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Questions and Answers
A drop shipper collects products from a manufacturer and ships them to a retailer.
A drop shipper collects products from a manufacturer and ships them to a retailer.
False
In business, the cost of physical distribution is surpassed only by the cost of labor.
In business, the cost of physical distribution is surpassed only by the cost of labor.
True
Intermodal transportation combines two or more transportation modes to maximize the advantage of each.
Intermodal transportation combines two or more transportation modes to maximize the advantage of each.
True
Shipping between Seattle, Washington, and Los Angeles, California is called intracoastal shipping.
Shipping between Seattle, Washington, and Los Angeles, California is called intracoastal shipping.
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Advance dating means that a manufacturer and a purchasing agent will arrange the merchandise shipping date in advance of the time when the merchandise is needed.
Advance dating means that a manufacturer and a purchasing agent will arrange the merchandise shipping date in advance of the time when the merchandise is needed.
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Real-time inventory is an essential part of e-business.
Real-time inventory is an essential part of e-business.
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Extra dating is used to encourage a buyer to purchase new merchandise.
Extra dating is used to encourage a buyer to purchase new merchandise.
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A national chain engages in centralized buying in order to save money and present a unified image to its customers.
A national chain engages in centralized buying in order to save money and present a unified image to its customers.
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Some staple items in a retail business rarely have price changes and can be marked by the pre-retailing marking method.
Some staple items in a retail business rarely have price changes and can be marked by the pre-retailing marking method.
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A company's profit is equal to its return on investment.
A company's profit is equal to its return on investment.
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Retailers operating in states with minimum price laws can use the loss leader technique to attract customers.
Retailers operating in states with minimum price laws can use the loss leader technique to attract customers.
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Bartering involves the exchange of goods or services for a mutually agreed-on amount of money.
Bartering involves the exchange of goods or services for a mutually agreed-on amount of money.
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Outdated technology in the U.S. may be in the growth stage in other global markets.
Outdated technology in the U.S. may be in the growth stage in other global markets.
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Employee discounts are usually provided to justify paying employees a lower wage.
Employee discounts are usually provided to justify paying employees a lower wage.
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A retailer who discounts an item's retail price reduces his or her markup on the item.
A retailer who discounts an item's retail price reduces his or her markup on the item.
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Trade discounts are based on the manufacturer's price to the wholesaler or retailer.
Trade discounts are based on the manufacturer's price to the wholesaler or retailer.
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