Retail’s New Reality: Consolidation, Bankruptcy, Survival
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Business
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University
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Hard
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major trend in the retail industry post-pandemic?
Decrease in online shopping
Increase in physical store openings
More consolidation and bankruptcies
Decline in luxury product demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are retailers adapting to the omnichannel world?
By reducing product variety
By increasing store hours
By focusing solely on in-store experiences
By offering curbside pickup and personalized services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of Neiman Marcus or Saks' business is already online?
10-15%
20-25%
30-35%
40-45%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge for highly leveraged retail companies?
Increased competition from new brands
Lack of consumer interest in luxury goods
Difficulty in renegotiating leases
Enormous issues during a pandemic
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is Amazon adapting to consumer behavior changes?
By focusing on physical store expansion
By reducing its online presence
By using national television advertising
By tracking consumer behavior and using analytics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a critical factor for a retail business to survive post-bankruptcy?
Having a large number of physical stores
Focusing only on luxury products
High levels of debt
A differentiated and sustainable business model
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does social media play in modern marketing?
It drives consumer engagement and marketing strategies
It is less effective than magazine print
It has no significant impact
It is only used for luxury brands
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