retail test MBA 2

Stores classified by ownership include:

• Department stores and specialty stores

• Independent retailers, chain stores, and franchises

• Convenience stores only

• Only large supermarkets

Specialty stores are an example of classification based on:

• Ownership type

• Product variety and focus on specific categories

• Store size

• Pricing strategy

The 'Wheel of Retailing' theory suggests that retail businesses typically:

• Begin with high prices and high service levels

• Start with low prices and minimal service, then gradually upgrade

• Remain unchanged over time

• Only cater to luxury consumers

Which of the following is an example of a traditional retail format in India?

• E-commerce platform

• Kirana stores (local grocery shops)

• Online-only stores

• Warehouse clubs

A modern retail format example in India would be:

• Small neighborhood kirana stores

• Hypermarkets and malls

• Open-air markets

• Weekly bazaars

Non-store-based retailing includes:

• Department stores

• Online marketplaces and telemarketing

• Supermarkets only

• Exclusive physical store formats

Cash and carry businesses primarily serve:

• Only individual customers

• Other businesses buying in bulk

• Only high-income consumers

• Online retailers exclusively

A cash and carry store generally:

• Provides credit to customers

• Requires payment upfront and allows goods to be taken directly

• Delivers to customers' homes

• Caters to the end consumer exclusively

The franchiser-franchisee model is commonly associated with:

• Owning all stores directly

• Licensing the business model and brand to an independent operator

• Only manufacturing products

• Non-store-based retailing exclusively

Which of the following is an example of a directly owned retail model?

• Franchise store

• Chain of stores owned by the parent company

• Independent retailer

• Pop-up stores