WorksheetsMarketing Management Study Guide EOPA (Distribution Pt. I)
Total questions: 35
Worksheet time: 18mins
Which form of external theft listed below involves stealing merchandise from a store?
Shrinkage
Employee Theft
Shoplifting
Robbery
Which of external theft listed below involves stealing money or merchandise from a store using violence or threats?
Shrinkage
Employee Theft
Shoplifting
Robbery
Mark True or False next to each scenario below to indicate if it is employee theft or not.
An employee takes paper, pens, and a calculator to use in their college class
True
False
Mark True or False next to each scenario below to indicate if it is employee theft or not.
An employee is given a dress from the bridal store she works at by the owner of the company as a bonus.
True
False
Mark True or False next to each scenario below to indicate if it is employee theft or not.
An employee eats food during his break at a fast food chain and then pays for it that afternoon when he gets paid
True
False
Mark True or False next to each scenario below to indicate if it is employee theft or not.
An employee takes $20 from the cash register and returns it next week
True
False
Mark True or False next to each scenario below to indicate if it is employee theft or not.
An employee gives her friends a free product from the company as her way of saying thanks for being a good friend
True
False
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Have employees stationed in various parts of the store
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Educate employees
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Use of cameras and closed circuit television to monitor
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Use of two-way mirrors
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Hire security personnel
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Use mystery shoppers
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Have an effective store layout with good lighting
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Lock display cases
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Limit amount of cash on site
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
For the security precaution listed below, select the option(s) that would help deter shoplifting, robbery, or employee theft. Use S, R, and ET to indicate your choice
Never leave employees to work alone
S (Shoplifting)
R (Robbery)
ET (Employee Theft)
What four activities are involved in distribution?
Physical distribution
Purchasing
Inventory storage
Inventory control
Demographics
What makes distribution an important function in marketing?
It helps inform customers
It helps customers make a decision about a purchase
It gets the product to the consumer at the right time and place.
It helps the company make good marketing decisions
Identify the purpose for a business to use inventory control systems.
For example, companies must be careful not to order too many products because it costs the company a lot of money and the products could go bad if they are not sold. However, the company must also meet demand and have it available for customers to purchase
Manage the amount of products
Theft
Errors
Identify the purpose for a business to use inventory control systems.
For example, by controlling how much products are in inventory will help businesses identify theft in their company.
Manage the amount of products
Theft
Errors
Identify the purpose for a business to use inventory control systems.
For example, companies will be able to identify errors in the point-of-sale system.
Manage the amount of products
Theft
Errors
Which of the following help a business keep stock based on sales and allow them to spend money based on a planned budget?
Dollar control
Unit control
Stock turnover
Stock lists
For each type of inventory control system, select examples that a company may use:
I.e. Perpetual Inventory Control
Manual
Computer based
Visual control
Tickler
Annual Inventory Control
For each type of inventory control system, select examples that a company may use:
I.e. Physical Inventory Control
Manual
Computer based
Visual control
Tickler
Annual Inventory Control
Theft, human error, technological errors, and damages are all a cause of ______.
Surplus
Shortage
Shrinkage
Stock turnover
Select the 3 ways a business can reduce inventory shrinkage.
Check inventory more often
Prevent theft
Taking physical inventory
Don't check figures
If the Point-of-Sale system shows ending inventory as 890 items and the physical inventory shows 876. What is the shrinkage at that point in time?
12 items
13 items
14 items
15 items
Given the formula for stock turnover as Net Sales / Average inventory. Use algebra to solve the following problem: What was the average inventory if the stock turnover rate is 5 and the net sales were $76,850?
15370
14370
13370
16370
Select the explanation for merchandising-related discounts ,
Percentage or dollar reduction in the retail price
Cash discounts
Quantity discounts
Trade discounts
Seasonal discounts
Select the explanation for merchandising-related discounts ,
Reduction in price as a result of buying in larger quantities
Cash discounts
Quantity discounts
Trade discounts
Seasonal discounts
Select the explanation for merchandising-related discounts ,
Discounts given by manufacturers or retailers given to a company in the same trade
Cash discounts
Quantity discounts
Trade discounts
Seasonal discounts
Select the explanation for merchandising-related discounts ,
Discounts given on end of the season products as an incentive to clear out inventory and make room for the new inventory
Cash discounts
Quantity discounts
Trade discounts
Seasonal discounts
Purchasing, or the buying process is very important in a company. Identify the option that correctly places the purchasing process in order.
Option A
Option B
Option C
Rank the receiving process components in order below:
a. Goods are marked and priced to be sent out into the store b. Boxes are recorded on a receiving record
c. Merchandise is checked
d. Truck arrives at store e. Any damages are reported
f. Order is placed
F, D, A, B, C, E
F, D, B, C, E, A
A, B, C, D, E, F
B, C, D, E, F, A
