Everything You Should Know About Marketing! Trivia Questions

20 Questions | Total Attempts: 149

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Everything You Should Know About Marketing! Trivia Questions

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Questions and Answers
  • 1. 
    Buyers can be encouraged to purchase new merchandise by offering extra dating.
    • A. 

      True

    • B. 

      False

  • 2. 
    A national chain engages in cetralized buying in order to save money and present a unified image to its customers.
    • A. 

      True

    • B. 

      False

  • 3. 
    A purchasing manager does not review the master prodduction schedule.
    • A. 

      True

    • B. 

      False

  • 4. 
    Resellers evaluate want slips to determine if requests are warranted.
    • A. 

      True

    • B. 

      False

  • 5. 
    Three types of puchase situations include: new task purchases, modified rebuy, and straight rebuy.
    • A. 

      True

    • B. 

      False

  • 6. 
    What figure is the basis for all other sales projection figures in a merchandise plan?
    • A. 

      Planned reductions

    • B. 

      Planned sales

    • C. 

      BOM stock

    • D. 

      Planned purchases

  • 7. 
    Skaterz World wants to reduce its planned reductions by 5 percent from last year's figure of $700. what would be the planned recution amount for this year?
    • A. 

      $59.50

    • B. 

      $665

    • C. 

      $595

    • D. 

      $255.50

  • 8. 
    Materials requirement planning for industrial markets is part of what overall business activity?
    • A. 

      Goal-setting

    • B. 

      Purchasing

    • C. 

      Production planning

    • D. 

      Supplier selection

  • 9. 
    Arabesque Dancewear store had $67,500 in sales in January and its BOM stock inventory was $135,000. What was its stock-to-sales ratio?
    • A. 

      2

    • B. 

      2.5

    • C. 

      2.75

    • D. 

      1.5

  • 10. 
    What type of purchasing situation would be regularly ordering staple goods from a familiar vendor?
    • A. 

      Modified-rebuy

    • B. 

      Straight-rebuy

    • C. 

      New-task purchase

    • D. 

      Wholesale purchase

  • 11. 
    The amount of inventory a store has at months end
    • A. 

      EOM stock figure

    • B. 

      Planned reduction

    • C. 

      Modified rebuy

    • D. 

      Open-to-buy

  • 12. 
    Amount of money a retailer has left for buying goods after considering purchases
    • A. 

      Consignment buying

    • B. 

      Memorandum buying

    • C. 

      Decentralized buying

    • D. 

      Organizational buying

  • 13. 
    Purchase goods for business purposes
    • A. 

      Organizational buying

    • B. 

      Memorandum buying

    • C. 

      Decentralized buying

    • D. 

      Consignment buying

  • 14. 
    Requires a buyer to investigate new vendors
    • A. 

      Modified rebuy

    • B. 

      Open-to-buy

    • C. 

      Planned reduction

    • D. 

      Discounts

  • 15. 
    Retail decisions are made at lower levels of organization
    • A. 

      Memorandum buying

    • B. 

      Decentralized buying

    • C. 

      Organizational buying

    • D. 

      Consignment buying

  • 16. 
    Good are paid for only after the final customer purchases them.
    • A. 

      Consignment buying

    • B. 

      Decentralized buying

    • C. 

      Memorandum buying

    • D. 

      Organizational buying

  • 17. 
    Supplier takes back any unsold goods by pre-established date.
    • A. 

      Memorandum buying

    • B. 

      Decentralized buying

    • C. 

      Organizational buying

    • D. 

      Consignment buing

  • 18. 
    Procures goods used in service and manufacturing businesses
    • A. 

      Purchaing manager

    • B. 

      Discounts

    • C. 

      Open-to-buy

    • D. 

      EOM stock figure

  • 19. 
    Any reductions from quoted price.
    • A. 

      Discounts

    • B. 

      Open-to-buy

    • C. 

      Planned reduction

    • D. 

      Modified rebuy

  • 20. 
    Loss of merchandise and revenue due to price reductions and theft.
    • A. 

      Planned reductionn

    • B. 

      Modified rebuy

    • C. 

      Open-to-buy

    • D. 

      Unexpected

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