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180+ Emerging Trends in Management Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .

1.

Which of the following is not a typical supply chain member?

A. reseller
B. wholesaler
C. retailer's creditor
D. producer
Answer» D. producer
2.

When suppliers, distributors, and customers partner with each other to improve performance of the entire system, they are participating in a…………..

A. supply and demand chain
B. supply chain
C. channel of distribution
D. value delivery network
Answer» D. value delivery network
3.

A company's channel decisions directly affect every …………

A. competitor's actions
B. marketing decision
C. channel member
D. employee in the channel
Answer» B. marketing decision
4.

From the economic system’spoint of view ,the role of marketing intermediaries is to transform the assortment of products made by producers in to the assortment of products wanted by…………….

A. consumers
B. distributors.
C. marketers
D. manufacturers
Answer» A. consumers
5.

Intermediaries play an important role in matching .

A. supply and demand
B. product to region
C. information and promotion
D. manufacturer to product
Answer» A. supply and demand
6.

Which of the following is not a key function that intermediaries play in completing transactions?

A. negotiation
B. information
C. negotiation
D. financing
Answer» D. financing
7.

In marketing terms, we say that the number of intermediary levels indicates the …………of a channel.

A. complexity
B. length
C. involvement
D. width
Answer» B. length
8.

An advantage of a channel of distribution over selling direct to consumers is that each channel member plays a ………….in the channel.

A. disciplinary role
B. decisional role
C. specialized role
D. time –saving part
Answer» C. specialized role
9.

Historically, conventional channels have lacked the leadership to……….

A. assign channel member roles and attain efficiency
B. attain efficiency and assign member roles
C. set standard pricing and promotions
D. assign member roles and manage conflict
Answer» D. assign member roles and manage conflict
10.

A Channel consisting of one or more independent producers, wholesalers or retailers that are seeking to maximize their own profits even at the expense of profits for the channel as a whole is a……………

A. vertical distribution structure
B. vertical marketing system
C. conventional distribution channel
D. independent channel allocation
Answer» C. conventional distribution channel
11.

A corporate VMS has the advantage of controlling the entire distribution chain under…………

A. single ownership
B. a profit-maximizing strategic plan
C. a few intermediaries
D. mass distribution
Answer» A. single ownership
12.

A distinguishing feature of a contractual VMS is that coordination and conflict management among the independent members of the channel are attained through…………….

A. contractual agreements
B. working partnerships
C. oral agreements
D. limited liability corporations.
Answer» A. contractual agreements
13.

Leadership in which type of marketing system is assumed not through common ownership or contractual ties but through the size and power of one or a few dominant channel members?

A. administered vms
B. horizontal marketing system
C. corporate vms
D. conventional marketing channel .
Answer» A. administered vms
14.

Hybrid marketing systems are also called………… .

A. multichannel distribution systems
B. horizontal multichannel systems
C. administered franchises
D. dual distribution systems
Answer» A. multichannel distribution systems
15.

The major disadvantage of a multichannel system is that it is harder to control and it can generate…………

A. fewer domestic sales
B. less net profit
C. declining employee morale
D. greater conflict
Answer» D. greater conflict
16.

In many industries,traditional intermediaries are dropping by the wayside because of changes in ……………and the growth of …………….marketing.

A. technology;direct and online
B. franchise structure;independent
C. federal laws;business-to business
D. state and local laws;target
Answer» A. technology;direct and online
17.

Which of the following should be the first step in designing a marketing channel?

A. identifying what consumers want from the channel
B. evaluating intermediaries
C. analyzing channel alternatives
D. identifying channel objectives
Answer» A. identifying what consumers want from the channel
18.

Companies should state their channel objectives in terms of targeted levels ……

A. customer service
B. efficiency and reduced conflict
C. profitability
D. fair prices
Answer» A. customer service
19.

Which type of product might require a more direct marketing channel to avoid delays and too much handling?

A. products in their maturity stage
B. perishable products
C. high-priced products
D. lower-priced products
Answer» B. perishable products
20.

Sometimes a producer chooses only a few dealers in a territory to distribute its products or services.Generally these dealers are given a right to…………..

A. corporate
B. administered
C. intensive
D. exclusive.
Answer» D. exclusive.
21.

Channel members should be evaluated using all of the following criteria except which one?

A. control
B. economic factors
C. adaptive criteria
D. channel leadership
Answer» D. channel leadership
22.

It is common for international marketers to………. their channel strategies for each country.

A. adapt
B. seek approval for
C. restrict
D. extend
Answer» A. adapt
23.

Marketing channel management calls for selecting, managing,……… , and evaluating channel members over time.

A. reinstating
B. motivating
C. reducing conflict
D. reducing waste
Answer» B. motivating
24.

Most companies practice strong PRM to forge long-term relationships with channel members.what does PRM stands for?

A. personal roster maintenance
B. partner relationship management
C. potential relationship management
D. primary relationship management
Answer» B. partner relationship management
25.

Marketing logistics involves getting the right product to the right customer in the right place at the right time. Which one of the following is not included in this process?

A. implementing the plan for the flow of goods and services
B. gathering customer's ideas for new products
C. planning the physical flow of goods and services
D. controlling the physical flow of goods, services, and information
Answer» B. gathering customer's ideas for new products
26.

Which of the following is not an area of responsibility for a logistics manager?

A. warehousing
B. inventory
C. information systems
D. marketing
Answer» D. marketing
27.

To reduce inventory management costs, many companies use a system called…………, which involves carrying only small inventories of parts or merchandise,often only enough for a few days of operation.

A. limited inventory logistics
B. supply chain management
C. reduction-inventory management
D. just-in-time logistics
Answer» D. just-in-time logistics
28.

Which of the following transportation modes is used for digital products?

A. ship
B. rail
C. air
D. the internet
Answer» D. the internet
29.

Companies manage their supply chains through………… .

A. skilled operators
B. information
C. transportation modes
D. the internet
Answer» B. information
30.

Julie Newmar recognizes that her company needs to provide better customer service and trim distribution costs through teamwork, both inside the company and among all marketing channel organizations. Julie will begin the practice of………..

A. customer relationship management
B. horizontal marketing system management
C. supply chain management
D. integrated logistics management
Answer» D. integrated logistics management
31.

Smart companies coordinate their logistics strategies and forge strong partnership with suppliers and customers to improve customer service and reduce channel cost through………………

A. cross-company teams
B. partnering
C. segregated departmentalization
D. cross –functional,cross-company teams
Answer» D. cross –functional,cross-company teams
32.

Today , a growing number of firms now outsource some or all of their logistics to…………..

A. disintermediaries
B. competitors
C. cross-functional teams
D. third-party logistics providers
Answer» D. third-party logistics providers
33.

Rolex watches can only be found in a limited number of intermediaries. This is an example of……….

A. high-end distribution
B. intensive distribution
C. quality distribution
D. exclusive distribution
Answer» D. exclusive distribution
34.

_______ analysis relates to what processes, activities, and decisions actually create costs in your supply chain.

A. cost driver
B. value proposition
C. cost reduction
D. target costing
Answer» A. cost driver
35.

In the 1980s, Toyota and Honda outcompeted American carmakers because they relied on suppliers for approximately _______ percent of a car’s value.

A. 30
B. 45
C. 60
D. 80
Answer» D. 80
36.

The _______ has made it possible for other companies to eliminate intermediaries and sell directly to the end consumer.

A. scm
B. internet
C. competition
D. global sourcing
Answer» B. internet
37.

Value stream mapping is an application of process mapping, developed to apply _______ principles to process improvement.

A. management
B. lean
C. supply chain
D. cycle time
Answer» B. lean
38.

A supply chain is made up of a series of processes that involve an input, a _______, and an output.

A. shipment
B. supplier
C. customer
D. transformation
Answer» D. transformation
39.

_______ is a tool to chart how individual processes are currently being conducted and to help lay out new improved processes.

A. process mapping
B. pareto charting
C. supply chain design
D. design chain mapping
Answer» A. process mapping
40.

Identify from the following list a major strategic risk associated with outsourcing.

A. outsourcing landed cost is usually higher than insourcing cost.
B. the supplier is purchased by a competitor
C. the business loses sight of market trends.
D. the cost of supplied material is passed on to the customer.
Answer» B. the supplier is purchased by a competitor
41.

_______ is the design of seamless value-added processes across organization boundaries to meet the real needs of the end customer.

A. operations
B. supply chain management
C. process engineering
D. value charting
Answer» B. supply chain management
42.

The impact of cost reduction on profits is much larger than the impact of increased

A. innovation.
B. production.
C. information.
D. sales. 43. _______ considers how your organization competes and is an essential
Answer» D. sales. 43. _______ considers how your organization competes and is an essential
43.

“3PL” involves using a supplier to provide _______ services.

A. marketing
B. design
C. logistics
D. contract manufacturing
Answer» C. logistics
44.

The collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies, is called

A. innovative constraint.
B. second-tier competency.
C. corporate skill.
D. core competency.
Answer» D. core competency.
45.

Integration of business economics and strategic planning has given rise to a new area of study called__________.

A. micro economics
B. corporate economics
C. macro economics
D. managerial economics
Answer» B. corporate economics
46.

………….. happens in manufacturing when information about consumer demand for any product becomes increasingly distorted as it moves upstream in the manufacturing process.

A. information effect
B. bullwhip effect
C. supply effect
D. demand effect
Answer» B. bullwhip effect
47.

Supply chain is also referred as…………

A. supply force
B. chain of manufacturing centre
C. logistic network
D. warehouse network
Answer» C. logistic network
48.

………….. is a set of approaches utilized to efficiently intergrate suppliers ,manufacturers,warehouses,and stores,so that merchandise is produced and distributed,at the right quantities,to the right location ,and at the right time,in order to minimize system wide costs while satisfying service level requirements.

A. logistic management
B. supply chain management
C. operational management
D. production management
Answer» B. supply chain management
49.

The Globel Supply Chain Form identified ………………key process that make up the core of supply chain management.

A. five
B. six
C. seven
D. eight
Answer» D. eight
50.

The fundamental objective of supply chain management is……….

A. supply goods
B. create goods
C. add value
D. identify supplier
Answer» C. add value

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