Business English Vocabulary Quiz

What does the term 'Supply Chain' refer to?

• The process of selling products directly to consumers

• The network of businesses involved in providing goods/services to customers

• The management of financial resources in a company

• The storage of goods in a warehouse

Which of the following best describes 'Logistics'?

• The movement of goods and cargo by land, air, or sea

• Managing the flow and storage of materials, goods, information, and capital

• A business that transforms materials into goods

• A business providing goods/services to other businesses

What is 'Shipping' primarily concerned with?

• The network of businesses providing services to customers

• The management of financial transactions

• The movement of goods and cargo by land, air, or sea

• The sale of products from manufacturers to retailers

Who is referred to as a 'Supplier'?

• A business that sells products directly to consumers

• A business that provides goods/services to other businesses

• A business that transforms raw materials into finished products

• A company that manages the flow of information

Which of the following items would be considered 'Materials'?

• Finished electronics sold in a store

• Raw and manufactured goods provided by suppliers

• Services offered by a consulting firm

• Information shared between businesses

What role does a 'Manufacturer' play in the supply chain?

• They sell products directly to consumers.

• They provide goods/services to other businesses.

• They transform materials into goods using tools and labor.

• They manage the storage and distribution of goods.

What is the primary function of a 'Distributor'?

• To sell products from manufacturers to retailers

• To manage logistics and transportation

• To provide raw materials for manufacturing

• To sell directly to consumers

Who is considered a 'Retailer'?

• A business that sells products directly to consumers

• A company that provides raw materials to manufacturers

• An entity that manages shipping logistics

• A supplier of goods to distributors

What defines a 'Consumer' in the supply chain context?

• An organization that manufactures goods for sale

• A business that provides services to other businesses

• The end user of goods/services produced

• A distributor managing product sales