Reference no: EM132252154
1. The slowest transportation is typically by
A. rail.
B. water.
C. truck.
D. air.
2. Considering weight, the most expensive transporting mode is:
A. pipelines.
B. railroads.
C. trucks.
D. inland waterways.
E. airfreight.
3. Regarding the storing function:
A. Public warehouses are storing facilities owned or leased by companies for their own use.
B. Private warehouses are most useful when a company does not have a regular need for space.
C. Public warehouses are independent storing facilities and provide a full range of services.
D. Private warehouses are designed to speed the flow of goods.
E. None of these alternatives is correct.
4. A cheese processor having regular need for regional storage of a large quantity of cheese probably should use ______________ warehouses.
A. public
B. private
C. general merchandise
D. commodity
5. Transporting cost as a percentage of selling price is lowest for:
A. sand
B. factory machinery
C. pharmaceuticals
D. chemicals
E. cabbage
6. _________ covers all of the activities involved in the sale of products to final consumers.
A. Distributing
B. Retailing
C. Manufacturing
D. Wholesaling
E. Marketing
7. Which of the following is an economic need which helps explain why consumers choose a particular retailer?
A. Prestige
B. Status
C. Comfort
D. Value
E. Safety
8. Specialty shops generally:
A. want to be known for the distinctiveness of their product assortment and the special services they offer.
B. sell homogeneous shopping products.
C. are very good at speeding turnover.
D. carry complete lines-like department stores.
E. All of these alternatives are correct for specialty shops.
9. Department stores:
A. Are no longer a major retail force in large U.S. cities.
B. Have increased in number since the 1970s.
C. Usually offer many product lines.
D. Have increased their share of retail business since the 1970s.
E. Are not threatened by mass-merchandising retailers.