Retail Industry Quiz

What is the significance of feedback in retail?

• It reduces product costs

• It contributes to product improvement

• It increases advertising expenses

• It decreases customer satisfaction

The primary focus of organised retailing is (a)   .

• Small-scale operations
• Large departmental stores
• Individual street vendors
• Home-based businesses

What is the term used for small family-run retail businesses in India?

• Supermarkets

• Kirana stores

• Malls

• Online shops

What is the role of feedback in the retail industry?

• Reduces product variety

• Contributes to product improvement

• Increases production costs

• Decreases market competition

Unorganised retailing lacks (a)   .

• Legal registration
• Variety of products
• Professional management
• Single roof operations

What is a key characteristic of organised retailing?

• Scattered locations

• Single-owner stores

• Comfort and style

• Lack of variety

What is the role of organised retailing in the economy?

• Decreases GDP

• Offers limited employment

• Contributes to GDP growth

• Reduces consumer choice

How are the terms of employment in unorganised retail?

• Small, Scattered and Not in Control of Government

• Regular, Assured & within Control of Government

• Stable and Secure

• Flexible and Assured

Unorganised retail is characterised by ___________.

• large scale operations

• informal settings

• multiple branches

• high capital investment

Under organised retailing, the most common feature is ___________.

• number of brands and products are large

• purchases are on credit basis

• few employees exist

• All (a), (b) and (c)