Scale of Retail Business Quiz

What is a characteristic of a local retail business?

• Large number of employees

• Operates internationally

• Small number of owners

• High investment in technology

Which type of retail business operates all over one country?

• Local

• National

• Global

• Regional

What is a key factor for global retail businesses?

• Limited market size

• High local competition

• Complicated ownership structure

• Single product focus

How do local businesses often attract customers?

• By offering international shipping

• Through community-based strategies

• By having multiple outlets

• By employing a large workforce

What advantage do national businesses have over local businesses?

• Smaller market size

• Fewer resources

• Greater opportunity to attract customers

• Less complicated ownership

Which type of business is likely to have a private or public limited company structure?

• Local

• National

• Global

• Regional

What is a benefit of improved communications for global businesses?

• Increased local sales

• Efficient international trade

• Reduced product quality

• Limited market reach

What is a common feature of local businesses regarding their workforce?

• Large number of employees

• Owners often staff the business

• High employee turnover

• Extensive training programs

What is a characteristic of global brands?

• Recognized only locally

• Sold in numerous countries

• Limited to a single product

• High local competition

What is a potential advantage of national businesses having multiple owners?

• Simpler management

• More resources for activities

• Limited market reach

• Lower costs