Interesting Quiz On Entrepreneurship In Action! Trivia

10 Questions | Total Attempts: 108

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Entrepreneurship Quizzes & Trivia

A business does not just start big; most of the big businesses you see around started as small businesses with the hope of growth. The quiz below is designed to help you review what you got to understand in the lecture today on entrepreneurship. Be keen and try to take it after the lecture to know which questions to ask before the next segment!


Questions and Answers
  • 1. 
    When a product move directly from the manufacturer to the consumer it is a ...
    • A. 

      Product Release

    • B. 

      Direct Channel

    • C. 

      Small business distribution

    • D. 

      Indirect channel

  • 2. 
    Manufacturers usually don't sell directly to these.
    • A. 

      Retailers

    • B. 

      Wholesalers

    • C. 

      Consumers

    • D. 

      Agents

  • 3. 
    It includes the storage, handling, packaging and transportation of products within a channel of distribution.
    • A. 

      Physical Distribution

    • B. 

      Product Servicing

    • C. 

      Inventory Management

    • D. 

      None of the above

  • 4. 
    Check all options below that retail businesses have for selling products
    • A. 

      Web sites

    • B. 

      Manufacturing Plants

    • C. 

      Catalogs

    • D. 

      Auctions

    • E. 

      Stores

    • F. 

      Phone Orders

  • 5. 
    Which would be the best channel of distribution for a small business that sells custom made furniture?
    • A. 

      Manufacturer to Consumer

    • B. 

      Manufacturer to Retailer to Consumer

    • C. 

      Manufacturer to Wholesaler to Retailer to Consumer

    • D. 

      Manufacturer to Agent to Wholesaler to Retailer to Consumer

  • 6. 
    If you buy Pillsbury frosting for your cupcakes at Market Basket, what was the most likely channel of distribution?
    • A. 

      Manufacturer to Consumer

    • B. 

      Manufacturer to Retailer to Consumer

    • C. 

      Manufacturer to Wholesaler to Retailer to Consumer

    • D. 

      Manufacturer to Agent to Wholesaler to Retailer to Consumer

  • 7. 
    Choosing the right channel of distribution for a product includes finding the most efficient way to ship it to desired locations.
    • A. 

      True

    • B. 

      False

  • 8. 
    The downside of more steps in the distribution channels, however, means that the product cost will be higher.
    • A. 

      True

    • B. 

      False

  • 9. 
    Service businesses have the same options for distribution channels as a retail business.
    • A. 

      True

    • B. 

      False

  • 10. 
    Agents and Wholesalers serve as these in an indirect channel of distribution.
    • A. 

      Entrepreneurs

    • B. 

      Storage Locations

    • C. 

      Advisors

    • D. 

      Intermediaries

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