Everything You Should Know About Marketing! Trivia Questions

20 Questions | By Jfoisy | Last updated: Mar 20, 2022 | Total Attempts: 151

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Everything You Should Know About Marketing! Trivia Questions - Quiz

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