COE 341 TEST BANK COUNTINUATION QUESTIONS AND ANSWERS 2023 LATEST UPDATE 100% SUCCESS

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COE 341 TEST BANK COUNTINUATION QUESTIONS AND ANSWERS 2023 LATEST UPDATE 100% SUCCESS 22. Any organization that purchases products for the purpose of reselling them to ultimate consumers is a(n) a) ... wholesaler. b) shopping center. c) retailer. d) intermediary. e) producer. Ans: c AACSB: Communication, Distribution DF: E LO: LO1 Page: 424 Type: KN 23. Wal-Mart, Macy's, Nordstrom's, and Toys “R” Us are examples of a) manufacturers. b) merchant wholesalers. c) end-users. d) agents. e) retailers. Ans: e AACSB: Communication, Distribution DF: E LO: LO1 Page: 424 Type: AP 24. Direct selling, direct marketing, and vending machines are all examples of a) producing. b) advertising. c) promoting. d) retailing. e) wholesaling. Ans: d AACSB: Communication, Distribution DF: E LO: LO1 Page: 424-425 Type: KN 25. Retailing is best characterized as a) large organizations that carry wide and deep product mixes. b) transactions in which the buyer intends to consume the product through personal, family, or household use. c) arrangements whereby a supplier grants a dealer the right to sell its products. d) transactions in which the purchaser intends to use the product for resale or for business operations. e) exchanges that take place only in a store or service establishment. Ans: b AACSB: Analytic, Distribution DF: E LO: LO1 Page: 424 Type: CH 26. Who provides the environment in which exchanges with ultimate consumers occur? a) Retailers b) Wholesalers c) Catalogers d) Telemarketers e) Producers Ans: a AACSB: Communication, Distribution DF: M LO: LO1 Page: 424 Type: KN 27. A retailer is an organization that purchases products for the purpose of reselling them to a) other retail organizations. b) the government. c) ultimate consumers. d) wholesalers. e) nonprofit organizations. [Show More]

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