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Supply chain management involves managing both upstream and downstream value-added flows of materials.

A) True
B) False

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From the economic system's point of view, the role of marketing intermediaries is to ________.


A) facilitate the production of products without direct customer feedback
B) help a company develop a direct channel selling system
C) buy small quantities of products from producers and break them down into narrow assortments for customers
D) increase the amount of work that must be done by producers and consumers
E) transform the assortments of products made by producers into the assortments wanted by consumers

F) C) and D)
G) B) and E)

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Which of the following is true of an intensive distribution strategy?


A) It gives sole rights to select dealers in a given area.
B) It strives to make products available where and when consumers want them.
C) Compared with other distribution strategies, it uses the least number of intermediaries to sell products.
D) Compared with other distribution strategies, it provides the best support for dealers of luxury products.
E) It discards traditional intermediaries and uses direct marketing to reach customers.

F) A) and D)
G) D) and E)

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Why are more and more companies turning to third-party logistics providers (3PLs)?

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A third-party logistics provider is an i...

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Which of the following is true of a vertical marketing system?


A) It is formed when two or more companies at one level join together to follow a new marketing opportunity.
B) It is formed when a single firm sets up two or more marketing channels to reach one or more customer segments.
C) It does not give overall power to any one member in the channel.
D) It has each channel member acting as a separate business unit trying to maximize its own profits.
E) It has one channel member owning all the other channel members or has contracts with all other channel members.

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

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