T or F Indirect competitors are businesses that provide products or services that are almost identical to those offered by your company. T or F Secondary marketing data is collected by the business itself and relates specifically to its needs or problems. T or F Demographic information of a population is not important to know when expanding your business to another country. T or F Horizontal integration is a method of expanding a company by acquiring its competitors. T or F Inventory management is the same as supply chain management. T or F Consumers and Credit cards are the 2 Cs of marketing. T or F Logistics is the management of the flow of goods and services both into and out of an organization. T or F A "carrier" is a company hired to transport goods. T or F The use of standard-sized reusable metal boxes, designed to fit on top of each other, to store and ship freight is known as containerization. T or F When an item is scanned at the grocery store it is passing through a point-of-sale terminal. PART B: Multiple Choice (19 Marks: Knowledge/Understanding) - Please select the most appropriate answer. 1. When packaging a product for international sale businesses should research__________. A. Labelling Requirements. B. Package Colours. C. Legal Requirements. D. All of the above. 2. ___________________ is the strategic use of outside resources to perform activities that were previously handled internally by the company. A. Logistics. B. Outsourcing. C. Just in Time Inventory. D. Nearsourcing. 3. Issues in the supply chain include: A. Reliability of sources. B. Oil Prices. C. Unstable Political Climate D. All of the Above. 4. __________ simply transfers certain business functions to a branch of the company in another country. A. Outsourcing. B. Inshoring. C. Offshoring. D. Global sourcing.

5. This type of inventory system is used to eliminate storage all together: A. Supplier management B. Just-in-Time C. Resource Management D. None of the above 6. Which of the following is the official document that indicates the transportation company accepts the goods for shipment? A. Bill of Lading. B. Selection Carrier. C. Ex Works. D. Source Document 7. Best Buy and the Source are classified as: A. Indirect competitors B. Direct competitors C. Non-competitors D. Rivals 8. _________________ consists of finding reliable sources for the products and services a business needs. A. Supply Chain Management. B. Importing Supply Management. C. Supply Flow Management. D. Supplier Management. 9. ________________ involves a company sourcing a particular function of the business to a company in a foreign country that is relatively close in distance. A. Nearsourcing. B. Outsourcing. C. Rationalization. D. Insourcing. 10. ________________ is a financial guarantee that is issued by the buyer's bank which states that the buyer has enough collateral to pay for the shipment. A. Bank Statement. B. Cash Flow Statement. C. Letter of Credit. D. Bank Letter. 11. __________ is the money that is leftover from your salary or wages after you have paid off your living expenses. A. Discretionary Income. B. Net Pay. C. Income Tax Deductions. D. Disposable Income 12. The four P's of marketing are product, price, place and ________________ : A. Production B. Promotion C. People D. Population 13. A business uses Statistics Canada which provides information collected from the government census is an example of: A. Primary Data B. Secondary Data C. Polling Data D. Demographics 14. A form of business organization in which a company owns the whole supply chain or significant portions of it: A. Horizontal Integration B. Vertical Integration C. Ethnocentrism D. None of the above 15. Which of the following is not factor when determining a shipping method: A. Weight B. Speed C. Destination D. Colour

16. Using more than 1 mode of transportation is called __________. A. intermodal shipping. B. international shipping. C. outsourcing. D. selection carriers. 17. ___________ suggests that the more products you make the cheaper your costs will be: A. Bargain Pricing B. Economies of Scale C. Selection Model D. Production Economy 18. When a business decides to set up a specific division within the company to handle a function that is normally outsourced: A. Offshoring B. Outsourcing C. Insourcing D. Nearsourcing 19. Disposable income is defined as: A. Taxes taken from your paycheck. B. Money that is leftover from your salary and wages after taxes are paid. C. Interest that is earned on a loan. D. Money that is provided by the employee at the end of the year as a bonus.