Retail Management - Unit 1 MCQ

Retailing involves the sale of goods and services to:

• Wholesalers

• Manufacturers

• Final consumers

• Distributors

Which of the following is not a function of a retailer?

• Breaking bulk

• Providing after-sales services

• Wholesaling goods

• Assortment of products

The word 'Retail' is derived from the _____ word "retaillier".

• Greek

• Latin

• French

• German

Which of these is a characteristic of retailing?

• Selling to businesses

• Selling in bulk

• Direct interaction with final customer

• None of the above

Which type of retailing does not require a physical store?

• Departmental store

• E-retailing

• Chain store

• Supermarket

The retail industry contributes significantly to a country's:

• Political system

• Education system

• GDP

• Military

The goal of retailing is to create:

• Brand only

• Profit only

• Customer satisfaction

• None of the above

What is 'Assortment' in retailing?

• Buying in bulk

• Grouping similar products

• Setting prices

• Promoting services

A departmental store is an example of which type of retail format?

• Unorganized retail

• Itinerant retail

• Organized retail

• None of these

Supermarkets are generally located in:

• Remote areas

• Highways

• Residential and commercial areas

• Industrial zones