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Chapter 17 Quiz

Total questions: 28

Worksheet time: 14mins

Name
Class
Date
1.

Today, ________ dominate supply chains.

a)

distributors

b)

manufacturers

c)

large retailers

d)

government agencies

e)

wholesalers

2.

McKenna directs her salespeople to increase the company’s share of wallet. McKenna is directing her salespeople to

a)

sell more store brands and fewer private-label products.

b)

retailing elasticity.

c)

become omnichannel salespeople.

d)

focus on male consumers, and not female consumers.

e)

focus on increasing sales to their best customers.

3.

A company that buys products from manufacturersand resells them to retailers is a

a)

warehouse

b)

wholesaler

c)

specialist.

d)

supercenter

e)

cooperative.

4.

Coca-Cola wants its product available everywhere—grocery stores, convenience stores, restaurants, and vending machines. The more exposure the products get, the more they sell. The company is employing a (an) ________ strategy.

a)

surplus distribution

b)

intensive distribution

c)

selective distribution

d)

contractual distribution

e)

exclusive distribution

5.

In omnichannel retailing, what visible element must often be adjusted because of competition faced in different channels?

a)

pricing

b)

place

c)

supply chain

d)

return policies

e)

distribution

6.

The key factor distinguishing retailers from other members of the supply chain is that

a)

they use advertising to generate demand.

b)

they sell to customers for their personal use.

c)

they sell to consumers, businesses, and government.

d)

they rarely engage in personal selling.

e)

they utilize marketing to reach consumers.

7.

Knowing what customers expect is essential. Retailers need to know which manufacturers their customers prefer, while manufacturers need to know

a)

where their target customers expect to find their products.

b)

whether the products will fill a customer’s self-actualization needs.

c)

if customers are using credit cards or cash to make purchases.

d)

how many employees the retailers have.

e)

whether customers will find the store atmospherics appropriate to the location.

8.

Eloise, a medical equipment sales rep, purchases a quick snack to eat on the way to work. She buys lunch while on the road visiting customers, and grabs bread and milk on the way home when she stops to buy gas. Eloise probably does the majority of this shopping at a

a)

drugstore

b)

convenience store.

c)

warehouse club.

d)

conventional supermarket.

e)

category specialist.

9.

Omnichannel retailers use consumer information collected from the customers’ Internet browsing and buying behavior to send dedicated emails to customers promoting specific products or services in an effort to

a)

slay the category killers.

b)

compete with off-price retailers.

c)

drive their supply chain.

d)

combat the inroads made by big-box specialty retailers.

e)

increase their share of wallet.

10.

Considering what you know about their target markets and merchandise, which of the following retailers is least likely to have an online presence?

a)

full-line discount stores

b)

off-price retailers

c)

convenience stores

d)

department stores

e)

category specialists

11.

If a manufacturer wanted to sell a full range of products in a number of different container sizes, which kind of store would the company be least likely to choose as a retailing partner?

a)

conventional supermarket

b)

convenience stores

c)

full-line discount stores

d)

supercenter

e)

warehouse club

12.

The level of difficulty a manufacturer experiences in getting retailers to purchase its products is determined by the degree to which the channel is

a)

recognized.

b)

horizontally integrated.

c)

vertically integrated.

d)

known nationally.

e)

exclusive.

13.

For retailers, when making decisions regarding place, a key ingredient to success is

a)

customer relationship management.

b)

private-label merchandise.

c)

product placement promotion.

d)

off-price placement.

e)

convenient locations.

14.

Kylie purchased some eyeliner from an Internet-based beauty supply house, and now she often receives online recommendations for other products from the same cosmetics line. These recommendations were probably the result of

a)

purchases other customers had made that day.

b)

products she may have returned to the company.

c)

the purchases she had made.

d)

items the retailer no longer carries.

e)

manufacturer clearances and overruns.

15.

Macy’s, Kohl’s, JCPenney, and Nordstrom are examples of

a)

extreme value stores.

b)

category specialist stores.

c)

department stores.

d)

discount stores.

e)

off-price retailers.

16.

Ambyah Fashions is launching a new line of one-of-a-kind designer jewelry. Each piece is handcrafted, and production volumes will be very low. To emphasize the unique nature of this jewelry, Ambyah Fashions will most likely choose ________ distribution.

a)

intensive

b)

monopolistic

c)

selective

d)

luxury

e)

exclusive

17.

Retailers can gain valuable knowledge about their customers from the transaction process and from

a)

end-of-aisle positioning studies.

b)

omnichannel flow process.

c)

store brand/private-label brand ratios.

d)

the insights of store personnel.

e)

trade industry profiles.

18.

Caruso’s Office Supplies has decided to branch out from its existing stores. It plans to start sending out a catalog and to sell its products online. Caruso’s is adopting

a)

selective distribution.

b)

a service retailing philosophy.

c)

an extreme value strategy.

d)

exclusive distribution.

e)

an omnichannel strategy.

19.

Which type of store is small and offers a limited merchandise assortment at very low prices?

a)

convenience stores

b)

outlet stores

c)

specialty stores

d)

extreme-value retailers

e)

limited assortment supermarkets

20.

Which of the following represents the best reason a manufacturer of high-end products might consider selling products in a warehouse club?

a)

The manufacturer is trying to increase market share.

b)

The warehouse club has a good reputation.

c)

There are no high-end shopping centers within a 100-mile radius of the warehouse club.

d)

The warehouse club wants to upgrade its image.

e)

The manufacturer overestimated demand or has a great deal of returned merchandise from other retailers.

21.

Generally, the larger and more sophisticated the channel member, the less likely that it will

a)

use omnichannel marketing.

b)

rely on marketing research.

c)

use intensive distribution.

d)

use supply chain intermediaries.

e)

be concerned about competitive actions.

22.

The percentage of a customer’s purchases made from a particular retailer is referred to as

a)

share of market.

b)

share of wallet.

c)

customer loyalty.

d)

customer value ratio.

e)

customer relationship management.

23.

It is often difficult for retailers to distinguish themselves from their competitors through the merchandise they carry because

a)

they do not carry enough merchandise.

b)

consumers no longer recognize brand equity.

c)

big-box food retailers are shifting into specialty store product lines.

d)

competitors can purchase and sell many of the same popular brands.

e)

there is not enough merchandise to go around.

24.

When retailers extend their services to the Internet and become ________ retailers, they are able to satisfy a broader range of customers’ needs and wants.

a)

omnichannel

b)

discount

c)

service

d)

general merchandise

e)

extreme-value

25.

In which of the following categories would a dry cleaning business be placed?

a)

services retailer

b)

category killer

c)

specialty store

d)

discount store

e)

superstore

26.

If you walk into a(n) ________, you will likely find a broad variety of merchandise, deep assortment, and customer service, with everything organized into distinct departments for displaying merchandise.

a)

discount store

b)

category specialist

c)

off-price retailer

d)

specialty store

e)

department store

27.

If you were a marketer for a clothing manufacturer and you wanted to improve revenues from irregulars, production overruns, and returns, you would be attracted to using

a)

category specialists.

b)

specialty stores.

c)

supercenters.

d)

department stores.

e)

off-price retailers.

28.

Anders purchased a number of books from Amazon.com, and he learned to trust the recommendations made to him. More than once he was pleasantly surprised at the books and authors that he discovered this way. In this case, Amazon.com was creating value for Anders through

a)

repeat business.

b)

rapid delivery.

c)

personalized offerings.

d)

interactive offerings.

e)

expanded market presence.