RTO Unit 1.3-1.4 (10Q): Receive Merchandise

The model for merchandising whereby a retailer undertakes a special agreement with a famous and successful brand to use its brand name and merchandise mix for its store is known as

• franchise

• consignment

• concessionaire

• outright purchase

The model for merchandising whereby a retailer undertakes the risks of gaining or losing from the merchandise he has bought is known as

• franchise

• consignment

• concessionaire

• outright purchase

Aziz is keen to start a pushcart business and he wants to be able to return all unsold goods to his suppliers. Which models for merchandising is most suitable for him?

• franchise

• consignment

• concessionaire

• outright purchase

Which models for merchandising states that retailer bears no risk at all with regards to merchandise displayed and decision of promotion and pricing is also controlled by the business partner?

• franchise

• consignment

• concessionaire

• outright purchase

When merchandise is bought into the retail store under the 'consignment' arrangement, all unsold goods are

• returned to the supplier.

• bought over by the retailer.

• treated as loss to the suppliers.

• equally shared between the supplier and retailer.