Review of Pre-Assessment

Farming is most like which type of business?

• service

• manufacturing

• wholesaling

• extraction

Small manufacturers of consumer goods sell

• directly to customers

• to retailers

• to wholesalers

• all of the above

Auto repair is an example of which type of business?

• service

• retailing

• trade

• manufacturing

Wholesalers are also know as

• go-betweens

• distributors

• middlemen

• all of these

A business that sells goods directly to consumers on the internet is a

• retailing business

• manufacturing business

• wholesaling business

• service business

In a distribution channel, an "intermediary" is a bridge between a

• manufacturer and consumer

• broker and agent

• producer and retailer

• none of these

The management of materials and processes associated with incoming and outgoing products is called

• production management

• distribution management

• strategic management

• operations management

The handling and organizing of materials, equipment, goods, and workers is called

• automation

• logistics

• operations

• none of the above

Which of the following is an example of an ultimate consumer

• A teenager buying her/his first car
• A manager buying office supplies
• A farmer buying seed for crop that will be sold at market
• A restaurant owner buying a new oven for the restaurant’s kitchen

What type of intermediary would purchase baseball bats from one producer, mitts from another, and balls from still another, and then sell an assortment to sporting goods stores

• Agent
• Producer
• Retailer
• Wholesaler