Retail and Wholesale Enterprises Quiz

What role do retail and wholesale enterprises play in the economy?

• They act as intermediaries between manufacturers and consumers.

• They do not contribute to job creation.

• They are solely responsible for manufacturing goods.

• They only sell products to manufacturers.

How do wholesale enterprises contribute to supply chain management?

• By selling directly to consumers.

• By facilitating bulk purchases from manufacturers.

• By increasing transportation costs.

• By eliminating the need for retailers.

What is a significant economic contribution of retail and wholesale enterprises in the Philippines?

• They reduce the GDP.

• They do not pay taxes.

• They create employment opportunities.

• They only focus on online sales.

Which of the following is a challenge faced by retail and wholesale businesses?

• Excessive government support.

• Market competition.

• Lack of consumer interest.

• Unlimited inventory.

What is the primary focus of a retail business?

• Providing services only.

• Selling goods to other businesses.

• Manufacturing products.

• Selling goods directly to end consumers.

Which of the following is an example of a convenience store in the Philippines?

• 7-Eleven

• Robinsons Department Store

• SM Supermall

• Lazada

What is a key strategy for success in retail and wholesale enterprises?

• Ignoring customer feedback.

• Focusing solely on physical stores.

• Reducing marketing efforts.

• Implementing an omnichannel approach.

How do retail enterprises enhance customer satisfaction?

• By offering limited product ranges.

• By investing in quality products and personalized experiences.

• By increasing prices without justification.

• By avoiding marketing.

What is the role of e-commerce in the retail and wholesale landscape?

• It expands market reach and offers convenience.

• It has no impact on traditional retail.

• It limits consumer choices.

• It only benefits wholesalers.

Which of the following is a characteristic of hyperlocal retail?

• It serves a global market.

• It focuses on specific neighborhoods or communities.

• It ignores local preferences.

• It only sells online.