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Honors Entrepreneurship 1 4.01 Test Review Flashcards | StudBud
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Honors Entrepreneurship 1 4.01 Test Review
Honors Entrepreneurship 1 4.01 Test Review
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Review for Unit 4.01 Test
Flashcards
21 cards
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Practice quiz
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Questions
21
Answers
1
An intermediary function that makes goods available to consumers where they are wanted and needed is
servicing sales
providing management services
transporting and storing
extending credit
2
Producers are able to match their production to the needs of consumers or industrial users because intermediaries
develop an assortment of goods
enable producers to promote goods
extend credit services to consumers
increase distribution costs
3
In what sport do you win the Stanley Cup?
NFL
MSL
MBL
NHL
4
Which famous band has a name that consists of a color and a number
Bluesofcolor3
Pinksix
Seventeen Red
Maroon 5
5
Which popular singer made the hit song 'Shape of You' in 2017?
Ed Sheeran
Sam Hunt
Justin Bieber
Bruno Mars
6
Which of the following services would be distributed by a producer-to-agent-to-consumer channel:
Health care
Travel planning
Vehicle repair
Income tax preparation
7
Which of the following is an example of an industrial user:
A hairstylist buying new scissors to perform haircuts
A family buying a new home computer
A teacher buying a book to read on vacation
A parent buying a picture frame for his/her desk
8
Where does a channel of distribution begin?
With the producer
With the ultimate consumer
With the intermediary
With the industrial user
9
Where is the Statue of Liberty located?
Miami, FL
Greensboro, NC
Las Vegas, NV
New York, NY
10
How long does a football game go for?
80 minutes
60 minutes
90 minutes
100 minutes
11
TNW buys bikes from The Great Colorado Mountain Bike Comp. & sells them to bike shops. TNW is an example of
wholesaler
producer
agent
retailer
12
Which of the following intermediaries never actually owns the products they promote and sell:
wholesalers
retailers
agents
industrial users
13
An advantage for producers in using the producer-to-wholesaler-to-retailer-to consumer distribution channel is that
wholesalers usually buy in large quantities
wholesalers do not take title to the goods
it enables them to reach large retailers directly.
it enables them to control channel activities
14
The use of intermediaries enables producers to make larger profits because intermediaries
may sell more than the producer could sell on its own
help to reduce the per-unit costs of goods
increase the number of retailer-to-producer contacts
enable producers to use direct distribution
15
Which of the following is an example of an ultimate consumer:
A teenager buying her/his first car
A farmer buying seed for crops that will be sold at market
A restaurant owner buying a new oven for the restaurant's kitchen
A manager buying office supplies
16
Which of the following is a benefit of channels of distribution:
We can more easily obtain products from all over the world
Producers must spend more money.
Retailers must spend more money.
We spend more time looking for products we want.
17
Walmart, Domino's, and Avis Rent-a-Car are examples of
industrial distributors
retailers
agents
wholesalers
18
Which of the following retailers would be most likely to be part of the producer-to-retailer-to-consumer channel:
large retail chain
small boutique
specialty shop
locally owned pharmacy
19
What is the most common channel of distribution for large industrial goods?
Producer to wholesaler to retailer to consumer
Producer to industrial user
Producer to agent to industrial distribution to user
Producer to wholesaler to retailer to consumer
20
Which of the following is a direct channel of distribution for consumer goods and services:
producer to ultimate consumer
producer to industrial user
producer to retailer to consumer
producer to distributor to consumer
21
What distribution channel is used for high-priced industrial goods when the producer does
NOT
have its own sale force?
Producer to agent to industrial distributor to user
Producer to agent to user
Producer to industrial user
Producer to industrial distributor to user