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Question 1 (1 point)

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Most shippers have track and trace systems to track their product loads in the supply chain.  Having the capacity to track products helps shippers anticipate events that could disrupt the supply chain.  Which of the following could disrupt the supply chain?

 

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Question 2 (1 point)

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The definition of demand planning is _______.

 

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Question 3 (1 point)

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Which of the following best describe the concepts that influence the price of a product or service?

 

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Question 4 (1 point)

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Walmart is a multi-billion dollar retail company that is a buyer from several consumer goods manufacturers.  Many of their suppliers have moved to Bentonville, Arkansas, the Walmart headquarters.  Why do you think suppliers have moved so close to Walmart headquarters?

 

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Question 5 (1 point)

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A local dermatologist has developed a new line of body scrub products for sensitive skin.  She is unsure if she should sell her products through dermatologists' offices or through retail chains such as Sephora.  Which explanation best describes why the marketing channel decision is as important as pricing and product features?

 

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Question 6 (1 point)

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Peeps has been manufacturing candy since 1923. Recently they opened a retail store in the Mall of America and two additional locations.  Since Peeps is intensively distributed in most other retail stores carrying candy, especially around Easter time, why would Peeps decide to add a new retail store channel?

 

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Question 7 (1 point)

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Breakeven point refers to ______.

 

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Question 8 (1 point)

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The most efficient and effective manner in which to place a product into the hands of the customer is one way to define ________.

 

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Question 9 (1 point)

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The shortest marketing channel consists of two parties, the producer and the consumer.  This statement best describes which of the following concepts?

 

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Question 10 (1 point)

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Which of the following intermediaries buys large quantities of a product and breaks it down into smaller units more convenient for the customer to buy at retail?

 

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Question 11 (1 point)

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_____ involves trying to sell a product in as many outlets as possible.

 

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Question 12 (1 point)

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______ involves selling products through one or very few outlets.

 

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Question 13 (1 point)

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Which of the following is NOT a  pricing objectives?

 

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Question 14 (1 point)

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Demand for a product is said to be inelastic when ______.

 

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Question 15 (1 point)

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Which unethical practice refers to competitors getting together and agreeing to charge the same price?

 

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