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SEM II 3.02B Vocabulary

Total questions: 9

Worksheet time: 9mins

Name
Class
Date
1.

Getting the product to the consumer when the consumer wants it.

a)

Time Utility

b)

Place Utility

c)

Possession Utility

d)

Retailer

2.

Getting the product to the consumer where the consumer wants it.

a)

Time Utility

b)

Place Utility

c)

Possession Utility

d)

Wholesaler

3.

Creating possession of the product for the consumer.

a)

Time constrants

b)

Time Utility

c)

Possession Utility

d)

Retailer

4.

Company that buys goods in large quantities specifically to resell to retailers or final consumers

a)

E-Tailer

b)

Retailer

c)

Wholesaler

d)

Distributor

5.

Company that buys goods to resell to consumers

a)

Wholesaler

b)

Retailer

c)

Agent

d)

E-Tailer

6.

Electronic retail store; buying merchandise online.

a)

Wholesaler

b)

Agent

c)

Retailer

d)

E-Tailer

7.

Person or a company who "moves" products (facilitates the sale) by taking orders for a buyer and placing the order with the producer

a)

Agent

b)

E-Tailer

c)

Retailer

d)

Wholesaler

8.

Company that buys direct from a manufacturer or producer and offers the products through a catalog or electronic system

a)

Retailer

b)

Time Utility

c)

Mail Order

d)

Wholesaler

9.

A wholesale intermediary

a)

Distributor

b)

Agent

c)

Retailer

d)

Wholesaler