Drop Shippers

question 223

Multiple Choice

Drop shippers

• A)own the merchandise they sell but do not physically handle,stock,or deliver it.
• B)perform all channel functions and sell on consignment to retailers.
• C)take title to merchandise but sell only to buyers that call on them,pay cash for merchandise,and furnish their own transportation for merchandise.
• D)have a small warehouse from which they stock their trucks for distribution to retailers.
• E)work for several producers and carry noncompetitive,complementary merchandise in an exclusive territory.

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Definitions:

Draft-Pick Trade

A transaction in sports leagues where teams exchange their draft positions or selections among each other, often involving future draft picks or current players to balance the value.

Market Wage

The prevailing pay rate for a specific job in the labor market.

Labor Supply

The total hours that workers in an economy are willing to work at a given wage rate.

Maximize Profits

The process or goal of achieving the highest possible profit margin through the efficient use of resources, pricing strategies, and cost management.