The value chain portrays a mixture of primary and support activities utilized by an organization to design, produce, market, deliver, and support its products.
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Question 2
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Customers, both end users and those within a channel, are often considered by organizations as unimportant members of the value network.
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Question 3
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A channel is a system of interdependent relationships among a set of organizations that facilitates the exchange process.
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Question 4
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Cutting out intermediaries will always guarantee that consumers will save money.
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Question 5
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A wide variety of types of intermediaries exist, and they usually fall within two principal categories: merchant intermediaries and agent intermediaries.
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Question 6
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Logistics is a function of channel intermediaries.
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Question 7
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Facilitating functions performed by intermediaries include a variety of activities, including financing and market research.
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Question 8
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The performance of transaction and communication functions is a category of intermediary contribution within a channel.
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Question 9
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Disintermediation is common in the machining channel.
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Question 10
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Many firms are using outsourcing or third-party logistics to better focus on their core business.
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Question 11
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A vertical marketing system is comprised of independent entities.
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Question 12
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The lead player in an administered VMS is called the channel captain.
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Question 13
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Unresolved channel conflict will never result in an uncooperative and inefficient channel; however, it may impact end-user consumers through inferior products, spotty inventory, and higher prices.
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Question 14
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Expert power is when channel members adopt an approach of utilizing their unique competencies to influence others in the channel.
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Question 15
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When marketing planning, a good channel decision can be one of the most important within the entire planning process and can lead to market advantage over competitors.
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Question 16
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With a push strategy, much of the intensive promotional activities take place from the manufacturer downward through the channel of distribution.
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Question 17
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The degree of push versus pull used is fundamental in framing the channel structure and relationships that are likely to optimize a product's success.
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Question 18
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Physical distribution, or logistics, is the integrated process of moving input materials to the producer, in-process inventory through the firm, and finished goods out of the firm through the channel of distribution.
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Question 19
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Receiving and properly processing customer orders takes place before the product moves into the supply chain.
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Question 20
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In an ideal supply chain, materials of all kinds are handled as many times as possible.