Part $1.$ True or False. Fill in $"$A$"$ for True or $"$B$"$ for False on the Test Sheet. Use #$2$ pencil.

$q,1.$ Given the United States' current balance of trade, if more U$.$S$.$ firms export their goods, the country's balance of trade will improve.

$q,2.$ If a country can boost exports and limit imports, then fewer jobs are created and there is more competition for local businesses.

$q,3.$ The best order fulfillment processes reduce order cycle time.

$4.$ Outsourcing or contract logistics for manufacturers is rapidly growing.

$5.$ Retailers and merchant wholesalers take title to the product.

$q,6.$ A retailers' channel is a distribution channel in which producers will sell directly to consumers

$7.$ Intensive distribution is a form of distribution that establishes one or a few dealers within a given area.

$8.$ A retail trade area is always less than $8$ miles in radius.

$9.$ The sale of candy from a vending machine at a train station is not considered retailing.

$10.$ A regional shopping center is also known as a strip shopping center.

$11.$ Sharing economy refers to the way connected consumers exchange goods and services with one anoth through a digital marketplace.

$q,12.$Management usually sets prices high during the introductory state of the product life cycle.

$13.$ The extranet refers to a private electronic network that links a company with people, machines and companies around the globe so retail buyers can easily compare prices to bargain better.

$14.$ Business$-$to$-$business auctions are likely to fade away in the future.

$15.$ Price fixing is illegal.

$q,16.$ The most common profit objective is a target return on investment $($ROI$).$