Question 1

Inland Eastex Inc.manufactures paper that is used for printing covers for different types and sizes of magazines.The percentage of magazine sales determines how much paper Inland Eastex will produce each year.This is an example of__________demand.

Accepted Answer

derived

Question 2

A consumer product is used to manufacture other goods or services,to facilitate an organization's operations,or to resell to other customers.

Accepted Answer

A) True 
 B)False  False

Question 3

Which of the following is true of business marketing?

Accepted Answer

A)  It refers to the sale of goods and services for the purpose of personal consumption.
B)  It deals with products that are used to facilitate an organization's operations.
C)  It sells goods and services only to organizations.
D)  It depends largely on social media for increased profits. B

Question 4

A small increase or decrease in consumer demand can produce a much larger change in demand for the facilities and equipment needed to make the consumer product.This is known as__________.

Accepted Answer

The answer of A small increase or decrease in consumer...

Question 5

Mandy's Printing Inc.manufactures and sells photocopiers,printers,and scanners to various offices.This is an example of _____.​

Accepted Answer

A)  contract manufacturing
B)  ​business marketing
C)  ​licensing
D)  franchising

Question 6

A decline in the availability of bicycle handle bars will decrease Huffy Bicycle Company's production of bicycles.This decreased production in turn will reduce Huffy's demand for bicycle seats.This scenario illustrates__________demand.

Accepted Answer

The answer of A decline in the availability of bicycle...

Question 7

A product is defined as a business product rather than a consumer product on the basis of its__________.

Accepted Answer

The answer of A product is defined as a business...

Question 8

​_____ are goods,such as portable tools and office equipment,which are less expensive and shorter-lived than installations.

Accepted Answer

A)  Component parts
B)  ​Processed materials
C)  ​Raw materials
D)  Accessory equipment

Question 9

Leo buys 500 sheets of paper from a vendor for his printing firm.He is satisfied with the product,and he orders the same quantity from the same vendor every week.This is most likely an example of a__________.

Accepted Answer

The answer of Leo buys 500 sheets of paper from...

Question 10

​TomSauce,a brand of tomato sauce,advertises that the tomatoes it uses are processed within 24 hours of being picked to ensure product freshness.In this scenario,the fresh tomatoes are examples of _____.

Accepted Answer

A)  raw materials
B)  ​component parts
C)  ​MRO items
D)  supplies

Question 11

Rachel,a university student,purchases a watch as a gift forher mother.In this scenario,the watch is an example of a(n)_____ product.​

Accepted Answer

A)  industrial
B)  ​consumer
C)  ​intermediate
D)  business

Question 12

Business marketing deals with the purchase and sale of goods and services intended for__________.

Accepted Answer

The answer of Business marketing deals with the purchase and...

Question 13

_____ are expense items that do not become part of a final product.

Accepted Answer

A)  Installations
B)  ​Supplies
C)  ​Component parts
D)  Business services

Question 14

The more digits in a North American Industry Classification System (NAICS)code,the less homogeneous a group will be.

Accepted Answer

A) True 
 B)False

Question 15

Ethics refers to a firm's belief that an ongoing relationship with another firm is so important that it warrants maximum efforts at maintaining it indefinitely.

Accepted Answer

A) True 
 B)False

Question 16

​_____ is the condition that exists when one party has confidence in an exchange partner's reliability and integrity.

Accepted Answer

A)  Obeya
B)  ​Trust
C)  ​Keiretsu
D)  Commitment

Question 17

The North American Industry Classification System (NAICS)data can be used to:

Accepted Answer

A)  identify scope for new product lines.
B)  determine purchase motives of customers.
C)  classify consumer behavior.
D)  identify potential new customers.

Question 18

Many companies offer ethics training to employees and have codes of ethics that help guide buyers and sellers in business.

Accepted Answer

A) True 
 B)False

Question 19

Inland Eastex Inc.manufactures paper that is used for printing covers for different types and sizes of magazines.The percentage of magazine sales determines how much paper Inland Eastexwill produce each year.This is an example of _____ demand.​

Accepted Answer

A)  joint
B)  ​inelastic
C)  ​derived
D)  elastic

Question 20

In the context of measuring online success,the__________is important because big spenders can be the most profitable customers for a business.

Accepted Answer

The answer of In the context of measuring online success,the__________is...

Exam 7: Business Marketing

Inland Eastex Inc.manufactures paper that is used for printing covers for different types and sizes of magazines.The percentage of magazine sales determines how much paper Inland Eastex will produce each year.This is an example of__________demand.

A consumer product is used to manufacture other goods or services,to facilitate an organization's operations,or to resell to other customers.

Which of the following is true of business marketing?

A small increase or decrease in consumer demand can produce a much larger change in demand for the facilities and equipment needed to make the consumer product.This is known as__________.

Mandy's Printing Inc.manufactures and sells photocopiers,printers,and scanners to various offices.This is an example of _____.

A decline in the availability of bicycle handle bars will decrease Huffy Bicycle Company's production of bicycles.This decreased production in turn will reduce Huffy's demand for bicycle seats.This scenario illustrates__________demand.

A product is defined as a business product rather than a consumer product on the basis of its__________.

_____ are goods,such as portable tools and office equipment,which are less expensive and shorter-lived than installations.

Leo buys 500 sheets of paper from a vendor for his printing firm.He is satisfied with the product,and he orders the same quantity from the same vendor every week.This is most likely an example of a__________.

TomSauce,a brand of tomato sauce,advertises that the tomatoes it uses are processed within 24 hours of being picked to ensure product freshness.In this scenario,the fresh tomatoes are examples of _____.

Rachel,a university student,purchases a watch as a gift forher mother.In this scenario,the watch is an example of a(n) _____ product.

Business marketing deals with the purchase and sale of goods and services intended for__________.

_____ are expense items that do not become part of a final product.

The more digits in a North American Industry Classification System (NAICS)code,the less homogeneous a group will be.

Ethics refers to a firm's belief that an ongoing relationship with another firm is so important that it warrants maximum efforts at maintaining it indefinitely.

_____ is the condition that exists when one party has confidence in an exchange partner's reliability and integrity.

The North American Industry Classification System (NAICS) data can be used to:

Many companies offer ethics training to employees and have codes of ethics that help guide buyers and sellers in business.

Inland Eastex Inc.manufactures paper that is used for printing covers for different types and sizes of magazines.The percentage of magazine sales determines how much paper Inland Eastexwill produce each year.This is an example of _____ demand.

In the context of measuring online success,the__________is important because big spenders can be the most profitable customers for a business.

Exam 7: Business Marketing

Inland Eastex Inc.manufactures paper that is used for printing covers for different types and sizes of magazines.The percentage of magazine sales determines how much paper Inland Eastex will produce each year.This is an example of__________demand.

A consumer product is used to manufacture other goods or services,to facilitate an organization's operations,or to resell to other customers.

Which of the following is true of business marketing?

A small increase or decrease in consumer demand can produce a much larger change in demand for the facilities and equipment needed to make the consumer product.This is known as__________.

Mandy's Printing Inc.manufactures and sells photocopiers,printers,and scanners to various offices.This is an example of _____.​

A decline in the availability of bicycle handle bars will decrease Huffy Bicycle Company's production of bicycles.This decreased production in turn will reduce Huffy's demand for bicycle seats.This scenario illustrates__________demand.

A product is defined as a business product rather than a consumer product on the basis of its__________.

​_____ are goods,such as portable tools and office equipment,which are less expensive and shorter-lived than installations.

Leo buys 500 sheets of paper from a vendor for his printing firm.He is satisfied with the product,and he orders the same quantity from the same vendor every week.This is most likely an example of a__________.

​TomSauce,a brand of tomato sauce,advertises that the tomatoes it uses are processed within 24 hours of being picked to ensure product freshness.In this scenario,the fresh tomatoes are examples of _____.

Rachel,a university student,purchases a watch as a gift forher mother.In this scenario,the watch is an example of a(n) _____ product.​

Business marketing deals with the purchase and sale of goods and services intended for__________.

_____ are expense items that do not become part of a final product.

The more digits in a North American Industry Classification System (NAICS)code,the less homogeneous a group will be.

Ethics refers to a firm's belief that an ongoing relationship with another firm is so important that it warrants maximum efforts at maintaining it indefinitely.

​_____ is the condition that exists when one party has confidence in an exchange partner's reliability and integrity.

The North American Industry Classification System (NAICS) data can be used to:

Many companies offer ethics training to employees and have codes of ethics that help guide buyers and sellers in business.

Inland Eastex Inc.manufactures paper that is used for printing covers for different types and sizes of magazines.The percentage of magazine sales determines how much paper Inland Eastexwill produce each year.This is an example of _____ demand.​

In the context of measuring online success,the__________is important because big spenders can be the most profitable customers for a business.

Mandy's Printing Inc.manufactures and sells photocopiers,printers,and scanners to various offices.This is an example of _____.

_____ are goods,such as portable tools and office equipment,which are less expensive and shorter-lived than installations.

TomSauce,a brand of tomato sauce,advertises that the tomatoes it uses are processed within 24 hours of being picked to ensure product freshness.In this scenario,the fresh tomatoes are examples of _____.

Rachel,a university student,purchases a watch as a gift forher mother.In this scenario,the watch is an example of a(n) _____ product.

_____ is the condition that exists when one party has confidence in an exchange partner's reliability and integrity.

Inland Eastex Inc.manufactures paper that is used for printing covers for different types and sizes of magazines.The percentage of magazine sales determines how much paper Inland Eastexwill produce each year.This is an example of _____ demand.