Ch16, Ch21, Ch22, Ch23

Combines both a cash register with a computer.

The buyer routinely orders the goods and services from the same vendor in the past.

Combine less-than-carload/truckload shipments from several different businesses & deliver them.

Buying for all branches in a chain store operation is usually done in a central location.

Which mode of transportation would you use to ship fresh flowers from Hawaii to New York?

Transportation best to use if the merchandise needs to be delivered directly to the store

Either public or private, store products that require the payment of a federal tax.

A trucking company that is free from direct regulation of rates and operating procedures.

A facility designed to meet the specific needs of its owner.

A combination bar code and number used to identify a product and manufacturer.

A limited amount of money for the cash register provided by the manager at the beginning of each business day.

Which of the following is an example of indirect distribution?

Act as intermediaries, bring buyers & sellers together, they do not own the goods they sell.

Companies post what they want to buy and suppliers bid for the contract.

Online shopping location

Businesses that buy goods from manufacturers, store them, & resell them to other businesses.

Which is an example of products that would be best sold using intensive distribution?

A transaction that occurs when a customer pays for merchandise at the time of delivery.

Online retailing, or __, involves retailers selling products over the Internet to the customer.

Provide transportation services to any business in their operating area for a fee.

A limited number of outlets in a given geographic area.

A purchase is made for the first time.

Purchase goods for resale; they forecast customer’s needs and buy the necessary products.

Own the goods they sell but do not physically handle the actual products.

The movement of on ton (2,000 lbs) of freight one mile.

A marketing function of holding goods until they are sold.

Amount of $ left for buying goods after all purchases received & on order have been considered.

Sells goods to the customer from their own physical stores.

Leaves title and ownership of the goods with the seller until the goods reach their destination.

An itemized list of goods that includes prices, terms of sales, total, taxes and fees, and amount due.

Sell goods to the final consumer for personal use.

Customer requests for items that are not carried in the store.

American Bakery is an example of direct distribution.

The final delivery arrangement between the buyer and seller.

Gap is example of integrated distribution because it sells its clothing in its own stores.

The marketing function of moving a product from the place it is made to the place it is sold.

Also called will call, removing merchandise from stock and keeping it in a separate storage area until the customer pays

The buyer has had some experience buying the item, but some aspect of the purchase changes.

What does COD stand for?

Activities that ensure that the right amount is delivered to the right place at the right time.

A legal contract between the buyer and the supplier that describes the products ordered.

Which mode of transportation is the cheapest, but also the slowest

A for-hire trucking company that provides equipment for specific routes, per agreement.

Purchase goods for business purposes, usually in much greater quantities than average consumer.

Offers storage and handling to any individual or company that will pay for its use

Local store managers are authorized to make special purchases for their individual stores.

Wholesalers that manage inventory & merchandising for retailers.

Occurs when the supplier agrees to take back any unsold goods by a certain pre-established date

A partial return of the sale price for merchandise that the customer has kept.

The minimum number of pounds of freight needed to fill a boxcar.

The budget that estimates planned purchases for a six-month period.

Goods are paid for only after the final customer purchases them.

The cash drawer of a cash register.

Also called middlemen, they reduce # of contacts required to reach the final use of the product

The path a product takes from its producer or manufacturer to the final user.

Transport goods for an individual business.

A warehouse designed to speed delivery of goods and minimize storage costs.

Record of a sales transaction that includes the date, items purchased, prices, tax, and total amount due.

Involves protected territories for distribution of a product in a given geographic area.

A percentage fee placed by the government on the sale of goods and services.

An agreement permitting a customer to take merchandise home for further consideration.