Introduction to Industrial Distribution: IDIS 240 - Final Exam Review
UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS
3M products are sold through many distributors. This is an Intensive
example of___ distribution?
3PL stands for? Third Party Logistics Provider
According to lecture, an "end user" is best defined by the Do not resale product in present form
fact that they?
According to lecture, distribution involves 3 major Knowledge, Logistics, and Financing
categories of services. Which of the following are those
categories?
According to lecture, which of the following references a Field Application Engineer
title of an employed salesperson of the manufacturer?
According to money management lecture by Mr. Mark Latte Factor
Mielke, all unnecessary expenditures that you incur every
month is called?
According to the Book, "The Distributor's Role in the The customer has paid for the product and successfully used it
Supply Chain" a sale is not complete until?
Agents? SOMETIMES stock, but NEVER own inventory
Assortment Bundling products & services
Chris Uren with Dell told the class to pride themselves Supply Chain Model
in?
COGS include which of the following? 1. Cost paid to supplier for the products
2. The cost of the freight from the supplier to our location
A distributor has an industrial customer with a large Cosignment
storeroom for MRO products. Several of the products
stored in the customer's storeroom are owned by the
distributor. This is an example of?
, The financial function "extending credit" would be most Contractor
beneficial to which of the following users?
FOB stands for? Free-On-Board
The following is a pictorial description of? Contract Efficiency
% Gross Margin [(Selling Price - COGS)/(Selling Price)]*100%
From class, which of the following is a product that has Dimensional Lumber & PVC
been commoditized?
From our class discussion, which of the following would 2% increase in price
tend to have the largest improvements in EBITDA for a
typical distributor?
The function that occurs right after a product is delivered Receiving
to a distributor and while the delivery is checked for
accuracy?
Gross Margin Return on Investment is? [(Total Gross Margin)/(Average Inventory)]
How long a customer is willing to wait? Wait Time
If a distributor purchases the product from a The distributor
manufacturer using FOB shipping point, who owns the
product while it is in transit?
If to buy AllenBradley products in Houston, Texas, you Exclusive
must purchase from Reynolds Electric, this is an example
of____ distribution?
In the Industrial supply chain, an agent is? A third party company that represents a manufacturer's product in certain areas
The job function that refers to the person who handles Counter Sales
walk-in customers?
Joe with Sewell Automotive mentioned that when you are All of the above
looking for a career, you should find a company that?
Joe with Sewell Automotive is well known & prides Customer Service
themselves on their?
The manufacturer's "Minimum Order" is? The amount that is the minimum that must be ordered
UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS
3M products are sold through many distributors. This is an Intensive
example of___ distribution?
3PL stands for? Third Party Logistics Provider
According to lecture, an "end user" is best defined by the Do not resale product in present form
fact that they?
According to lecture, distribution involves 3 major Knowledge, Logistics, and Financing
categories of services. Which of the following are those
categories?
According to lecture, which of the following references a Field Application Engineer
title of an employed salesperson of the manufacturer?
According to money management lecture by Mr. Mark Latte Factor
Mielke, all unnecessary expenditures that you incur every
month is called?
According to the Book, "The Distributor's Role in the The customer has paid for the product and successfully used it
Supply Chain" a sale is not complete until?
Agents? SOMETIMES stock, but NEVER own inventory
Assortment Bundling products & services
Chris Uren with Dell told the class to pride themselves Supply Chain Model
in?
COGS include which of the following? 1. Cost paid to supplier for the products
2. The cost of the freight from the supplier to our location
A distributor has an industrial customer with a large Cosignment
storeroom for MRO products. Several of the products
stored in the customer's storeroom are owned by the
distributor. This is an example of?
, The financial function "extending credit" would be most Contractor
beneficial to which of the following users?
FOB stands for? Free-On-Board
The following is a pictorial description of? Contract Efficiency
% Gross Margin [(Selling Price - COGS)/(Selling Price)]*100%
From class, which of the following is a product that has Dimensional Lumber & PVC
been commoditized?
From our class discussion, which of the following would 2% increase in price
tend to have the largest improvements in EBITDA for a
typical distributor?
The function that occurs right after a product is delivered Receiving
to a distributor and while the delivery is checked for
accuracy?
Gross Margin Return on Investment is? [(Total Gross Margin)/(Average Inventory)]
How long a customer is willing to wait? Wait Time
If a distributor purchases the product from a The distributor
manufacturer using FOB shipping point, who owns the
product while it is in transit?
If to buy AllenBradley products in Houston, Texas, you Exclusive
must purchase from Reynolds Electric, this is an example
of____ distribution?
In the Industrial supply chain, an agent is? A third party company that represents a manufacturer's product in certain areas
The job function that refers to the person who handles Counter Sales
walk-in customers?
Joe with Sewell Automotive mentioned that when you are All of the above
looking for a career, you should find a company that?
Joe with Sewell Automotive is well known & prides Customer Service
themselves on their?
The manufacturer's "Minimum Order" is? The amount that is the minimum that must be ordered
