Everything You Should Know About Marketing! Trivia Questions
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- 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
Questions: 100 | Attempts: 13970 | Last updated: Oct 7, 2020
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