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Entrepreneurship Chapter 6 Flashcards | StudBud
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Entrepreneurship Chapter 6
Entrepreneurship Chapter 6
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Chapter 6
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
Component of the marketing mix that involves the methods used to get products to customers
shipping
distribution
promotion
selling
2
Getting a product to the market in a timely manner is an important component of distribution
True
False
3
Storing products in warehouses at various points through the channels of distribution
allows channel members to balance supply/demand of products
all of the above
reduces the cost of the products
decreases the risk that products may be damaged while stored
4
Newspaper advertising
reaches large numbers of people
is rarely used by small businesses
targets a wide geographic area
is relatively expensive
5
People/businesses that move products between the manufacturer and the consumer are _____
intermediaries
manufacturers
all the above
salesmen/saleswomen
6
Which of the following distribution options does the manufacturer NOT get involved in selling?
manufacturer to consumer
manufacturer to retailer to consumer
manufacturer to agent to wholesaler to retailer to consumer
all the above
7
Most manufacturers sell directly to customers.
True
False
8
Most small businesses would be wasting their money to advertise in a national magazines
True
False
9
__________ are the physical characteristics or capabilities of the product or service
benefits
services
goods
features
10
__________ buying decisions are based on the logical reasoning of customers
emotional
in-store
online
rational
11
A direct channel moves the product directly from the __________ to the consumer
retailer
intermediaries
manufacturer
seller
12
Using the telephone to promote your product is called
phishing
.
True
False
13
One similarity between advertising and publicity is that a business must pay for both of them.
True
False