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IDIS 240 FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS

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IDIS 240 FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS

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1. Which of the following is not a reason discussed in class that could lead to a
deviation from the standard COGS in business-to-business sales?
a. An OEM making a large commitment for purchase quantity
b. A large construction project
c. Meeting your competitions price
d. A reduction in value due to product being out dated
e. All of the above are reasons discussed in class


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All of the above are reasons discussed in class




OEM stands for


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, Original Equipment Manufacturer




3M products are sold through many distributors. This is an example of _______
distribution?


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intensive




1. If a distributor purchases a pressure valve for $45/each and sells them to a customer
at $57/each-What is the gross margin percentage?


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a. 21%




PAID stands for


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professional association for industrial distribution




According to Joe Stallard and Mitch Loftis with Sewell Automotive, great customer
service is

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everything you expect and then some




1. Which of the following is true, based o our class discussion of cash discounts?


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???




According ti lecture an End user is best defined by the fact that they


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Do not resale product in the present form




A distributor is expected to grow sales 10% per year for the next five years. If current
sales are $10,000,000; what will sales be five years from now?


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$16,105,100




1. What is the markup?


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