Question 1

Which of the following statements about supply chain management (SCM) is True?

Accepted Answer

A)  The core of SCM is coordinated logistics. 
B)  The total cost concept is an integral part of SCM. 
C)  SCM can improve on-time delivery and reduce necessary inventory levels. 
D)  As part of implementing SCM, many companies are contracting out their physical distribution Function. 
E)  All of the above statements about SCM are True. 
A)  The core of SCM is coordinated logistics. 
B)  The total cost concept is an integral part of SCM. 
C)  SCM can improve on-time delivery and reduce necessary inventory levels. 
D)  As part of implementing SCM, many companies are contracting out their physical distribution Function. 
E)  All of the above statements about SCM are True.

Question 2

The just-in-time (JIT) concept originated in Japan and has been slowly adopted in the U. S. Why were U.S. manufacturers reluctant to adopt JIT?

Accepted Answer

A)  U.S. manufacturers are less competitive than the Japanese. 
B)  Channel relationships in the U.S. have been typically adversarial. 
C)  The U.S. culture reveres collectivism. 
D)  U.S. manufacturers are fearful of computers. 
E)  U.S. manufacturers are not risk takers. 
A)  U.S. manufacturers are less competitive than the Japanese. 
B)  Channel relationships in the U.S. have been typically adversarial. 
C)  The U.S. culture reveres collectivism. 
D)  U.S. manufacturers are fearful of computers. 
E)  U.S. manufacturers are not risk takers.

Question 3

Many companies are outsourcing their physical distribution function through a process called:

Accepted Answer

A)  contract logistics. 
B)  marketing mix outsourcing. 
C)  functional logistics. 
D)  direct sourcing. 
E)  indirect sourcing. 
A)  contract logistics. 
B)  marketing mix outsourcing. 
C)  functional logistics. 
D)  direct sourcing. 
E)  indirect sourcing.

Question 4

The manager of the Yazoo City Catfish Producers knows the market for its catfish is geographically quite Large. Price and supply conditions vary considerably from season to season. Since Yazoo City can sell its catfish only a few months each year, it does not need continuous market representation. The catfish producers should use a:

Accepted Answer

A)  selling agent. 
B)  manufacturers' agent. 
C)  drop shipper. 
D)  broker. 
E)  commission merchant. 
A)  selling agent. 
B)  manufacturers' agent. 
C)  drop shipper. 
D)  broker. 
E)  commission merchant.

Question 5

Some rare cut orchids sell for $75 or more and have a very limited life. Which mode of transportation Would a wholesale florist most likely use to ship these orchids across the U.S.?

Accepted Answer

A)  pipeline 
B)  water 
C)  rail 
D)  air 
E)  highway 
A)  pipeline 
B)  water 
C)  rail 
D)  air 
E)  highway

Question 6

Whether a given transaction is classified as a wholesale sale or as a retail sale depends essentially on:

Accepted Answer

A)  whether the seller is a wholesaler or a retailer. 
B)  the buyer's intended use of the product. 
C)  whether the seller procured the product from a manufacturer or a wholesaler. 
D)  whether the product involved is sold at wholesale or retail price. 
E)  the quantity of goods involved. 
A)  whether the seller is a wholesaler or a retailer. 
B)  the buyer's intended use of the product. 
C)  whether the seller procured the product from a manufacturer or a wholesaler. 
D)  whether the product involved is sold at wholesale or retail price. 
E)  the quantity of goods involved.

Question 7

The Ford Motor Company assembly plant produces 1,000 cars daily. Its fabricating parts and materials Are delivered by rail. Because it uses _____, a railroad strike that lasted for 72 hours would probably Force the plant to close because it would not have all the materials needed to build any more cars.

Accepted Answer

A)  a distribution center 
B)  the just-in-time concept 
C)  warehousing 
D)  centralized inventory control 
E)  the economic order quantity approach to inventory control 
A)  a distribution center 
B)  the just-in-time concept 
C)  warehousing 
D)  centralized inventory control 
E)  the economic order quantity approach to inventory control

Question 8

When a café owner buys a thermometer to hang in the cafe's kitchen, it is an example of wholesaling.

Accepted Answer

A) True 
 B)False

Question 9

Brokers can set prices.

Accepted Answer

A) True 
 B)False

Question 10

A full-service wholesaler will buy, create assortments, subdivide, and transport products for its customers.

Accepted Answer

A) True 
 B)False

Question 11

Contract logistics is only effective for companies that operate their own sales facilities.

Accepted Answer

A) True 
 B)False

Question 12

_____ _____, a subsystem of physical distribution management, involves the selection of the proper equipment to physically handle products.

Accepted Answer

The answer of _____ _____, a subsystem of physical distribution...

Question 13

Which of the following statements about supply chain management (SCM) is True?

Accepted Answer

A)  SCM will only work if the organization focuses on the individual costs of each distribution activity. 
B)  The responsibility for logistics activities with SCM should be delegated to a variety of different Departments. 
C)  Contract logistics has been used with supply chain management. 
D)  For SCM to be effective, all logistics tasks must be performed in-house. 
E)  None of the above statements about SCM is True. 
A)  SCM will only work if the organization focuses on the individual costs of each distribution activity. 
B)  The responsibility for logistics activities with SCM should be delegated to a variety of different Departments. 
C)  Contract logistics has been used with supply chain management. 
D)  For SCM to be effective, all logistics tasks must be performed in-house. 
E)  None of the above statements about SCM is True.

Question 14

A _____ is a limited-function merchant wholesaler that does not physically handle the product it sells but Is responsible for getting the product from the producer to the customer.

Accepted Answer

A)  selling agent 
B)  rack jobber 
C)  truck jobber 
D)  commission merchant 
E)  drop shipper 
A)  selling agent 
B)  rack jobber 
C)  truck jobber 
D)  commission merchant 
E)  drop shipper

Question 15

Private warehouses would be most efficiently used by manufacturers of snow parkas, thermal underwear,snow blowers, and flea sprays.

Accepted Answer

A) True 
 B)False

Question 16

_____ _____ consists of all the activities concerned with moving the right amount of the right products to the right place at the right time.

Accepted Answer

Physical d

Question 17

Saturn's manufacturing plant uses a computerized system that directs trucks to deliver preinspected parts At specific times 21 hours a day, six days a week to one of the plant's 56 receiving docks. The delivery arrives just as it is scheduled for use on the assembly line. Saturn uses:

Accepted Answer

A)  a distribution center. 
B)  the just-in-time concept. 
C)  warehousing. 
D)  centralized inventory control. 
E)  the economic order quantity approach to inventory control. 
A)  a distribution center. 
B)  the just-in-time concept. 
C)  warehousing. 
D)  centralized inventory control. 
E)  the economic order quantity approach to inventory control.

Question 18

Which of the following statements about agent wholesaling middlemen is True?

Accepted Answer

A)  Agent wholesaling middlemen are owned and operated by retail chains. 
B)  Agent wholesaling middlemen are independently owned firms that take title to the products they
Distribute. 
C)  Truck jobbers and drop shippers are types of agent wholesaling middlemen. 
D)  Agent wholesaling middlemen are independently owned firms that engage primarily in wholesaling and . do not take title to the products they distribute. 
E)  There are more agent wholesaling middlemen than merchant wholesalers. 
A)  Agent wholesaling middlemen are owned and operated by retail chains. 
B)  Agent wholesaling middlemen are independently owned firms that take title to the products they
Distribute. 
C)  Truck jobbers and drop shippers are types of agent wholesaling middlemen. 
D)  Agent wholesaling middlemen are independently owned firms that engage primarily in wholesaling and . do not take title to the products they distribute. 
E)  There are more agent wholesaling middlemen than merchant wholesalers.

Question 19

Agent wholesaling middlemen run significantly more efficient operations than merchant wholesalers.

Accepted Answer

A) True 
 B)False

Question 20

Years ago, sons traditionally entered the profession of their fathers. It has become much less commonplace today--but not for the Pulley family. The father Keith Pulley is a selling agent, a type of middlemen, and all four of his sons are also involved closely with distribution strategy. The oldest son Craig operates a manufacturer's sales office. George is a broker while Troy operates a trucking company. The youngest Jonathan runs a wholesale company that specializes in importing fresh-cut flowers.
-What is the primary advantage offered by Troy Pulley's operation?

Accepted Answer

A)  the lowest transportation costs 
B)  the ability to carry the widest variety of products c 
C)  the speed of door-to-door delivery 
D)  suitability for carrying bulky products long distances 
E)  none of the above 
A)  the lowest transportation costs 
B)  the ability to carry the widest variety of products c 
C)  the speed of door-to-door delivery 
D)  suitability for carrying bulky products long distances 
E)  none of the above

Which of the following statements about supply chain management (SCM) is True?

The just-in-time (JIT) concept originated in Japan and has been slowly adopted in the U. S. Why were U.S. manufacturers reluctant to adopt JIT?

Many companies are outsourcing their physical distribution function through a process called:

Some rare cut orchids sell for $75 or more and have a very limited life. Which mode of transportation Would a wholesale florist most likely use to ship these orchids across the U.S.?

Whether a given transaction is classified as a wholesale sale or as a retail sale depends essentially on:

When a café owner buys a thermometer to hang in the cafe's kitchen, it is an example of wholesaling.

Brokers can set prices.

A full-service wholesaler will buy, create assortments, subdivide, and transport products for its customers.

Contract logistics is only effective for companies that operate their own sales facilities.

_ _, a subsystem of physical distribution management, involves the selection of the proper equipment to physically handle products.

Which of the following statements about supply chain management (SCM) is True?

A _____ is a limited-function merchant wholesaler that does not physically handle the product it sells but Is responsible for getting the product from the producer to the customer.

Private warehouses would be most efficiently used by manufacturers of snow parkas, thermal underwear,snow blowers, and flea sprays.

_ _ consists of all the activities concerned with moving the right amount of the right products to the right place at the right time.

Saturn's manufacturing plant uses a computerized system that directs trucks to deliver preinspected parts At specific times 21 hours a day, six days a week to one of the plant's 56 receiving docks. The delivery arrives just as it is scheduled for use on the assembly line. Saturn uses:

Which of the following statements about agent wholesaling middlemen is True?

Agent wholesaling middlemen run significantly more efficient operations than merchant wholesalers.

The Field of Marketing

The Dynamic Marketing Environment

Global Markets and Marketing

Consumer Markets and Buying Behavior

Business Markets and Buying Behavior

Marketing Research and Market Information

Product Planning and Development

Product-Mix Strategies

Brands, Packaging, and Other Product Features

Services Marketing

Price Determination

Pricing Strategies

Channels of Distribution

Retailing

Integrated Marketing Communications

Personal Selling and Sales Management

Advertising, Sales Promotion, and Public Relations

Strategic Marketing Planning

Marketing Implementation and Evaluation

Marketing and the Information Economy

Market Segmentation Targeting and Positioning

Filters

Exam 16: Wholesaling and Physical Distribution

Which of the following statements about supply chain management (SCM) is True?

The just-in-time (JIT) concept originated in Japan and has been slowly adopted in the U. S. Why were U.S. manufacturers reluctant to adopt JIT?

Many companies are outsourcing their physical distribution function through a process called:

Some rare cut orchids sell for $75 or more and have a very limited life. Which mode of transportation Would a wholesale florist most likely use to ship these orchids across the U.S.?

Whether a given transaction is classified as a wholesale sale or as a retail sale depends essentially on:

When a café owner buys a thermometer to hang in the cafe's kitchen, it is an example of wholesaling.

Brokers can set prices.

A full-service wholesaler will buy, create assortments, subdivide, and transport products for its customers.

Contract logistics is only effective for companies that operate their own sales facilities.

_____ _____, a subsystem of physical distribution management, involves the selection of the proper equipment to physically handle products.

Which of the following statements about supply chain management (SCM) is True?

A _____ is a limited-function merchant wholesaler that does not physically handle the product it sells but Is responsible for getting the product from the producer to the customer.

Private warehouses would be most efficiently used by manufacturers of snow parkas, thermal underwear,snow blowers, and flea sprays.

_____ _____ consists of all the activities concerned with moving the right amount of the right products to the right place at the right time.

Saturn's manufacturing plant uses a computerized system that directs trucks to deliver preinspected parts At specific times 21 hours a day, six days a week to one of the plant's 56 receiving docks. The delivery arrives just as it is scheduled for use on the assembly line. Saturn uses:

Which of the following statements about agent wholesaling middlemen is True?

Agent wholesaling middlemen run significantly more efficient operations than merchant wholesalers.

The Field of Marketing

The Dynamic Marketing Environment

Global Markets and Marketing

Consumer Markets and Buying Behavior

Business Markets and Buying Behavior

Marketing Research and Market Information

Product Planning and Development

Product-Mix Strategies

Brands, Packaging, and Other Product Features

Services Marketing

Price Determination

Pricing Strategies

Channels of Distribution

Retailing

Integrated Marketing Communications

Personal Selling and Sales Management

Advertising, Sales Promotion, and Public Relations

Strategic Marketing Planning

Marketing Implementation and Evaluation

Marketing and the Information Economy

Market Segmentation Targeting and Positioning

Filters

_ _, a subsystem of physical distribution management, involves the selection of the proper equipment to physically handle products.

_ _ consists of all the activities concerned with moving the right amount of the right products to the right place at the right time.