Supply chain management faces additional challenges, such as those related to quality production and distribution systems, when companies enter growing global markets.

True (Supply chain economics, moderate) More test answers on https://studyhippo.com/isds-final-chapter-11/

Combines successive stages of production and distribution under single ownership, where channel leadership is established through common ownership

Corporate vertical More test answers on https://studyhippo.com/mkt-ch-10/

Marketing system in which independent firms at different levels of production and distribution join together through binding agreements

Contractual vertical More test answers on https://studyhippo.com/mkt-ch-10/

Economics is about allocating resources for doing which of the following processes involving goods and services? A. Consumption and destruction B. Innovation and efficiency C. Production and distribution D. Expansion and stagnation

C. Production and Distribution More test answers on https://studyhippo.com/economics-mid-term-4/

Which of the following best explains why the game of economics cannot eliminate scarcity? A. The population of the Earth has grown too large to be sustained by the available natural resources. B. Technology has not advanced far enough to create fully efficient systems of production and distribution. C. Human intellectual capacities are too limited to allow them to make rational allocation decisions. D. No matter how much supply is produced, people’s demands will always increase to exceed supply.

D. No matter how much supply is produced, people’s demands will always increase to exceed supply. More test answers on https://studyhippo.com/economics-mid-term-4/

Leadership over production and distribution is assumed through the size and power of one or few dominant channel members

Administered vertical marketing system More test answers on https://studyhippo.com/mkt-ch-10/

23) A(n) ________ marketing system is a marketing system that combines successive stages of production and distribution under a single ownership, where channel leadership is established through common ownership. A) contractual vertical B) corporate vertical C) administered vertical D) horizontal E) direct

B) corporate vertical More test answers on https://studyhippo.com/marketing-an-introduction-chapter-10-and-11-mc/

The person who is directly responsible for the company’s operations, such as research and development, production and distribution is the

COO – Chief Operating Officer More test answers on https://studyhippo.com/accounting-102-review-for-midterm-56563/

Home Value Inc., Max Cart Inc., and Nice Necessities Inc. are three consumer-product retailing companies. Their products consist primarily of day-to-day items that are easy to imitate and sell. All three companies use the same resources and capabilities in the production and distribution of their products. Which of the following is an implication of the market condition indicated in this scenario? A. Resource immobility of the firms will be low. B. The industry structure will be far from perfect competition. C. Barriers to entry within the industry will be high. D. Any advantage that one firm has will be short-lived.

D. Any advantage that one firm has will be short-lived. More test answers on https://studyhippo.com/4700-chapter-4/

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Production And Distribution Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Production And Distribution and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Production And Distribution and get quick solutions for your test.

What is Production And Distribution?

Production and distribution are two of the most important aspects of any business or organization. Production is the process of creating goods and services to meet a need or demand, while distribution involves getting these goods and services to their intended recipients. Both processes are essential for an organization to be successful, as production creates value that can be shared with customers, while distribution ensures those products reach those who require them.Production starts with the identification of customer needs, followed by the development of products or services that meet those needs. This involves gathering resources such as materials, labor and technology needed for production, as well as planning out how best to use these resources in order to make a quality product. Quality control measures should also be put into place throughout production in order to ensure consistent quality output from each stage of manufacturing. Once production has been completed, the company then moves on to its distribution plan in order to get its products out into the marketplace.Distribution begins with identifying potential buyers or consumers who may have an interest in purchasing a company’s product or service. Market research is used here in order to determine which markets would be most receptive towards certain items and what kind of pricing structure should be used when selling them. This is followed by creating marketing strategies geared toward reaching potential consumers through advertising campaigns, promotional events and other methods designed to get people interested in buying a company’s products or services. Once these customers have been identified it’s up to the company’s distribution network including retailers, wholesalers and other channels to get their goods out into the market so that they can ultimately reach their target audience. In conclusion, both production and distribution are essential components for any business looking for success; without either one functioning properly it would be difficult for an organization’s goals to be achieved effectively.