Entrepreneurship I - Unit 4

Where does a channel of distribution begin?

Which production activity issues work orders telling employees what their job assignments are?

The sum of the operating and direct expenses required to make a product is its

Which of the following is another name for operating costs:

A car manufacturer purchased tail lights for its cars.

When total sales equal total expenses, the business

Which of the following intermediaries never actually owns the products they promote and sell:

A plastics manufacturer purchased petroleum for use in its products.

A floral shop purchased roses for Valentine’s Day.

An appliance dealer purchased washing machines.

An advantage for producers in using the producer-to-wholesaler-to-retailer-to-consumer distribution channel is that

Which indirect channel of distribution is used to reach large retailers when the producer does not want responsibility?

A department store purchased two trucks for delivery purposes.

Quality Distributors buys equipment from companies & sells them to local electrical contractors. This an example of a(n)

What is production?

Which of the following is an example of an ultimate consumer:

Which of the following is a true statement about production activities:

The revenue a company makes after subtracting the costs of the products it has sold is called

A dentist purchased a computer system for tracking appointments.

Which of the following is a benefit of channels of distribution:

Operating costs are the opposite of

Which of the following services would be distributed by a producer-to-agent-to-consumer channel:

Which of the following is an example of an industrial user:

A grocery store purchased boxes of cereal.

The specific resources used in a company’s production are called