Test 5 - Question 1 1 1 point A is defined as a set of...

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Question 1 1 / 1 point A _____ is defined as a set of institutions that moves goods from the point of production to the point of consumption. Question options: A) retail system B) transpo rter C) supply chain D) franchi see E) value chain Question 2 1 / 1 point Concerning the “supply chain,” which of the following statements is true? Question options: Supply chains are so closely associat with high prices that many retailers a dropping out of supply chains and performing the functions themselves. Most supply chains will disappear wi the next decade, as all merchandise w soon be purchased directly from manufacturers. Supply chains do not aid the retailer i providing possession, form, or place utility, for the final consumer. Profits sufficient for survival and gro will be difficult for a retailer to achie without being part of an efficient, effective supply chain.
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Question 3 1 / 1 point The supply chain, or channel, is affected by five external forces: consumer behavior, competitor behavior, the socioeconomic environment, the technological environment, and: Question options: the legal and ethical environment. the natural or physical environment. personal relationships . Question 4 1 / 1 point Which of the following external forces does NOT have a major influence on the supply chain? Question options:
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Question 5 1 / 1 point Each of the following is a marketing function that retailers perform EXCEPT: Question options: A) sellin g. B) information gathering. C) pricin g. D) financi ng. E) buyin g. Question 6 1 / 1 point The eight marketing functions are buying, selling, storing, transporting, information gathering, financing, risk taking, and: Question options: A) manag ing. B) product developmen t. C) facilitat ing. D) designi ng. E) sortin g. Question 7 1 / 1 point _____ involves breaking down heterogeneous materials or product into more homogenous groups.
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Question options: Question 8 0 / 1 point Marketing institutions are classified into two categories: Question options:
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