MC

1) Which term refers to a set of independent organizations involved in the process of making a product or service available for use or consumption?
A) value chain
C) marketing channel
B) supply chain
D) wholesale consortium
2) What should most likely be the goal of all marketing channel members?
A) moving products to retailers
B) expanding sales territories
C) reducing distribution errors
D) satisfying end-users
E) promoting products
3- Sony produces televisions and computers and sells them through electronics stores. In a marketing channel, Sony would best be described as a ________.
Trading company
Manufacturer
Wholesaler
Distributor
Retailer
4- ElectroInc produces cell phone accessories and sells them to firms such as Apple and Samsung. Apple and Samsung put their own brand names on ElectroInc products before selling them to end-users. Which term best describes ElectroInc?
Retailer
Wholesaler
Branded manufacturer
Specialized manufacturer
Private-label manufacturer
5) What general term refers to middle channel members in the marketing channel?
A) intermediaries
B) manufacturers
C) distributors
D) brokers
E) agents
6) Compu-Tech is an information technology firm that handles customer orders and payments for a variety of online retailers. Compu-Tech is most likely a(n) ________.
A) specialized intermediary
B) merchant wholesaler
C) retail intermediary
D) specialty store
E) distributor
7) Which channel function almost always moves forward from the producer to the consumer?
A) negotiation
B) promotion
C) financing
D) payment
E) risk
8) All of the following channel functions can move either upward or downward in the marketing channel EXCEPT ________.
A) information sharing
B) negotiating
C) financing
D) risk taking
E) ordering
9) Which term refers to splitting a market into groups of end-users?
A) product promotion
B) search facilitation
C) channel integration
D) segmentation
E) routinization
10) What is the most likely result of bulk breaking?
A) consumers purchasing large lots at high costs
B) end-users minimizing search time and costs
C) wholesalers maintaining steady stock levels
D) end-users carrying less unnecessary inventory
E) service providers offering more flexibility
11) Dog groomers employed by Groomer-to-Go, a mobile pet grooming salon, drive to the homes of customers to bathe and groom dogs inside the Groomer-to-Go van. The owner of Groomer-to-Go has most likely decided to meet customer demands for ________.
A) lower per unit pricing
B) customer follow-up
C) spatial convenience
D) service assortment
E) differentiation
Amazon.com offers free shipping for consumers who spend more than $25, but free shipping typically takes 7-10 days. Consumers who are willing to pay additional shipping charges receive products more quickly. Amazon’s shipping speed options are a function of which service output?
A) information sharing
B) spatial convenience
C) customer service
D) waiting time
E) bulk breaking
13) Discount department stores such as Wal-Mart, Target, and Kohl’s are most likely characterized by ________ assortments and ________ varieties of products.
A) deep; narrow
B) limited; wide
C) deep; wide
D) limited; narrow
E) wide; limited
14) What is the first step to take when segmenting end-users by service outputs?
A) dividing end-users into groups based on demographic factors
B) analyzing the buying habits of potential end-users of a product
C) identifying similar characteristics among the product’s end-users
D) listing service outputs that are potentially demanded by the product’s end-users
E) providing relevant information on service outputs to potential end-users of the product
15) According to the text, targeting means ________.
A) focusing on a single segment
B) selecting all profitable segments
C) choosing what segments not to target
D) investing in all segments that offer some potential
E) designing new marketing channels to target every segment
16) A marketing channel system in which the channels have some properties of both owned and independent channels is most likely engaged in ________.
A) offshoring
B) vertical integration
C) horizontal integration
D) quasi-vertical integration
E) classical market contracting
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