Marketing- Distribution & Inventory Management

Marketing- Distribution & Inventory Management

Open Ended

What are the top five largest industrial distribution centers in the United States?

Multiple Choice

Which of the following inventory methods is a physical count of inventory performed at specific time intervals and is typically used by small businesses?

• Periodic inventory

• Just in time inventory

• Perpetual inventory

• Visual inventory

Multiple Choice

Which inventory method would be best used by someone selling dairy products to manage and evaluate inventory?

• JIC inventory

• HIFO inventory

• LIFO inventory

• FIFO inventory

Multiple Choice

What does HIFO, an inventory method based upon the concept of the inventory costing the most will be the first to be used or taken out of stock, stand for?

• High-Priced In, First Out

• Heaviest In, First Out

• Highest In, First Out

• Handiest In, First Out

Multiple Choice

Stands for FIRST In, Still Here

• FISH

• LIFO

• HIFO

• FIFO

Open Ended

What are the characteristics of Inventory and Distribution?