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Which of the following is an example of good communication between buyer and seller?


A) disintermediation
B) selective distribution
C) reverse logistics
D) forward integration
E) order status reports

F) B) and C)
G) A) and D)

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Which of the following types of vertical marketing systems is the LEAST likely to experience channel conflict?


A) corporate vertical marketing system
B) wholesaler-sponsored voluntary chain
C) retailer-sponsored cooperative
D) franchise system
E) administered vertical marketing system

F) C) and D)
G) A) and D)

Correct Answer

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  -Intermediaries perform three basic functions. According to Figure 12-2 above, B represents a(n)  __________. A) logistical function B) transactional function C) middleman function D) facilitating function E) operational function -Intermediaries perform three basic functions. According to Figure 12-2 above, B represents a(n) __________.


A) logistical function
B) transactional function
C) middleman function
D) facilitating function
E) operational function

F) A) and C)
G) B) and D)

Correct Answer

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In terms of distribution, when marketing channel members are engaged in buying, selling, and risk taking, they are performing __________ functions.


A) logistical
B) merchandising
C) facilitating
D) implementation
E) transactional

F) A) and D)
G) B) and C)

Correct Answer

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