Ch 7-8

Question 1

There are three main types of licensing agreements:
A) retailing, rebranding, consultation
B) exclusive distribution, importing, exporting
C) manufacturing,distribution and franchising
D) none of the above

Answer 1

C

Question 2

Purchasing shoes from an online retailer is an example of 
A)B2C
B) B2B
C) B2G
D) none of the above

Answer 2

A

Question 3

Containerization has made intermodal shipping possible because:
A) standard size containers fit on all transport methods
B) designed to stack and load with hooks
C) easy to use, and secure
D) all of the above

Answer 3

D

Question 4

Production logistics primarily manages
A) inventory and quality control
B) transportation
C) cash flow and physical distribution
D) all of the above

Answer 4

D

Question 5

Which is true about the supply chain
A) full truckloads increases transport costs
B) oil prices have no effect on domestic shipments
C) domestic sources make a simpler and shorter supply chain
D) none of the above

Answer 5

D

Question 6

Logistics is originally what kind of term
A) scientific
B) military
C) medical
D) political

Answer 6

B

Question 7

A company owns all steps of the supply chain. This is 
A) a centralized strategy
B) a decentralized strategy
C) horizontal integration
D) vertical integration

Answer 7

D

Question 8

Which is an important part of cash flow management
A) SKU
B) JIT inventory system
C) letter of credit
D) receiving process

Answer 8

C

Question 9

Insourcing is
a) relocating resources to starting country
B) transfer of major functions to another country
C) contract functions to domestic businesses
D) set up domestic divisions to manage previously international functions

Answer 9

D

Question 10

T or F

fashion is important in japan, being out of style loses face

Answer 10

True

Question 11

T or f

The easiest way to enter foreign markets is through e commerce

Answer 11

True

Question 12

T or f

Store managers are a part of logistics by ensuring enough products are in stock to satisfy consumer demands

Answer 12

True

Question 13

T or f

Domestic laws products companies doing international business

Answer 13

False

Question 14

T or f

Canada is the largest source of outsourcing for American call centers

Answer 14

False

Question 15

T or f

Off shoring is the same as outsourcing

Answer 15

False

Question 16

T or f

Optimization involves ordering a full truckload at a cheaper rate

Answer 16

True

Question 17

T or f

Near sourcing Is creating a division to handle perviously outsourced jobs

Answer 17

False

Question 18

T or f

Many businesses use customs brokers to handle tariffs and taxes

Answer 18

True

Question 19

Having an online store in more effective than a retail store

T or f

Answer 19

True

Question 20

6 promotional strategies

Answer 20

Same product same message
Same product different message
Adapted product same message
Adapted product adapted message
Different product same message
Different product different message

Question 21

vertical and horizontal integration plus ex

Answer 21

V- buy accross the supply chain ex loblaws

J-buy up the supply chain ex mcdonalds

Question 22

6 marketing activities

Answer 22

Market research
Product development
Pricing
Ads and promotion
Sales
Logistics

Question 23

4 places goods are stored and why is just in time good

Answer 23

Where made
Where received
Distribution center
Warehouse

Just in time makes goods sure they are there exactly when needed to eliminate storage

Question 24

Acquisition of carrier depends on

Answer 24

Weight 
Cost 
Speed
Destination
What is being shipped

Question 25

6 factors affecting the supply chain

Answer 25

``` Physical distribution Inventory management Storage Supplier management Information processing Cash flow ```

Question 26

Direct and indirect competition

Answer 26

Direct- same product Indirect- different product, competing for same consumer income

Question 27

What is the receiving process and two tasks the receiving manager would do

Answer 27

Provessing goods when revived Look for damage Make sure all products arrived Add SKU numbers

Question 28

5 packaging modification

Answer 28

``` Weight Color Label requirement Legal requirement Language requirement ```

Question 29

Which of the following is not true about trade shows? A) for consumers, trade shows are opportunities to buy directly from manufacturers for a public membership fee B) for retailers, provide a large number of product sources under one roof, reduce cost of buying trips C) for manufacturers and distributors selling, it is often their major sales event D) all of the above

Answer 29

A