Podcast
Questions and Answers
What is the primary goal of a manufacturer in the business model?
What is the primary goal of a manufacturer in the business model?
- To make a profit by selling finished products (correct)
- To distribute products to wholesalers
- To purchase noncompeting products or product lines
- To exhibit products via brick and mortar stores
What is the primary role of a franchisor?
What is the primary role of a franchisor?
- To act as a middleman between the supplier and the franchisee
- To manage the day-to-day operations of the franchisee
- To provide access to proprietary knowledge, processes, and brand trademarks (correct)
- To provide financial assistance to the franchisee
What type of business entity purchases noncompeting products or product lines?
What type of business entity purchases noncompeting products or product lines?
- Wholesaler
- Manufacturer
- Retailer
- Distributor (correct)
Which of the following is an example of a brick-and-mortar business?
Which of the following is an example of a brick-and-mortar business?
Which of the following is an example of a distributor?
Which of the following is an example of a distributor?
What is the main advantage of the bricks-and-clicks model?
What is the main advantage of the bricks-and-clicks model?
What is the primary role of a retailer in the business model?
What is the primary role of a retailer in the business model?
What is the primary characteristic of a high-touch business model?
What is the primary characteristic of a high-touch business model?
Which of the following companies spends a significant part of its revenue on maintaining a proper distribution?
Which of the following companies spends a significant part of its revenue on maintaining a proper distribution?
What is the primary characteristic of a family-owned business?
What is the primary characteristic of a family-owned business?
What type of platform do retailers use to exhibit products, aside from brick and mortar stores?
What type of platform do retailers use to exhibit products, aside from brick and mortar stores?
Which of the following companies is an example of a direct sales business?
Which of the following companies is an example of a direct sales business?
