Marketing Concepts and Business Ownership Quiz
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Questions and Answers

Which of the following is the purpose of legal procedure?

  • A. ongoing advice
  • C. a reasonable verdict (correct)
  • D. an indictment
  • B. consistent treatment

    • Wal-mart, Chevron Texaco, and Ford Motor Company sell stock in their companies. They are examples of which type of business ownership?

  • B. Corporation (correct)
  • C. Partnership
  • D. Sole proprietorship
  • A. Franchisee

    • How do channels of distribution benefit businesses?

  • A. Lowering the prices of all industrial goods
  • C. Raising their profits each year
  • D. Allowing them to avoid all channel tasks
  • B. Getting their products to consumers more efficiently (correct)

    • Which of the following would NOT be considered an intermediary in a channel of distribution?

    <p>C. Producer</p> Signup and view all the answers

    What is a negative effect of slotting fees?

    <p>C. Limiting a small producer's ability to use direct-distribution strategies</p> Signup and view all the answers

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