a secret shopper.
B)  participating in a buying cooperative.
C)  becoming an ultimate shopper.
D)  using a "bot" to search for a product at the best price.
E)  becoming a member of a research group that evaluates new products.F) C) and D)
G) A) and D)

Question 2

The days of taking your groceries through the checkout yourself have arrived in the United States.A number of U.S.- based retail chains have begun using U-scan machines in their outlets.This is an example of what level of retail service?

Accepted Answer

A)  full-service
B)  limited service
C)  self-service
D)  customized service
E)  functional serviceF) B) and E)
G) B) and D)

Question 3

Another name for a manufacturer's agent is _________.

Accepted Answer

A)  manufacturer's desk jobber
B)  manufacturer's transport vendor
C)  manufacturer's representative
D)  manufacturer's transport vendor.
E)  manufacturer's jobberF) A) and D)
G) A) and E)

Question 4

Wholesalers that carry a broad assortment of merchandise and perform all channel functions are referred to as _________.

Accepted Answer

A)  limited-line wholesalers
B)  drop shippers
C)  rack jobbers
D)  specialty merchandise wholesalers
E)  general merchandise wholesalersF) None of the above
G) A) and C)

Question 5

General merchandise wholesaler refers to

Accepted Answer

A)  wholesalers that carry a broad assortment of merchandise and perform all channel functions.
B)  wholesalers that own the merchandise they sell but do not physically handle, stock, or deliver it.
C)  wholesalers that have a small warehouse from which they stock their trucks for distribution to retailers.
D)  wholesalers that work for several producers and carry noncompetitive, complementary merchandise in an exclusive territory and use over-the-road transportation for all product deliveries.
E)  wholesalers that deal exclusively with small low-cost consumer goods that are distributed to a select number of large retail chains.F) D) and E)
G) B) and E)

Question 6

As the use of telemarketing grows, consumer privacy, _________, and industry standards have become a topic of discussion among consumers, Congress, the Federal Trade Commission (FTC) , and businesses.

Accepted Answer

A)  product quality
B)  price differences
C)  ethical guidelines
D)  on-time delivery
E)  the choice of language to useF) None of the above
G) All of the above

Question 7

A __________ would be most likely to use truck jobbers to distribute its products.

Accepted Answer

A)  clothing manufacturer
B)  manufacturer of electric generators
C)  leather goods importer
D)  pharmaceutical company
E)  meat processing plantF) B) and D)
G) C) and E)

Question 8

Another term for gross margin is _________.

Accepted Answer

A)  original markup
B)  maintained markup
C)  markdown
D)  off-price
E)  discount priceF) A) and B)
G) A) and C)

Question 9

Independent firms or individuals whose principal function is to bring buyers and sellers together to make sales are referred to as __________

Accepted Answer

A)  manufacturer's agents.
B)  brokers.
C)  selling agents.
D)  manufacturer's branches.
E)  manufacturer's sales offices.F) A) and B)
G) A) and C)

Question 10

Your local Safeway grocery store is likely to be categorized according to what type of retailer outlet?

Accepted Answer

A)  form of ownership
B)  level of service
C)  merchandise line
D)  method of operation
E)  revenue generatedF) None of the above
G) D) and E)

Exam 14: Retailing and Wholesaling

Another name for a manufacturer's agent is _________.

Correct Answer
verified

As the use of telemarketing grows, consumer privacy, _________, and industry standards have become a topic of discussion among consumers, Congress, the Federal Trade Commission (FTC) , and businesses.

Correct Answer
verified

Online retail purchases can be the result of several very different approaches which include (1) paying dues to become a member of an online discount service, (2) going directly to online malls, (3) participating in an online auction, and (4)

Correct Answer
verified

Independent firms or individuals whose principal function is to bring buyers and sellers together to make sales are referred to as __________

Correct Answer
verified

Your local Safeway grocery store is likely to be categorized according to what type of retailer outlet?

Correct Answer
verified

The days of taking your groceries through the checkout yourself have arrived in the United States.A number of U.S.- based retail chains have begun using U-scan machines in their outlets.This is an example of what level of retail service?

Correct Answer
verified

General merchandise wholesaler refers to

Correct Answer
verified

Wholesalers that carry a broad assortment of merchandise and perform all channel functions are referred to as _________.

Correct Answer
verified

Another term for gross margin is _________.

Correct Answer
verified

A __________ would be most likely to use truck jobbers to distribute its products.

Correct Answer
verified

Exam 14: Retailing and Wholesaling

Another name for a manufacturer's agent is _________.

Correct AnswerverifiedShow Answer

As the use of telemarketing grows, consumer privacy, _________, and industry standards have become a topic of discussion among consumers, Congress, the Federal Trade Commission (FTC) , and businesses.

Correct AnswerverifiedShow Answer

Online retail purchases can be the result of several very different approaches which include (1) paying dues to become a member of an online discount service, (2) going directly to online malls, (3) participating in an online auction, and (4)

Correct AnswerverifiedShow Answer

Independent firms or individuals whose principal function is to bring buyers and sellers together to make sales are referred to as __________

Correct AnswerverifiedShow Answer

Your local Safeway grocery store is likely to be categorized according to what type of retailer outlet?

Correct AnswerverifiedShow Answer

The days of taking your groceries through the checkout yourself have arrived in the United States.A number of U.S.- based retail chains have begun using U-scan machines in their outlets.This is an example of what level of retail service?

Correct AnswerverifiedShow Answer

General merchandise wholesaler refers to

Correct AnswerverifiedShow Answer

Wholesalers that carry a broad assortment of merchandise and perform all channel functions are referred to as _________.

Correct AnswerverifiedShow Answer

Another term for gross margin is _________.

Correct AnswerverifiedShow Answer

A __________ would be most likely to use truck jobbers to distribute its products.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified