Retail test MBA 1

Which of the following best defines the term "retailing"?

• Manufacturing goods for wholesalers

• Selling goods and services directly to consumers for personal use

• Exporting goods internationally

• Wholesaling goods to small businesses

Retailing plays a crucial role in the economy primarily because it:

• Directly connects manufacturers to individual consumers

• Focuses only on luxury goods

• Reduces employment opportunities

• Minimizes consumer choices

The "scope" of retail management generally refers to:

• Reducing customer options

• Only managing inventory

• All activities involved in selling products to consumers

• Manufacturing and production

A primary feature of the nature of retailing is:

• Bulk selling to wholesalers

• Directly serving end consumers

• Avoiding any customer interaction

• Reducing product choices

Which of the following is an important factor in the growth of the retail sector in India?

• Decline in technology use

• Rise in urbanization and disposable income

• Reduction in organized retailing

• Limited product variety

Technology induction in retailing is primarily aimed at:

• Slowing down retail operations

• Enhancing efficiency and customer experience

• Minimizing customer service quality

• Avoiding online retail channels

An example of career growth in the retail sector is:

• Store Manager progressing to Regional Manager

• Production Manager focusing only on manufacturing

• Reducing retail operations

• Wholesale manager handling bulk orders only

The current size of the Indian retail market is often described as:

• Small and stagnant

• Large and growing rapidly

• Declining due to decreased demand

• Stable with minimal growth

Technology induction in retailing includes which of the following tools?

• Cash-only transactions

• Point-of-sale systems and e-commerce platforms

• Limited product display options

• Manual inventory tracking

The future of retailing in India is expected to focus heavily on:

• Reducing retail options

• Integration of online and offline channels (omnichannel retailing)

• Ignoring consumer preferences

• Decreasing employment opportunities