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Product Development & Distribution Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Temporal discrepancy is described by which of the following?

Question 2 2. A cell phone assembler is planning the size of its production run for the upcoming holiday season. To produce the right number of phones, they should first look at the _____.

Question 3 3. Define 'focus groups':

Question 4 4. Evaluate the meaning of channel power.

Question 5 5. What logistics activity involves managing the flow of goods into and out of a warehouse?

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Question 6 6. Who makes their profits by collecting a fee or commission based on the amount of sales they are successful at delivering for the producer?

Question 7 7. What type of integration is when two or more companies have social relationships that guide their interactions?

Question 8 8. Which of the following is NOT correct about the introductory stage?

Question 9 9. Which of the following is an example of a functional intermediary?

Question 10 10. What type of integration ensures that each part of the supply chain is accountable for meeting its own goals?

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Question 11 11. A company distributes watches to only high-end jewelry stores. What type of distribution strategy is being used?

Question 12 12. If you want to be in the thick of a physical retail location but not have a traditional retail store, which of the following would provide you the option?

Question 13 13. Why might someone choose to sell their item through telemarketing versus direct marketing?

Question 14 14. If a bookseller decides to sell books online through a website it developed, what type of retailing is being employed?

Question 15 15. What does a product life cycle consist of?

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Question 16 16. Inventory control involves which of the following?

Question 17 17. What is the best explanation of logistics?

Question 18 18. If you are calling sales prospects in hopes of selling a product, what type of non-store retailing are you engaged in?

Question 19 19. A computer manufacturer signs a contract with an electronics retailer to ensure products are sold by that retailer in specific countries. What type of distribution strategy is being used?

Question 20 20. What is the best explanation of a wholesale intermediary?

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Question 21 21. A retail salesperson demontrating the features of a product is providing what type of utility?

Question 22 22. Tom is the owner of an IT company. His company is aware that they are experiencing too many competitors. They have even turned towards service and repair as a way of increasing revenue. Why do you think the product of Tom's company has reached the maturity stage?

Question 23 23. Which of the following is an example of product development?

Question 24 24. Which is the BEST explanation of a functional intermediary?

Question 25 25. What is breaking down complex tasks into simpler ones and training specialists to accomplish the tasks?

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Question 26 26. A wholesaler providing a sales catalog of various products is an example of it providing what type of utility?

Question 27 27. How is profitability best defined?

Question 28 28. How does product distribution work?

Question 29 29. In which industrial sector is Supply Chain Management most common?

Question 30 30. What is supply chain integration?

Product Development & Distribution Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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