Placement Concept

Question 1

Process of connecting selected person to employer

Answer 1

Placement Concept

Question 2

Consists of upstream and downstream partners

Answer 2

Supply Chain

Question 3

Supply Chain includes suppliers and processes

Answer 3

Upstream Portion

Question 4

Supply Chain includes processes, distributing, and delivering products to final customers

Answer 4

Downstream Portion

Question 5

Network of individuals and companies who are involved in creating a product and delivering to customer

Answer 5

Supply Chain

Question 6

Composed of company, supplier, distributor, and customer who partner with each other who enhance the entire system

Answer 6

Value Delivery Network

Question 7

Set of Interdependent organizations that help make a product or service available for

Answer 7

Distribution Channel

Question 8

What is the purpose of Distribution Channels?

Answer 8

It reduces the number of channel transactions

Question 9

3 types of distribution channels

Answer 9

Selling directly, through retailers, and through wholesalers

Question 10

Difference of retailer and wholesaler

Answer 10

Retailer buy and sells in retail price whereas Wholesalers buy in bulk and sell at discounted price

Question 11

Information, Promotion, Contact, Matching, and Negotiation are what?

Answer 11

Transaction Completion

Question 12

Gathering and distributing information about stakeholders

Answer 12

Information

Question 13

Developing persuasive communication to stimulate purchasing

Answer 13

Promotion

Question 14

Developing persuasive communication to stimulate purchasing

Answer 14

Promotion

Question 15

Finding prospective buyers

Answer 15

Contact

Question 16

Fitting the offer to the buyers needs

Answer 16

Matching

Question 17

Reaching an agreement on price so that ownership can be transferred

Answer 17

Negotiation

Question 18

Physical Distribution, Financing, Risk Taking are what?

Answer 18

Transaction Fulfillment

Question 19

Transporting and Storing Goods

Answer 19

Physical Distribution

Question 20

Acquiring funds to cover cost

Answer 20

Financing

Question 21

Assuming the risk of carrying out the channel work

Answer 21

Risk Taking

Question 22

A layer of intermediaries that performs some work in bringing the product and its ownership closer to the final buyer

Answer 22

Channel Level

Question 23

A marketing channel that has no intermediary level

Answer 23

Direct Marketing Channel

Question 24

It had one or more than one intermediary level

Answer 24

Indirect Marketing Channel

Question 25

Refers to any dispute or disagreement, disagreement or issues between two or more channel partners

Answer 25

Channel Conflict

Question 26

Horizontal Conflict

Answer 26

Conflict between same level of channel (retailer to retailer)

Question 27

Vertical Conflict

Answer 27

Conflict between different levels (retailer to wholesaler)

Question 28

Conventional Distribution Channel

Answer 28

Channel consisting of one or more independent producer, wholesaler, and retailer

Question 29

Channel Structure in which producer, wholesaler, and retailers act as a unified system

Answer 29

Vertical Marketing System

Question 30

System in which different independent firms are tied by a contract

Answer 30

Contractual VMS

Question 31

A method in which two or more businesses at the same level collaborate to carry out activities

Answer 31

Horizontal Marketing System

Question 32

A system in which a single firm sets up 2 or more marketing channels to reach more customer segments

Answer 32

Multichannel Distribution System

Question 33

Cutting out the middlemen from the distribution channel to sell directly to customer

Answer 33

Disintermediation

Question 34

Exclusive Distribution

Answer 34

Giving a limited number of dealers the exclusive right to distribute the company’s products

Question 35

Managing of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, and customers

Answer 35

Supply Chain Management

Question 36

Movement of Materials in whole supply chain

Answer 36

Logistics

Question 37

What are the 7R’s of Logistics?

Answer 37

Right Product, Right Quantity, Right Condition, Right Place, Right Time, Right Customer, and Right Price

Question 38

Warehousing

Answer 38

Building for storing goods

Question 39

It helps companies identify which and how much stock to order, and it also tracks

Answer 39

Inventory Management

Question 40

Exclusively about managing material as it moves through supply chain

Answer 40

Transportation

Question 41

Provides information on goods and follow their delivery path with their progress and status

Answer 41

Logistic Information Management