Which one is a direct channel?

pathway in which product goes from producer to customer

What is a business model?

The details and structure of how your business will operate.

Buy goods & resell in small quantities

Distribution channels are

series of steps through which product flow in/out a business, means by which you deliver the product/service to customer

Who are the middlemen in a distribution channel?

Agents, brokers, Wholesalers, retailers

Convert materials into goods & sells them to others

handling/organizing of materials, equipment, goods, workers

price increase imposed at each link in distribution channel

Buy goods in large batches and resell in smaller batches

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NFTE Chapter 21 Vocabulary

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Entrepreneurship Vocabulary

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Questions 20

Answers

1
Which are rules of FOB?
FOB conduct
FOB origin
FOB transportation
FOB destination
2
Which one is a direct channel?
the "middlemen" between a producer and a customer
pathway in which product goes from producer to customer
3
What is a business model?
The details and structure of how your business will operate.
means by which you deliver the product/service to customer
4
What is FOB short for?
Faculty of business
Free on board
Free operating board
Free online business
5
A band is a...
Service
Retail, because they sell music
Manufacturer, for making their music
6
Retailers...
Buy goods in large batches & resell in smaller batches
Provide services to customers
Convert materials into goods & sell them to others
Buy goods & resell in small quantities
7
Distribution channels are
series of steps through which product flow in/out a business
means by which you deliver the product/service to customer
The details and structure of how your business will operate.
8
Which of these is a special type of business
Construction
Boutiques
Farming
9
Who are the middlemen in a distribution channel?
Agents, brokers
Wholesalers, retailers
Manufacturers, services
10
Which of these is a wholesaler
7/11
Publix
BJ's
11
Manufacturers...
Buy goods in large batches & resell them in smaller batches
Convert materials into goods & sells them to others
Buy goods & resells in small quantities
Provide services
12
Which of these is a manufacturer?
General Motors
Payless
Costco
13
Describe logistics
price increase imposed at each link in distribution channel
handling/organizing of materials, equipment, goods, workers
14
A markup is
managing materials/processes associated w/ products in/out
price increase imposed at each link in distribution channel
15
What type of company is Payless?
Retail
Service
Wholesale
Manufacturer
16
Which of these is a service company?
McDonald's
Spa
Nail salon
17
What do you need to be a middleman?
Retail permit
Reseller's permit
Middleman permit
18
Wholesalers...
Buy goods in large batches and resell in smaller batches
Convert materials into goods & sell to others
provide services to customers
buy goods & resell in small quantities
19
Which of these can sell directly to customers
Manufacturers
Service
Retailers
Wholesalers
20
If Nike produces their own products, they are
service
wholesaler
manufacturers
retailer

NFTE Chapter 21 Vocabulary Flashcards | StudBud