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Business Test 3

Authored by Brandi Roney

Business

10th Grade

Used 16+ times

Business Test 3
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53 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the efficient management of the acquisition of raw materials to the factory and the movement of products from the producer to industrial users and consumers.

Material handling
Transportation
Exchange
Distribution
Intermediation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The chain of manufacturer, agent, wholesaler, and retailer through which items like x-ray machines, dental equipment, and safety goggles flow is called a(n) ______ channel.

industrial
consumer
service
distribution
promotional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ are go-betweens that bring buyers and sellers together.

consumer marketer
broker
wholesaling agent
channel captain
distribution linchpin

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary difference between a merchant wholesaler and an agent?

the types of products it carries
the types of customers it serves
the location of its offices
whether it takes title to the product
whether direct or indirect communication is used in the transaction

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

American Pet Pro purchases pet grooming supplies from various manufacturers, sorts them, and resells them to retailers. American Pet Pro is a(n) _____ wholesaler.

merchant
agent
manufacturers'
functional
vertical

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which of the following industries are you most likely to find a broker?

furniture
real estate
toy
hardware
petrochemical

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of retailer?

factory outlets
discount stores
supermarkets
manufacturers’ representative
department stores

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