ools Inc. buys hammers, bolts and other hardware items and sells them to hardware  shops at a price that includes a profit. Tools Inc. would be part of what kind of market?
A)reseller

B)producer C)institutional D)government

1 Answer

Answer :

A)reseller

Related questions

Description : 1) Individuals and business organisations that purchase products for the purpose of making profit either by using the products to produce other products or by using them in their operations are classified as: A)reseller markets B)institutional markets C)producer markets D)government markets

Last Answer : C)producer markets

Description : Individuals and business organisations that buy finished goods and resell them to make a profit without changing the physical characteristics of the product as classified as: A)reseller markets B)institutional markets C)producer markets D)government markets

Last Answer : A)reseller markets

Description : he Students Union is buying office equipment. For a supplier, the Students Union is an example of : A)a producer market B)a consumer C)a reseller market D)an institutional market

Last Answer : D)an institutional market

Description : Tom Graham works for an organisation in which his purchases must be accountable to the public. His buying procedures are extremely complex. Based on this description, Tom works for an organisation in which market type? A)reseller B)producer C)government D)supplier

Last Answer : C)government

Description : The Grummond Group buys computer peripherals in industrialised countries and sells them to developing countries. Grummond would most likely be classified as a A)trading company. B)strategic alliance. C)joint venture. D)licensee. E)subsidiary.

Last Answer : A)trading company.

Description : A seller buys three types of apples at Rs 150, Rs 120, and Rs 110 per kg. He mixes them in the ratio of 5:6:7 by weight and sells them at a profit of 50%. At what price per kilogram does he sell the apples? 

Last Answer : suppose the seller purchases 5kg , 6kg 7 kg apples. then the price of the total apple (5*150)+(6*120)+(7*110)=750+720+770=2240 as the total apples weights 18kg and the dealer makes a profit of 50% the selling price of apples per kg= 1.5* 2240/ 18 = 3360/18=Rs. 186.66

Description : Techno Ltd. buys goods in one country and sells these to buyers in another country. Techno Ltd. is A)an exporter VU Cafeteria B)a licensing company C)a trading company D)a multinational company

Last Answer : C)a trading company

Description : Ralph Lauren sells Polo products through department stores as well as in its own specialty shops. The designer uses __________ as a channel strategy. A)channel extension B)intermediary exclusion C)broker utilisation D)dual distribution E)channel diversification

Last Answer : D)dual distribution

Description : When Sally buys Vortex using a channel with only one intermediary, that intermediary is classified as a A)retailer. B)wholesaler. C)broker. D)functional middleman. E)producer.

Last Answer : A)retailer.

Description : Abbott's Office Supplies buys furniture and filing cabinets from Craine Furniture and Craine buys paper, pens, and folders from Abbott's, the two firms are engaged in A)cross-selling. B)tying agreements. C)producer marketing. D)reciprocity.

Last Answer : D)reciprocity.

Description : A retailer buys 40 pens at the marked price of 36 pens from a wholesaler. If he sells these pens giving a discount of 1%, what is the profit percent? A. 10% B. 22% C. 25% D. 26%

Last Answer : Answer – A (10%) Explanation – Let the marked price of each pen be Re. 1. Then, C.P. of 40 pens = Rs. 36. S.P. of 40 pens = 99% of Rs. 40 = Rs. 39.60. ∴ Profit% = [3.60/36 x 100]% = 10%.

Description : A noodles merchant buys two varieties of noodles the price of the first being twice that of the second. He sells the mixture at Rs 17.50 per kilogram thereby making a profit of 25% . If the ratio of the amounts of the first noodles ... , Rs 10 B) Rs 24, Rs 12 C) Rs 16, Rs 8 D) Rs 26, Rs 13 E) NONE

Last Answer : Answer: A

Description : Through the years, chemist shops have added more and more unrelated products to their product mix, such as greetings cards, food items, and small appliances. This illustrates which one ... ? A)Tumbled product assortment B)Product lot combination C)Scrambled merchandising D)Wheel of retailing

Last Answer : C)Scrambled merchandising

Description : Cultural differences have implications for the development of a marketing mix. Culture includes A)a country's political system and national laws. B)the concepts, values, and tangible items ... )quotas on imports and stringent health and safety requirements. E)the stability of the government.

Last Answer : B)the concepts, values, and tangible items that make up a particular society.

Description : __ is defined as th ned as the use of c e use of commercial ma cial marketing concep ng concepts and t ts and tools in ools in programs designed to influence individual's behavior to ... of society. a. Unsought product b. Internal marketing Internal marketing c. Social marketing d. Product line

Last Answer : c. Social marketing

Description : Warner Bros. sells cookie jars, puzzles, photo albums, and other items featuring its popular cartoon characters directly through its retail outlets. This is an example of A)channel leadership. ... co -operation. C)channel conflict D)horizontal channel integration. E)vertical channel integration..

Last Answer : E)vertical channel integration..

Description : A(n) __________ is an independent business that sells complementary products of several producers in assigned territories and is compensated through commissions. A)industrial distributor B)production agent C)wholesaler D)manufacturers' agent E)producer

Last Answer : D)manufacturers' agent

Description : A box of hardware contains nuts and bolts. The bolts account for 25 percent of the number of items in the box. What percentage are the bolts of the entire box. -Riddles

Last Answer : 20 percent. For example, there are 10 bolts. Since the number of bolts is 25 percent of the number of items, there must be 40 nuts. The total number of items = 10 bolts + 40 nuts = 50. So, 10/50 = 1/5 = 20%.

Description : Which one of the following is an example of a customer in an organisational market? A)a homemaker who buys detergent B)a consumer who hires a solicitor C)a shop owner who buys pencils for use in his shop D)a plant manager who buys petrol for her personal car

Last Answer : D)a plant manager who buys petrol for her personal car

Description : 7) The marketing channel of producer to retailer to consumer is MOST likely to be used by producers of which of the following products? A)Chewing gum B)Tobacco C)Cars D)Hardware E)Cream crackers

Last Answer : C)Cars

Description : Alicia, a buyer for Nestle, buys carpeting for use in an office area. What determines whether this carpeting is a consumer or an industrial product? A)The price of the carpet B)The type of selling ... the sale D)The buyer's intended use of the product E)Whether the carpet is a replacement item

Last Answer : D)The buyer's intended use of the product

Description : When the purchasing manager for ABBA seat covers buys material and thread, he considers a variety of factors. Which one of the following is LEAST likely to concern the buyer in the purchase ... )does the supplier also sell to my competitors D)does the price meet the company budget requirements

Last Answer : C)does the supplier also sell to my competitors

Description : A man buys p cycles at a total cost of Rs q annd sells each bicycle at Rs r. if profit =`S.P.-C.P`, find the profit.

Last Answer : A man buys p cycles at a total cost of Rs q annd sells each bicycle at Rs r. if profit =`S.P.-C.P`, find the profit.

Description : A man buys milk at Rs. 2.40 per litre. He adds one-third water to it and sells the mixture at Rs. 2.88 per litre. Find his profit percentage. (Assume water is free). a) 21% b) 30% c) 40% d) 50% e) 60%

Last Answer : Let say he purchases 3 litres of milk whose cost is Rs. 7.20 He adds 1 litre of water and the mixture of 4 litres is sold at Rs 2.88 × 4 = Rs11.52 Profit percentage = (11.52 – 7.20) × 100.0/7.20 = 4.32 × 100.0/7.2 = 60% Answer: e)

Description : Reema buys dress for 10% less than its value and sells it for 10% more than its value. His gain or loss percent is: A. no profit, no loss B. 20% profit C. less than 20% profit D. more than 20% profit

Last Answer : Answer – D (more than 20% profit) Explanation – Let the article be worth Rs. x. C.P. = 90% of Rs. x. = Rs.(9/10)x S.P. = 110% of Rs.x = Rs.(11/10)x Gain = Rs.11/10x- 9/10x=(1/5)x gain %=(2/5x) x (10/9x) x 100 =44.44% >20%

Description : Nivetha buys a tape recorder for Rs.450. His overhead expenses are Rs.30 she sells the tape recorder for Rs.600. The profit percent of nivetha is

Last Answer : Cost price + profit = selling price Cost price = 450 + 30= 480 Profit=sp-cp =600-480 =120 Profit%= 120/480*100 X = 12000/480 X = 25 %.

Description : When a company adjusts price levels so that it can increase sales volume to levels that match the organisation's expenses, it is said to employ a ---- pricing objective. A)market share B)cash flow C)return on investment D)survival E)profit

Last Answer : D)survival

Description : A run -out policy of product deletion: A)lets the product decline without changing the marketing strategy B)exploits any strengths left in the product C)raises the price of the product continually to secure as much profit as possible before the product is priced out of the market

Last Answer : B)exploits any strengths left in the product

Description : Following a hurricane, a tremendous demand for gas-powered generators occurs. Gotts Hardware holds a large stock of these items and it faces major ethical decisions with regard to the ------ issue. A) product B) advertising C) personal selling D) publicity E) pricing

Last Answer : E) pricing

Description : What type of advertising points out a brand's uses, features, and advantages that benefit consumers but may not be available in other brands? A)Reminder advertising B)Reinforcement advertising C)Competitive advertising D)Defensive advertising E)Institutional advertising

Last Answer : C)Competitive advertising

Description : A fruit and vegetable wholesaler buys truckloads of strawberries from local farmers and then divides them into pint and half-pint baskets to sell to grocery stores. This sorting function is called: A)allocation. B)assorting. C)accumulation. D)sorting out.

Last Answer : A)allocation.

Description : Coors advertises that its beer is the only one that is kept cold from the brewery to the store. This type of advertising is called A)pioneer. B)competitive. C)comparative. D)defensive. E)institutional.

Last Answer : B)competitive.

Description : Advertising that promotes organisational images, ideas, and political issues is __________ advertising. A)defensive B)product C)competitive D)comparative E)institutional

Last Answer : E)institutional

Description : A Bank airs a series of radio ads that claim "We are the listening bank." This campaign would be best described as __________ advertising. A)pioneer B)target C)product D)institutional E)comparative

Last Answer : D)institutional

Description : Del Monte markets ketchup for household use to supermarkets through grocery wholesalers, and it markets ketchup for institutional use through industrial distributors and food brokers. Del Monte is using ... . C)strategic channel alliance. D)supply chain management. E)an unethical marketing channel.

Last Answer : A)dual distribution.

Description : 15) If Jackson Institutional Furniture Company provides standard primary school chairs in new colours to match the interiors of schools, this modification is most likely to be viewed as a __________ modification. A)style B)functional C)quality D)feature

Last Answer : A)style

Description : If your company were to make light bulbs to be used in photocopiers, you would most likely be selling to a ____________ market 1. reseller 2. business 3. government 4. service 5. none of these

Last Answer : business

Description : Markets in which market offerings are bought from sellers for reselling purpose are known AsA. business markets B. reseller markets C. government markets D. international markets

Last Answer : reseller markets

Description : Markets in which market offerings are bought from sellers for reselling purpose are known AsA. business markets B. reseller markets C. government markets D. international markets

Last Answer : reseller markets

Description : The markets in which the market offerings are bought from sellers for reselling purpose are known as A. Business markets B. Reseller markets C. Government markets D. International markets

Last Answer : B. Reseller markets

Description : A foreign currency transaction arises when an enterprise buys or sells goods or services whose price is denominated in the reporting currency.

Last Answer : FALSE

Description : Dakotah, a South Dakota-based producer and marketer of fine home furnishings, authorized Dan River Mills to produce and market a line of sheets under the Dakotah name. This arrangement is an example of A)brand extension. B)brand licensing. C)family branding

Last Answer : B)brand licensing.

Description : 4) The channel that includes both a manufacturer's agent and an industrial distributor may be appropriate under which of the following circumstances? A)When a marketer wishes to enter a new ... marketer is thinking of cutting it down C)When customers are highly concentrated in one geographic area

Last Answer : A)When a marketer wishes to enter a new geographic market but does not wish to expand the existing sales force

Description : The channel that includes both a manufacturers' agent and an industrial distributor may be appropriate under which of the following circumstances? A)When the firm wants specialised personnel to follow ... is thinking of cutting it down E)When customers are highly concentrated in one geographic area

Last Answer : B)When the marketer wishes to enter a new geographic market but does not wish to expand the existing sales force

Description : In a specific strategic market plan, a profit centre that is self-supporting in terms of sales, markets, production, and other resources is known as: A)profit unit. B)strategic business unit. C)marketing unit. D)small business unit.

Last Answer : B)strategic business unit.

Description : The wheel of retailing hypothesis suggests that: A)retailers tend to provide more limited services to customers as the business ages. B)new retailers enter the market with low prices, low profit margins ... decreases. D)a retail firm must grow to compete with other retail firms on an equal basis.

Last Answer : B)new retailers enter the market with low prices, low profit margins and low status but eventually trade up.

Description : Which of the following is NOT a factor used to classify wholesalers? A)Whether the wholesaler is owned by the producer B)Whether the wholesaler takes title to the products it handles C)The ... products carried by the wholesaler E)The breadth and depth of the product lines carried by the wholesaler

Last Answer : D)The price range of the products carried by the wholesale

Description : A small hardware store whose only competitor is a huge discount store would be least likely to use which competitive tool? A)services B)price C)product offering D)distribution E)promotion

Last Answer : B)price

Description : In addition to product, price, promotion and place, the extended marketing mix for services includes all of the following EXCEPT: A)people B)packaging C)physical evidence D)process

Last Answer : B)packaging

Description : Bill is furious when he reads the invoice since it includes £50 in shipping charges and he had assumed that the price quoted by the seller had included these charges. Bob should have checked that ... were: A)FOB factory price B)base point price C)freight absorption price. D)FOB destination price.

Last Answer : D)FOB destination price.