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