ICEV Distribution
Which of the following terms describes the product path from the producer to the final customer?
A channel of distribution
Which of the following checking methods involves writing a description of the shipment and counting the items before actually looking at the shipping invoice?
Blind check
A real estate agent is an example of which of the following types of intermediaries?
Broker
Which of the following accurately describes a "blind check" of merchandise?
Checking the shipment before checking the invoice
Which is NOT an intensity level of distribution?
Distinctive
Which of the following types of storage is a balance between public and private warehousing?
Distribution center
Which of the following types of wholesalers deals with special products in bulk without physically handling the actual products?
Drop shippers
Which of the following does NOT cause inventory shrinkage?
Embezzlement
Which of the following is the leading cause of shrinkage?
Employee theft
Which of the following types of distribution involves distributing products to one intermediary within a protected territory of a geographic area?
Exclusive distribution
Air transportation is the most common form of transportation in physical distribution.
FALSE
Perpetual inventory systems are usually conducted once a year.
FALSE
Which of the following accurately describes storage?
Holding goods until they are sold
Which of the following types of distribution involves distributing products to all suitable intermediaries for complete market coverage?
Intensive distribution
Which of the following is a disadvantage of rail transportation?
Lack of flexibility
Which of the following is NOT a physical inventory system?
Manual system
Online shopping can be categorized into which of the following types of retailers?
Non-store retailers
Oil and natural gas are frequently transported through which of the following distribution methods?
Pipeline
Which of the following types of storage is created to meet the needs of its owner?
Private warehouse
Which of the following is the key method for moving heavy and bulky products, such as coal and lumber, across long distances?
Railroad
Which of the following methods for marketing goods involves marking the price before delivering to distributor or retailer?
Source marking
Which of the following checking methods involves randomly inspecting one carton of a shipment for quantity and another carton for quality?
Spot check
Physical distribution connects a business to its customers.
TRUE
UPC bar codes can capture product information at the point of sale.
TRUE
Which of the following shipping methods is particularly important in international product shipping?
Waterway
