MKTG Unit 4 Test Prep

MKTG Unit 4 Test Prep

10th Grade

20 Qs

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MKTG Unit 4 Test Prep

MKTG Unit 4 Test Prep

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Whitney Peavy

Used 2+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of inventory  is an example of a company's inventory?

a rug that has already been purchased by a customer

employees who perform accounting for the company

boxes of noodles on a grocery store shelf

a list of items that the company wants to order

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What problem is a store likely to face if it orders too much inventory?

running out of inventory when there is a demand

paying too much in storage and insurance for the inventory

losing customers to competitors that offer the same product

missing the chance to get price breaks on large orders

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process and method of bringing a product or service to the consumer is known as __________.

place utility

economic utility

price utility

distribution

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you want to keep prices low and get products to consumers quickly, what should you do?

Make the distribution chain longer.

Avoid distributing the product.

Use more distributors.

Keep the distribution chain short.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method of tracking inventory is the most secure and expensive?

RFID tags

item numbers

barcodes

physically counting the items

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a product goes through other companies, such as wholesale and retail companies, before reaching the consumer, it is known as __________.

direct distribution

indirect distribution

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount of satisfaction a consumer receives from a particular product or service?

place utility

distribution

economic utility

time utility

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