DECA MARKETING CLUSTER EXAM #1028 (1-50) | COMPLETE SOLUTIONS | 100% GUARANTEED FOR PASS
One business promising to do something for another business in return for receiving compensation is an
example of a
A. partnership. C. contract.
B. benefit. D. guarantee. - C
(Contracts are ...
One business promising to do something for another business in return for receiving
compensation is an
example of a
A. partnership. C. contract.
B. benefit. D. guarantee. - C
(Contracts are agreements among two or more parties stating that one party is to do
something in return for something provided by another party. If one business promises
to do something for another business in return for receiving compensation, the two
businesses have a contract. Then, the businesses are obligated to fulfill their part of the
contract. In most cases, contracts benefit both parties, although promising to do
something in return for receiving compensation is not necessarily a benefit. A
partnership is a form of business ownership in which the business is owned by two or
more persons. A guarantee is a promise to the consumer that a product's purchase
price will be refunded if the product is not satisfactory.)
Which of the following is an activity covered by environmental regulations that affects
businesses:
A. Counseling substance abusers C. Adapting to worker safety
B. Identifying natural resources D. Disposing of hazardous waste - D
(Disposing of hazardous waste. The federal government created the Environmental
Protection Agency (EPA) in an effort to control and reduce pollution. The EPA enforces
various laws and rules, some of which involve the way that businesses dispose of
hazardous materials such as medical and nuclear
waste. Businesses are required to follow EPA regulations which often are costly to carry
out. If businesses fail to dispose of hazardous waste properly, they may be forced to
pay expensive fines. Counseling substance abusers, adapting to worker safety, and
identifying natural resources are not
business activities covered by environmental regulations.)
Retailers perform an important channel activity by negotiating with consumers on issues
such as
A. delivery. C. promotion.
B. risk-taking. D. manufacturing. - A
, (Delivery. Retailers perform an important channel activity by negotiating with customers
on issues such as delivery, installation, and price. Consumers are not involved in risk-
taking, promotion, or manufacturing.)
Major brands of soft drinks are produced and distributed through local and regional
bottling companies
that then sell the soft drinks to retail supermarkets where consumers can purchase
them. The channel of
distribution these soft-drink companies use is
A. indirect. C. retail.
B. wholesale. D. direct. - A
(Indirect. Distribution that takes place through one or more channel members, such as
supermarkets, is
indirect. The soft-drink company must sell its product directly to consumers if it takes a
direct channel of
distribution. Wholesale and retail operations are channel members, not channels of
distribution.)
Which of the following is a technological tool that connects businesses with their
suppliers and
customers:
A. Firewall C. Filter
B. Extranet D. Intranet - B
(Extranet. Extranet refers to a computer network that connects certain businesses, and
allows them to collaborate and exchange information. Extranet technology allows the
members of a distribution channel to efficiently communicate. Businesses often use
extranet technologies to monitor inventory, place orders, and track shipments. A firewall
is a computer security instrument. A filter is a computer software program that screens
and categorizes information. Intranet refers to the computer network that allows
employees to collaborate and exchange information within the business.)
A business taking back its used products and recycling or properly disposing of those
products is an
example of the ethical practice of __________ distribution.
A. closed C. joint
B. internal D. reverse - D
(Reverse. Reverse distribution involves customers returning used products to the
manufacturer. This process allows businesses to retrieve products such as automobiles,
refrigerators, and glass bottles in order to reuse them, recycle them, or properly dispose
of them. Reverse distribution is considered ethical because it helps to save natural
resources and protect the environment. Taking back used products and recycling or
disposing of them is not an example of internal, joint, or closed distribution.)
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