lOMoARcPSD| 60692662
CHAPTER 7: MARKETING CHANNEL STRATEGIES
1) Producing a product or service and making it available to buyers requires building
relaonships not only with customers but also with key suppliers and resellers in the company's
________.
A) upstream partnerships
B) markeng channels v
C) inventory providers
D) supply chain
E) downstream partnerships
Answer: D
2) The sets of rms that supply companies with the raw materials, components, parts,
informaon, nances, and experse needed to create products or services are known as
________.
A) retailers
B) upstream partners
C) distributors
D) downstream partners
E) distribuon channels
Answer: B
3) Which of the following terms refers to the wholesalers and retailers that form a vital link
between the rm and its customers?
A) factory-supply networks
B) downstream partners
C) resource banks
D) upstream partners
E) supply channels
Answer: B
4) The term supply chain is considered limited because it ________.
A) ignores the make-and-sell aspect of the market
lOMoARcPSD| 60692662
B) suggests that planning begins with raw materials and factory capacity
C) takes a step-by-step, linear view of purchase-producon-consumpon acvies
D) takes a sense-and-respond view of the market
E) suggests that planning starts with idenfying the needs of target customers
Answer: B
8) ________ play an important role in matching supply and demand by providing consumers
with a broad assortment of products in small quanes.
A) Virtual banks
B) Intermediaries
C) Price consultants
D) Uniform-delivery networks
E) Upstream partners
Answer: B
10) A ________ is a set of interdependent organizaons that help make a product or service
available for use or consumpon by the consumer or business user.
A) product line
B) product delivery network
C) markeng channel (kênh phân phối)
D) consumer base
E) resource bank
Answer: C
13) ________ play an important role in eciently making products available to target markets in
the needed variees and quanes.
A) Virtual banks
B) Intermediaries
C) Price consultants
D) Uniform-delivery networks
E) Upstream partners
lOMoARcPSD| 60692662
Answer: B
1) ________ includes all the acvies involved in selling products or services
A) Franchising
B) Retailing
C) Brokering
D) Wholesaling
E) Disintermediaon
Answer: B
1) ________ includes all the acvies involved in selling products or services to those buying for
resale or business use
B) Retailing
C) Brokering
D) Wholesaling
E) Disintermediaon
Answer: D
15) A ________ is a layer of intermediaries that performs some work in
bringing the product and its ownership closer to the nal buyer.
A) product plaorm
B) channel level
C) resource bank
D) contact center
E) customer franchise
Answer: B
16) In a(n) ________ channel,
distributes a product or service to consumers.
A) ered
B) direct
directly to nal consumers
for their personal, nonbusiness use.
the
same member
both produces and
lOMoARcPSD| 60692662
C) plaorm
D) vercal
E) exclusive
Answer: B
18) At its most basic form, a markeng channel consists of the producer and the ________.
A) retailer
B) sales agent
C) competor
D) processor
E) consumer
Answer: E
19) A markeng channel that consists of one or more intermediaries is known as a(n) ________
markeng channel.
A) cyclic
B) upstream
C) looped
D) direct
E) indirect
Answer: E
20) Plascine Palace supplies its products exclusively to Arts & Cras, a chain of staonery
stores across the country. The chain then makes the plascine available to end consumers. This
is an example of ________.
A) a direct markeng channel
B) intensive distribuon
C) an indirect markeng channel
D) disintermediaon
E) extensive distribuon
Answer: C
lOMoARcPSD| 60692662
42) Conict that occurs among rms at the same level of the markeng channel is known as
________ conict.
A) mulered
B) horizontal
C) vercal
D) prolonged
E) nancial
Answer: B
43) Conict that occurs between dierent levels of the same markeng channel is known as
________ conict.
A) horizontal
B) vercal
C) mulered
D) equilateral
E) communal
Answer: B
45) The management of two Panizza restaurants has an ongoing disagreement over the discount
rate given to students from the local high school. This is an example of ________ conict.
A) intensive
B) selecve
C) exclusive
D) horizontal
E) vercal
Answer: D
48) A(n) ________ consists of one or more independent producers, wholesalers, and
retailers, each seeking to maximize its own prots, somemes even at the expense of the
system as a whole.
A) mulered supply chain
B) convenonal
distribuon channel
lOMoARcPSD| 60692662
C) intrinsic market matrix
D) resource bank
E) product plaorm
Answer: B
49) Which of the following is true of convenonal distribuon channels? A) Channel
members have complete control over each other.
seek to maximize
their
own prots.
C) Channel conict is governed by formal mechanisms.
D) Channel members are assigned roles according to a clearly dened framework.
E) Channel members work exclusively for the good of the organizaon.
Answer: B
50) A(n) ________ markeng system consists of producers, wholesalers, and retailers acng as a
unied system.
A) horizontal
B) communal
C) mulered
D) vercal
E) equilateral
Answer: D
51) Which of the following is true of vercal markeng systems?
.
B) Channel members have no control over each other.
C) Channel conict is governed by informal mechanisms.
D) The system is dominated by the consumer.
E) Channel members work independently with no cooperaon from other members.
Answer: A
52) Which of the following is a major type of vercal markeng system?
A) Producers, wholesalers, and retailers act as a
unied
system
lOMoARcPSD| 60692662
A) corporate
B) convenonal
C) mullevel
D) intrinsic
E) extrinsic
Answer: A
53) A ________ VMS integrates successive stages of producon and
distribuon
under single ownership.
A) contractual
B) conngency
C) corporate
D) convenonal
E) communal
Answer: C
54) A ________ VMS consists of independent rms at dierent levels of producon and
distribuon who join together through formal agreements to obtain more economies or sales
impact than each could achieve alone.
A) corporate
B) conngency
C) contractual
D) communal
E) convenonal
Answer: C
55) The ________ organizaon is the most common type of contractual relaonship.
A) franchise
B) horizontal
C) convenonal
D) mul-naonal
lOMoARcPSD| 60692662
E) entrepreneurial
Answer: A
58) In a(n) ________, leadership is assumed not through common ownership or contractual es
but through the size and power of one or a few dominant channel members.
A) horizontal markeng system
B) administered VMS
C) corporate VMS
D) contractual VMS
E) convenonal VMS
Answer: B
59) ________ VMS is a vercal markeng system that coordinates successive stages of
producon and distribuon through the size and power of one of the pares.
A) Conngent
B) Aligned
C) Corporate
D) Contractual
E) Administered
Answer: E
60) In a(n) ________, two or more companies at one level join together to
follow a new markeng opportunity.
A) administered vercal markeng system
B) horizontal markeng system
C) corporate vercal markeng system
D) hybrid distribuon system
E) convenonal markeng system
Answer: B
62) When McDonald's oers its products inside of a Walmart store, it is using a(n) ________.
A) convenonal markeng system
lOMoARcPSD| 60692662
B) corporate VMS
C) contractual VMS
D) administered VMS
E) horizontal markeng system
Answer: E
3) A(n) ________ system involves a single rm seng up two or more markeng channels to
reach one or more customer segments.
A) convenonal distribuon
B) corporate vercal markeng
C) horizontal markeng
D) administered vercal markeng
E) mulchannel distribuon
Answer: E
4) Atlas Imports and Exports sells products directly to consumers via the Atlas Web site, and
through local retailers as well. Which of the following is evident here?
A) corporate vercal markeng system
B) horizontal markeng system
C) mulchannel distribuon system
D) administered vercal markeng system
E) convenonal distribuon channel
Answer: C
66) Which of the following is an advantage of adding new channels in a
mulchannel distribuon system? A) liming market complexity
B) reducing control over the system
C) expanding sales and market coverage
D) decreasing markeng needs and costs
E) minimizing mass customizaon of products
lOMoARcPSD| 60692662
Answer: C
68) ________ occurs when product or service producers cut out intermediaries and go directly
to nal buyers or when radically new types of channel intermediaries displace tradional ones.
A) Extensive distribuon
B) Mulchannelizaon
C) Disintermediaon
D) Inclusive distribuon
E) Cross merchandising
Answer: C
88) Which of the following should be a manufacturer's rst step when designing an eecve
markeng channel?
A) set channel objecves
B) analyze consumer needs
C) idenfy channel alternaves
D) evaluate channel alternaves
E) establish strategic alliances
Answer: B
89) Which of the following is NOT a step in designing an eecve markeng channel?
A) evaluang the channel alternaves
B) idenfying major channel alternaves
C) analyzing consumer needs
D) determining pricing policy for channel members
E) seng channel objecves
Answer: D
97) For which product would a company use an exclusive distribuon strategy?
A) luxury cars
B) newspapers
lOMoARcPSD| 60692662
C) chewing gum
D) dairy products
E) so drinks
Answer: A
99) ________ distribuon involves the use of more than one but fewer than all of the
intermediaries who are willing to carry a company's products.
A) Exclusive
B) Selecve
C) Intensive
D) Indirect
E) Corporate
Answer: B
100) Crasman Furniture Company oers its bedroom and living room furniture through
independent and smaller chain furniture stores, not through every store that sells furniture. It
uses ________ distribuon.
A) intensive
B) direct
C) corporate
D) selecve
E) exclusive
Answer: D
115) ________ management calls for selecng, managing, and movang individual channel
members and evaluang their performance over me.
A) Inventory
B) Markeng channel
C) Brand image
D) Customer experience
E) Brand content
lOMoARcPSD| 60692662
Answer: B
116) To help recruit, train, organize, manage, movate, and evaluate relaonships with channel
partners, companies are now installing integrated high-tech ________ systems.
A) adverser-funded programming
B) customer segmentaon network
C) brand content management
D) partnership relaonship management
E) closed loop markeng
Answer: D

Preview text:

lOMoAR cPSD| 60692662
CHAPTER 7: MARKETING CHANNEL STRATEGIES
1) Producing a product or service and making it available to buyers requires building
relationships not only with customers but also with key suppliers and resellers in the company's ________. A) upstream partnerships B) marketing channels v C) inventory providers D) supply chain E) downstream partnerships Answer: D
2) The sets of firms that supply companies with the raw materials, components, parts,
information, finances, and expertise needed to create products or services are known as ________. A) retailers B) upstream partners C) distributors D) downstream partners E) distribution channels Answer: B
3) Which of the following terms refers to the wholesalers and retailers that form a vital link
between the firm and its customers? A) factory-supply networks B) downstream partners C) resource banks D) upstream partners E) supply channels Answer: B
4) The term supply chain is considered limited because it ________.
A) ignores the make-and-sell aspect of the market lOMoAR cPSD| 60692662
B) suggests that planning begins with raw materials and factory capacity
C) takes a step-by-step, linear view of purchase-production-consumption activities
D) takes a sense-and-respond view of the market
E) suggests that planning starts with identifying the needs of target customers Answer: B
8) ________ play an important role in matching supply and demand by providing consumers
with a broad assortment of products in small quantities. A) Virtual banks B) Intermediaries C) Price consultants D) Uniform-delivery networks E) Upstream partners Answer: B
10) A ________ is a set of interdependent organizations that help make a product or service
available for use or consumption by the consumer or business user. A) product line B) product delivery network
C) marketing channel (kênh phân phối) D) consumer base E) resource bank Answer: C
13) ________ play an important role in efficiently making products available to target markets in
the needed varieties and quantities. A) Virtual banks B) Intermediaries C) Price consultants D) Uniform-delivery networks E) Upstream partners lOMoAR cPSD| 60692662 Answer: B
1) ________ includes all the activities involved in selling products or services directly to final consumers
for their personal, nonbusiness use. A) Franchising B) Retailing C) Brokering D) Wholesaling E) Disintermediation Answer: B
1) ________ includes all the activities involved in selling products or services to those buying for resale or business use B) Retailing C) Brokering D) Wholesaling E) Disintermediation Answer: D
15) A ________ is a layer of intermediaries that performs some work in
bringing the product and its ownership closer to the final buyer. A) product platform B) channel level C) resource bank D) contact center E) customer franchise Answer: B 16) In a(n) ________ channel, the same member both produces and
distributes a product or service to consumers. A) tiered B) direct lOMoAR cPSD| 60692662 C) platform D) vertical E) exclusive Answer: B
18) At its most basic form, a marketing channel consists of the producer and the ________. A) retailer B) sales agent C) competitor D) processor E) consumer Answer: E
19) A marketing channel that consists of one or more intermediaries is known as a(n) ________ marketing channel. A) cyclic B) upstream C) looped D) direct E) indirect Answer: E
20) Plasticine Palace supplies its products exclusively to Arts & Crafts, a chain of stationery
stores across the country. The chain then makes the plasticine available to end consumers. This is an example of ________. A) a direct marketing channel B) intensive distribution
C) an indirect marketing channel D) disintermediation E) extensive distribution Answer: C lOMoAR cPSD| 60692662
42) Conflict that occurs among firms at the same level of the marketing channel is known as ________ conflict. A) multitiered B) horizontal C) vertical D) prolonged E) financial Answer: B
43) Conflict that occurs between different levels of the same marketing channel is known as ________ conflict. A) horizontal B) vertical C) multitiered D) equilateral E) communal Answer: B
45) The management of two Panizza restaurants has an ongoing disagreement over the discount
rate given to students from the local high school. This is an example of ________ conflict. A) intensive B) selective C) exclusive D) horizontal E) vertical Answer: D
48) A(n) ________ consists of one or more independent producers, wholesalers, and
retailers, each seeking to maximize its own profits, sometimes even at the expense of the system as a whole. A) multitiered supply chain B) conventional distribution channel lOMoAR cPSD| 60692662 C) intrinsic market matrix D) resource bank E) product platform Answer: B
49) Which of the following is true of conventional distribution channels? A) Channel
members have complete control over each other. B) Channel members seek to maximize their own profits.
C) Channel conflict is governed by formal mechanisms.
D) Channel members are assigned roles according to a clearly defined framework.
E) Channel members work exclusively for the good of the organization. Answer: B
50) A(n) ________ marketing system consists of producers, wholesalers, and retailers acting as a unified system. A) horizontal B) communal C) multitiered D) vertical E) equilateral Answer: D
51) Which of the following is true of vertical marketing systems?
A) Producers, wholesalers, and retailers act as a unified system .
B) Channel members have no control over each other.
C) Channel conflict is governed by informal mechanisms.
D) The system is dominated by the consumer.
E) Channel members work independently with no cooperation from other members. Answer: A
52) Which of the following is a major type of vertical marketing system? lOMoAR cPSD| 60692662 A) corporate B) conventional C) multilevel D) intrinsic E) extrinsic Answer: A
53) A ________ VMS integrates successive stages of production and
distribution under single ownership. A) contractual B) contingency C) corporate D) conventional E) communal Answer: C
54) A ________ VMS consists of independent firms at different levels of production and
distribution who join together through formal agreements to obtain more economies or sales
impact than each could achieve alone. A) corporate B) contingency C) contractual D) communal E) conventional Answer: C
55) The ________ organization is the most common type of contractual relationship. A) franchise B) horizontal C) conventional D) multi-national lOMoAR cPSD| 60692662 E) entrepreneurial Answer: A
58) In a(n) ________, leadership is assumed not through common ownership or contractual ties
but through the size and power of one or a few dominant channel members.
A) horizontal marketing system B) administered VMS C) corporate VMS D) contractual VMS E) conventional VMS Answer: B
59) ________ VMS is a vertical marketing system that coordinates successive stages of
production and distribution through the size and power of one of the parties. A) Contingent B) Aligned C) Corporate D) Contractual E) Administered Answer: E
60) In a(n) ________, two or more companies at one level join together to
follow a new marketing opportunity.
A) administered vertical marketing system
B) horizontal marketing system
C) corporate vertical marketing system D) hybrid distribution system
E) conventional marketing system Answer: B
62) When McDonald's offers its products inside of a Walmart store, it is using a(n) ________.
A) conventional marketing system lOMoAR cPSD| 60692662 B) corporate VMS C) contractual VMS D) administered VMS
E) horizontal marketing system Answer: E
3) A(n) ________ system involves a single firm setting up two or more marketing channels to
reach one or more customer segments. A) conventional distribution
B) corporate vertical marketing C) horizontal marketing
D) administered vertical marketing E) multichannel distribution Answer: E
4) Atlas Imports and Exports sells products directly to consumers via the Atlas Web site, and
through local retailers as well. Which of the following is evident here?
A) corporate vertical marketing system
B) horizontal marketing system
C) multichannel distribution system
D) administered vertical marketing system
E) conventional distribution channel Answer: C
66) Which of the following is an advantage of adding new channels in a
multichannel distribution system? A) limiting market complexity
B) reducing control over the system
C) expanding sales and market coverage
D) decreasing marketing needs and costs
E) minimizing mass customization of products lOMoAR cPSD| 60692662 Answer: C
68) ________ occurs when product or service producers cut out intermediaries and go directly
to final buyers or when radically new types of channel intermediaries displace traditional ones. A) Extensive distribution B) Multichannelization C) Disintermediation D) Inclusive distribution E) Cross merchandising Answer: C
88) Which of the following should be a manufacturer's first step when designing an effective marketing channel? A) set channel objectives B) analyze consumer needs
C) identify channel alternatives
D) evaluate channel alternatives
E) establish strategic alliances Answer: B
89) Which of the following is NOT a step in designing an effective marketing channel?
A) evaluating the channel alternatives
B) identifying major channel alternatives C) analyzing consumer needs
D) determining pricing policy for channel members E) setting channel objectives Answer: D
97) For which product would a company use an exclusive distribution strategy? A) luxury cars B) newspapers lOMoAR cPSD| 60692662 C) chewing gum D) dairy products E) soft drinks Answer: A
99) ________ distribution involves the use of more than one but fewer than all of the
intermediaries who are willing to carry a company's products. A) Exclusive B) Selective C) Intensive D) Indirect E) Corporate Answer: B
100) Craftsman Furniture Company offers its bedroom and living room furniture through
independent and smaller chain furniture stores, not through every store that sells furniture. It uses ________ distribution. A) intensive B) direct C) corporate D) selective E) exclusive Answer: D
115) ________ management calls for selecting, managing, and motivating individual channel
members and evaluating their performance over time. A) Inventory B) Marketing channel C) Brand image D) Customer experience E) Brand content lOMoAR cPSD| 60692662 Answer: B
116) To help recruit, train, organize, manage, motivate, and evaluate relationships with channel
partners, companies are now installing integrated high-tech ________ systems.
A) advertiser-funded programming
B) customer segmentation network C) brand content management
D) partnership relationship management E) closed loop marketing Answer: D