Studied by 1 personOnline shopping can be categorized into which of the following types of retailers?
Non-store retailers
Which of the following types of distribution involves distributing products to one intermediary within a protected territory of a geographic area?
Exclusive distribution
Which of the following types of distribution involves distributing products to all suitable intermediaries for complete market coverage?
Intensive distribution
A real estate agent is an example of which of the following types of intermediaries?
Broker
Which of the following types of wholesalers deals with special products in bulk without physically handling the actual products?
Drop shippers
Oil and natural gas are frequently transported through which of the following distribution methods?
Pipeline
Which of the following types of storage is created to meet the needs of its owner?
Private warehouse
Which of the following types of storage is a balance between public and private warehousing?
Distribution center
Which of the following is the key method for moving heavy and bulky products, such as coal and lumber, across long distances?
Railroad
Which of the following shipping methods is particularly important in international product shipping?
Waterway
Which of the following checking methods involves writing a description of the shipment and counting the items before actually looking at the shipping invoice?
Blind check
Which of the following is NOT a physical inventory system?
Manual system
Which of the following checking methods involves randomly inspecting one carton of a shipment for quantity and another carton for quality?
Spot check
Which of the following methods for marketing goods involves marking the price before delivering to distributor or retailer?
Source marking
Which of the following does NOT cause inventory shrinkage?
Embezzlement
Physical distribution connects a business to its customers.
TRUE
UPC bar codes can capture product information at the point of sale.
TRUE
Which of the following is the leading cause of shrinkage?
Employee theft
Which of the following terms describes the product path from the producer to the final customer?
A channel of distribution
Perpetual inventory systems are usually conducted once a year.
FALSE
Which of the following is a disadvantage of rail transportation?
Lack of flexibility
Air transportation is the most common form of transportation in physical distribution.
FALSE
Which of the following accurately describes storage?
Holding goods until they are sold
Which of the following accurately describes a "blind check" of merchandise?
Checking the shipment before checking the invoice
Which is NOT an intensity level of distribution?
Distinctive
Which of the following was NOT listed as a benefit of international trade?
Distributes wealth
What is described as a policy in which there is no government regulation and countries may trade as they please?
Free trade
Which of the following defines balance of trade?
The difference between amount exported and amount imported
Which of the following allows countries which are members to impose a uniform tariff on trade with countries which are not members?
A free trade agreement
A trade deficit occurs in which of the following situations?
When imports are greater than exports
As discussed in the segment, what rates are determined freely and the rate will fluctuate day to day?
Flexible exchange rate
Which of the following is true of tariffs?
They are different for each country
A tariff which is a percentage of the value of the import is known as which of the following?
Ad valorem
Which of the following is NOT a type of trade barrier?
Hold
Which of the following are used to maintain and manipulate prices as stated in the segment?
Quota
Which of the following countries is NOT a member of NAFTA?
Greenland
Who took over the General Agreement on Tariffs and Trade in 1994?
World Trade Organization
Japan has a surplus of chocolate and decides to sell it in the United States at a price which is lower than the price at which it is sold in Japan. This is known as which of the following?
Dumping
What can be described as an agreement among more than two nations who share similar trade interests?
Multilateral trade agreements
Which of the following accurately describes a trade agreement?
A contractual arrangement among countries concerning trade relationships and policies on trade barriers
What occurs when one country refuses to buy goods from another country?
Boycott
What are payments made by the government and given to producers to be a contender with competitors?
Subsidies
Which of the following was listed as a good area for Free Trade Zones?
Seaports
What does NAFTA stand for?
North American Free Trade Agreement
An ad valorem would be considered which of the following?
Tariff
When was NAFTA created?
1994
Which is NOT one of the reasons international trading is important?
Expand United States affairs
Which of the following was NOT a goal of the GATT as stated in the presentation?
Eliminate supply and demand
What are items transported into a country from a foreign country?
Imports
How has international trade increased the quality and productivity of manufacturing as stated in the presentation?
Competition with other countries
Note