(Solution) -AB 219 Quiz 8 Updated
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AB 219 Quiz 8 NEW
AB 219 Quiz 8
1. Question : Indicate whether the statement presented is true or false. A member of a marketing channel that exercises authority and power over the activities of other channel members is a channel agent.
2. Question : Agents and brokers are intermediaries who do not take title to a product but facilitate its sale from producer to end use by representing retailers, wholesalers, or manufacturers.
3. Question : Indicate whether the statement presented is true or false. Agents and brokers are wholesaling intermediaries who do not take title to product but facilitate its sale from producer to end user by representing retailers, wholesalers, or manufacturers.
4. Question : Logistics is the term that refers to the physical distribution of goods from one location to another.
5. Question : What enables companies to use another manufacturer’s already established channels?
6. Question : Indicate whether the statement presented is true or false. One of the most critical global supply chain issues for importers of any size is coping with legalities of trade in other countries.
7. Question : Reliability is the total time a carrier has possession of goods, including the time required for pickup and delivery, handling and movement between the point of origin and the designation.
8. Question : Indicate whether the statement presented is true or false. According to the concept of generalization of labor, breaking down a complex task into smaller, simpler ones and allocation them to specialists will create greater efficiency and lower average production costs.
9. Question : A distribution channel in which producers sell directly to consumers is called an express channel.
10. Question : What is the link that connects all the logistics functions of the supply chain?