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NFTE Ch.21

Total questions: 21

Worksheet time: 11mins

Name
Class
Date
1.

A description of how you will structure the business itself

a)

Company Description

b)

Bibliography

c)

Mission Statement

d)

Business Model

2.

Distribution pathway in which a product goes from the producer straight to the consumer.

a)

repeat the question?

b)

Chain of Command

c)

Direct Channel

d)

Wholesale

3.

Series of steps through which products flow into or out of a business. Also referred to as a distribution channel.

a)

Distribution Chain

b)

Income Statement

c)

Logistics

4.

Way in which a product can reach the consumer; series of steps through which products flow into or out of a business. Also referred to as a distribution chain.

a)

Direct Deposit

b)

Direct Sale

c)

Distribution Channel

5.

Management of materials and processes associated with incoming and outgoing products.

a)

Operations Management

b)

Distribution Management

c)

Financial Management

6.

Distribution pathway in which the product goes from the producer to one or more intermediaries before it reaches the consumer.

a)

Indirect Channel

b)

Direct Channel

7.

Bridge between a producer and a consumer; may include agents, brokers, wholesalers, distributors, and retailers.

a)

Intermediary

b)

Indirect Channel

c)

Distribution Chain

8.

is the handling and organizing of materials, equipment, goods, and workers.

a)

Logistics

b)

Finances

9.

Is a delivery term that is followed by a word or group of words that identify a physical location at which the ownership responsibility for the shipment switches from the seller to the buyer.

a)

Intermediary

b)

Free on Board

c)

Logistics

10.

Are businesses that convert materials into goods and then sell those goods to others.

a)

Manufacturer

b)

Business Sale

c)

Logistics

11.

The specific business that converts materials into goods suitable for use, and sells those goods to others.

a)

Service

b)

Manufacturing Business

c)

Wholesale

12.

Is a price increase imposed at each link in a distribution chain or channel.

a)

Coupons

b)

Taxes

c)

Markup

13.

This is a special permit; it allows retailers to purchase goods tax-free from wholesalers and collect sales tax from final buyers.

a)

Permission

b)

Resellers Permit

c)

Wholesale Permission

d)

Retail Permission

14.

are businesses that buy goods, often from wholesalers, and resell the goods in small quantities directly to consumers, who are the final buyers.

a)

Retailers

b)

Wholesale

c)

Service

15.

are stores, supermarkets, shops, and boutiques.

a)

Wholesale

b)

Retailing Business

c)

Service

d)

Manufacturer

16.

businesses that provide and sell services to

customers.

a)

Service Business

b)

Wholesalers

c)

Cooperative

17.

business working with different kinds of products which are sold for consumer, businesses or government purposes.

a)

Wholesaler

b)

trade business

c)

resellers

18.

a person or company that sells goods in large quantities at low prices, typically to retailers.

a)

Retailer

b)

Wholesaler

c)

Service

19.

firm that buys large quantity of goods from various producers or vendors, warehouses them, and resells to retailers

a)

Wholesaling Business

b)

Retailing Business

c)

Service

d)

Resellers

20.

Bjs (the store) is an example of

a)

Wholesaler

b)

Retailer

c)

Service

21.

Footlocker is an example of a

a)

Service

b)

Retailer

c)

Wholesaler