Marketing Final Exam

Knowledge 71 one brand of tomato sauce advertises

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Unformatted text preview: valuation 70. Unprocessed extractive or agricultural products, such as copper, peanuts, soybean, bauxite, fruits, ore, and so on, that become part of finished products are examples of: a. supplies b. OEM parts c. component parts d. processed materials e. raw materials ANS: E Raw materials are unprocessed extractive or agricultural products. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Knowledge 71. One brand of tomato sauce advertises that the tomatoes it uses are processed within 24 hours of being picked to ensure product freshness. The fresh tomatoes it buys from growers are examples of: a. OEM parts b. raw materials c. component parts d. processed materials e. supplies ANS: B Tomatoes are an agricultural product. Agricultural products are a type of raw material. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 72. Farmer Pat Stein provides local restaurants with organic fruits and vegetables that have been grown without the use of pesticides or chemical fertilizers. Pat Stein is a supplier of: a. accessory parts b. supplies c. raw materials d. unprocessed extractive products e. processed materials ANS: C Raw materials are unprocessed extractive or agricultural products. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 73. Finished items ready for assembly or products that need very little processing before they become a part of some other product are called: a. supplies b. raw materials c. accessory equipment d. processed materials e. component parts ANS: E This is the definition of component parts. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Knowledge 74. Within the business market, roller belts that are purchased by vacuum manufacturers are examples of: a. supplies b. raw materials c. accessory equipment d. processed materials e. component parts ANS: E Component parts are either finished items ready for assembly or products that need very little processing before becoming a part of some other product. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 75. PAS Systems has developed an unobtrusive flashlight-alcohol detector. The flashlight readings are inadmissible in court but are used by police officers to decide whether to hold someone for a sobriety test. Each one costs $600. The manufacturer assembles a breathalyzer from one supplier with a slightly modified flashlight case from another supplier to make the new product. The breathalyzer and the flashlight case are examples of: a. major equipment b. component parts c. processed materials d. integrated parts e. accessory equipment ANS: B Component parts are either finished items ready for assembly or products that need very little processing before becoming part of some other product. PTS: 1 REF: 113 Thinking KEY:...
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