chapter 11.3

Question 1

activities in getting products to the end user

Answer 1

place

Question 2

businesses, people, and activities involved in turning raw materials into products and delivering them to end users

Answer 2

supply chain

Question 3

the path that goods take through the supply chain

Answer 3

channel of distribution

Question 4

a path directly from a manufacturer to end users without using intermediaries

Answer 4

direct channel

Question 5

uses intermediaries to get the product from the manufacturer to the end users

Answer 5

indirect channel

Question 6

businesses that creates goods and services

Answer 6

producers

Question 7

Natural resources (raw materials), agricultural goods, finished goods

Answer 7

three types of products that are produced

Question 8

businesses or people that take natural resources from the land

Answer 8

extractors

Question 9

raise crops and livestock that are sold to end users

Answer 9

farmers

Question 10

use supplies from other producers to make products

Answer 10

manufacturers

Question 11

people and businesses between manufacturers/producers and end users

Answer 11

intermediaries (channel members)

Question 12

sales and marketing activities for the business

Answer 12

transactional function

Question 13

physically moving products from the manufacturers to distributors, retailers, or end users

Answer 13

logistics function

Question 14

selling product to end users

Answer 14

facilitating function

Question 15

purchases large amounts of goods directly from manufacturers ; distributor

Answer 15

wholesaler

Question 16

buy products from wholesaler or directly from producers and sells them to consumers for profit

Answer 16

retailers

Question 17

sells directly to consumers in ways that do not involve a physical store location

Answer 17

nonstore retailer

Question 18

retailers that sell products through websites

Answer 18

e-tailers

Question 19

sell products through both brick-and-mortar stores and online sites

Answer 19

multi-channel retailers

Question 20

earns profits by providing consumers with services that meet their needs and wants

Answer 20

service business

Question 21

provides labor based on specialized knowledge and skills

Answer 21

trade industry

Question 22

gives end user possession of goods

Answer 22

distribution

Question 23

the process of separating a large quantity of goods into smaller quantities for resale

Answer 23

bulk-breaking

Question 24

a company that organizes shipments

Answer 24

freight forwarder

Question 25

the physical movement of products through the channel of distribution

Answer 25

transportation

Question 26

any motor vehicle that moves products on highways and roads

Answer 26

motor transportation

Question 27

the second most often used mode of transportation in the united states

Answer 27

rail transportation

Question 28

the most expensive method of transporting products

Answer 28

air transportation

Question 29

ocean-going ships, inland ships, and coastal ships

Answer 29

water transportation

Question 30

a line of connected pipes that are used for carrying liquids and gasses over a long distance

Answer 30

pipeline

Question 31

used to download books and music onto digital devices

Answer 31

digital transportation