Introduction to Retail Management Quiz 1

How many jobs does the retail industry create in the Philippines?

• 4.5 million

• 5.7 million

• 6.3 million

• 7 million

What is the estimated contribution of the retail industry to the Philippine GDP?

• PHP 800 billion

• PHP 1.3 trillion

• PHP 1.7 trillion

• PHP 2 trillion

Which company leads in retail sales in the Philippines?

• Puregold

• Robinsons Retail

• SM Retail

• Metro Retail

What is the total sales figure of SM Retail?

• PHP 320 billion

• PHP 340 billion

• PHP 366 billion

• PHP 390 billion

What does the term "retail" primarily refer to?

• Sale of goods to large businesses

• Sale of goods for personal or family consumption

• Sale of services to corporations

• Sale of wholesale products

What distinguishes a department store from other types of retail outlets?

• It only sells clothing and shoes

• It has a wide range of product mixes under one roof

• It operates exclusively online

• It offers only high-end luxury items

Chain stores, which originated in the 1920s, are known for what major advantage?

• Offering personalized, one-on-one service

• Lower prices due to bulk buying

• Selling exclusively luxury items

• Operating in rural areas

Supermarkets are known for what unique characteristic?

• Self-service and a wide range of food and non-food items

• Luxury products and exclusive brands

• Offering only organic and health-conscious products

• Serving only wholesale customers

What type of retail store provides a no-frills shopping experience and sells in bulk at low prices?

• Chain store

• Supermarket

• Warehouse retailer

• Department store

Which type of business model involves purchasing the rights to use a company's brand and business model for a specific period of time?

• Chain store

• Supermarket

• Franchise

• Department store