Entrepreneurship: Chapter 6 Review

Front

Are channels of distribution the routes that products take from the time they are produced to the time they arrive at a retail store?

Back

False

Front

No intermediaries are involved in the manufacturer to retailer to consumer channel option.

Back

False

Front

Retail stores can distribute their products to consumers by having convenient hours for customers, shipping directly to consumers, and being accessible through the Internet.

Back

True

Front

Most entrepreneurs who own service businesses sell their services directly to consumers.

Back

True

Front

Even businesses that do not sell goods to customers must receive goods from suppliers.

Back

True

Front

Distribution is an important component of

Back

supply chain management

Front

Intermediaries are used in

Back

indirect channels of distribution

Front

The most cost-effective channel of distribution option is

Back

manufacturer to consumer

Front

Which of the following is an example of intellectual property? Inventions, Songs, Artistic designs, All of these

Back

All of these

Front

Which of the following service businesses would use a retailer to distribute their services? Electrician, Lawyer, Film developer, Accountant

Back

Film developer