Unit 4.00 Test

Front

What is the role of a producer in the economy?

Back

To make or provide goods and services

Front

Which of the following is an example of an ultimate consumer? A farmer growing corn, A construction company buying steel, A person using a dishwasher at home, A wholesaler selling goods to retailers

Back

A person using a dishwasher at home

Front

What is the primary function of a wholesaler?

Back

To buy goods from producers and sell them to retailers

Front

Which of the following is NOT a type of intermediary? Retailer, Wholesaler, Agent

Back

Producer

Front

What is the role of an agent in the distribution channel?

Back

To assist in the sale and promotion of goods without owning them

Front

Which of the following businesses is an example of a retailer? A company manufacturing pharmaceuticals, A neighborhood gas station, A construction company buying materials, A wholesaler selling to retailers

Back

A neighborhood gas station

Front

What is the main purpose of channels of distribution?

Back

To facilitate the movement of goods and services from producers to consumers or users

Front

Which of the following is a function performed by intermediaries?
Consuming goods for personal satisfaction,
Breaking down large quantities of goods,
Producing goods and services,
Using goods in the operation of a company

Back

Breaking down large quantities of goods

Front

What is the primary role of a purchasing specialist in a business?

Back

To buy goods and services for the company

Front

Which of the following is NOT a type of purchasing in the corporate world?
Buying for resale, Buying for transformation, Buying for business use, Buying for entertainment

Back

Buying for entertainment