41. (p. 430) Which of the following are frequently criticized for not representing the best interests of a manufacturer?
A. Global wholesalers
B. Trading companies
C. Manufacturer’s representatives
D. Merchant middlemen
E. Agent middlemen
42. (p. 428) According to the text, which of the following countries has the largest number of retailers?
A. United States
B. Argentina
C. China
D. South Africa
E. Japan
43. (p. 428) Retailing around the world has been in a state of active ferment for several years and the rate of change appears to be directly related to the ____.
A. literacy rate in the country
B. rate of inflation in the country
C. rate of population growth
D. stage and speed of economic development
E. dollar exchange rate for the currency of the country
44. (p. 430) _____ take title to the goods and buy and sell on their own account.
A. Merchant middlemen
B. Brokers
C. Buying offices
D. Export agent
E. Agent middlemen
45. (p. 430) With reference to a distribution channel, the channel process includes all activities, beginning with the manufacturer and ending with the ____.
A. wholesaler
B. agent middlemen
C. merchant middlemen
D. retailer
E. final consumer
46. (p. 430) Which of the following statements is true regarding agent middlemen?
A. They take title to the merchandise.
B. They assume trading risk.
C. They are less controllable by manufacturers than merchant middlemen.
D. They are frequently criticized for not representing the best interests of a manufacturer.
E. They work on commission and arrange for sales in the foreign country.
47. (p. 430) All of the following statements are true regarding merchant middlemen EXCEPT:
A. they take title to manufacturers’ goods.
B. they are more controllable by manufacturers than agent middlemen.
C. they assume trading risk.
D. they are primarily concerned with sales and profit margins on their merchandise.
E. they are frequently criticized for not representing the best interests of a manufacturer.
48. (p. 431) A major trade-off when using home-country middlemen is:
A. the large financial investment required.
B. the limited control over the entire distribution process.
C. the large managerial investments required.
D. the limited number of retailers in the foreign country who can be reached through the home-country middlemen.
E. the large amount of commission charged by the home-country middlemen.
49. (p. 431) Which of the following types of companies will most likely use the services provided by a home-country middleman?
A. Companies with large international sales volume
B. Companies which are experienced with the foreign markets
C. Companies which want to become involved with the complexities of international marketing
D. Companies which are willing make managerial investment in the distribution process
E. Companies which want to sell abroad with minimum financial commitment
50. (p. 431) Another term for home-country middlemen is _____ middlemen.
A. uniform
B. agent
C. merchant
D. domestic
E. regional
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