 |
1 | |
Organizational buyers include all the buyers in a nation EXCEPT: |
| | A) | retailers. |
| | B) | government. |
| | C) | manufacturers. |
| | D) | wholesalers. |
| | E) | ultimate consumers. |
|
|
2 | |
Which of the following statements about the North American Industry Classification System (NAICS) is true? |
| | A) | The NAICS provides information for all countries in North America. |
| | B) | In 2005, the SIC classification system will replace the NAICS. |
| | C) | The NAICS permits a firm to find the NAICS codes of its present customers and then obtain NAICS-coded lists for similar firms. |
| | D) | The NAICS uses a four-digit coding system. |
| | E) | The NAICS assigns multiple codes to conglomerates. |
|
|
3 | |
Which of the following possible aspects of consumer buying decisions is LEAST likely to enter into an organizational buying decision? |
| | A) | comparison of product performance with expectations |
| | B) | decision based on highest overall evaluation |
| | C) | alternatives evaluated on important criteria |
| | D) | information gathered from internal and external searches |
| | E) | problem recognition triggered by self-actualization motives |
|
|
4 | |
Scandinavian Airlines System recently announced the purchase of 35 Boeing 737-600 airliners, with the option to buy another 35 for a total of $2.4 billion. SAS called Boeing "a professional and solid supplier." Deliveries began in late 1998 and will continue for some years to come. This arrangement between Boeing and SAS is an example of: |
| | A) | reciprocity. |
| | B) | exclusive dealing. |
| | C) | review marketing. |
| | D) | a long-term buyer-seller relationship. |
| | E) | a tying arrangement. |
|
|
5 | |
When the salesperson told the safety engineer his company needed to buy a mercury clean-up kit, the engineer promptly told the salesperson his company did not need such a thing and refused to introduce the salesperson to the company's purchasing agent. In this instance, the safety engineer acted in which buying centre role? |
| | A) | liaison |
| | B) | buyer |
| | C) | user |
| | D) | information gatherer |
| | E) | gatekeeper |
|
|
6 | |
In 2001, Gulfstream Aerospace Corp. sold three Gulfstream V business jets to the Israeli Ministry of Defense for use as Special Electronic Mission Aircraft. One of the hardest jobs the Gulfstream sales team had to perform during the negotiations was to convince the _____ they should be allowed to present the information about Gulfstream planes to the other people in the buying centre who were taking the role of buyers, users, deciders, and influencers. |
| | A) | gatekeepers |
| | B) | busybodies |
| | C) | whistleblowers |
| | D) | obstructionists |
| | E) | power-brokers |
|
|
7 | |
Russ Ross, the owner of a construction company specializing in single family homes, was faced with a problem. His workers relied on Black & Decker brand air-powered hammers to reduce construction time. Recently, the workers informed him several of the hammers were worn out and needed to be replaced. After talking with other members of the buying centre, Mr. Ross decided to purchase Dewalt brand air hammers because of their reduced weight and the longer warranties offered by Dewalt. Ross and the other members of the organizational buying centre were engaged in what type of organizational buying decision? |
| | A) | straight-rebuy |
| | B) | new task buy |
| | C) | modified new task buy |
| | D) | modified rebuy |
| | E) | straight new buy |
|
|
8 | |
Responder Plus Level A vapor protective suit is state-of-the-art. The $790 orange suit will protect the individual wearing it from a broad group of harmful vapors and spills. When the safety engineer noticed a tear in the one that the company has employees wear when cleaning toxic storage bins, he alerted the purchasing agent the the current suit was no longer useable. In terms of the organizational buying process, this is the _____ stage. |
| | A) | information search |
| | B) | postpurchase behaviour |
| | C) | alternative evaluation |
| | D) | purchase decision |
| | E) | problem recognition |
|
|
9 | |
After conducting a value analysis, a company is able to: |
| | A) | identify product defects. |
| | B) | reduce purchasing costs. |
| | C) | increase product value. |
| | D) | evaluate the merits of one product in relation to that of its competitor(s). |
| | E) | determine a fair but profitable price for purchased products. |
|
|
10 | |
The concept in organizational buying that corresponds most closely to a consumer's evoked set in consumer buying is the: |
| | A) | buying centre. |
| | B) | seven buying criteria. |
| | C) | type of buying situation. |
| | D) | bidder's list. |
| | E) | NAICS code. |
|
|
11 | |
HotOffTheWire.com is a Web wholesaling environment where small and medium-sized retailers can purchase consumer goods merchandise. While retailers use the site to purchase consumer goods for their stores, manufacturers use the site to offer their products to retailers. This _____ provides capabilities and benefits to both buyers and sellers equally. |
| | A) | storefront |
| | B) | Web stock exchange |
| | C) | Web commerce room |
| | D) | consortium |
| | E) | e-marketplace |
|
|
12 | |
HotOffTheWire.com is a Web wholesaling environment where small and medium-sized retailers can purchase consumer goods merchandise. While retailers use the site to purchase consumer goods for their stores, manufacturers use the site to offer their products to retailers. Because hotoffthewire.com is an independent trading community, you know that: |
| | A) | it charges a fee for its services. |
| | B) | it deals with thousands of geographically dispersed buyers and sellers. |
| | C) | its product offerings are time sensitive due to potential perishability and obsolescence. |
| | D) | its buyers find its offerings and its suppliers easily comparable. |
| | E) | all of the above are true. |
|
|
13 | |
If a company wanted to get rid of an inventory of excess wooden pallets by attracting the greatest number of potential buyers online, it could use a(n) _____ to locate the company that was willing to pay the highest amount for the used pallets. |
| | A) | storefront operation |
| | B) | traditional auction |
| | C) | Japanese auction |
| | D) | English auction |
| | E) | reverse auction |
|