NEW
Font size
WorksheetsRETAIL MGT-QUIZ 1
Total questions: 10
Worksheet time: 8mins
He said that retailing includes all activities in selling goods or services to the final consumers for personal, non-business use.
Sam Walton
Phillip Kotler
FW Taylor
Adam Smith
A retailer sell raw materials.
True
False
Examples of a Merchandised based.
Convenience Store, Postal Orders, Banks
Franchises, Chain Stores, Direct Sales
Factory Outlets, Hypermarket, Specialty Stores
Email Order, Car Rentals, Cooperative Stores
It refers to when multiple outlets are under common ownership.
Franchises
Chain Stores
Hypermarket
Convenience Store
This store target consumers who want to make quick and easy purchases.
Supermarket
Hypermarket
Convenience Store
Chain Store
These are one-stop shopping retail stores with at least 3000 sq.ft. selling space, out of which 35% space is dedicated towards non-grocery products.
Hypermarket
Supermarket
Franchises
Convenience Store
What is service retailing?
Can be stored in outlet while retailing.
Timeliness and nature of people involved are crucial factors in the success.
Ownership of the purchased product can be transferred from owner to consumers after transactions.
Can be standardized.
Which best describe wholesale?
has to work on attracting customers, managing selling space, employee’s salaries
are sold to the customers directly
sells the products by adding profit margin hence the cost of product increases
has a direct contact with the manufacturer.
It is the degree at which the customer is pleased after purchasing and using a product or availing a service and going to the same retailer or service provider.
Consumerism
Consumption
Customer Satisfaction
Empowered Consumers
It is planning, executing and controlling of the procurement and movement of material and resources on some beneficial purpose
Logistics
Switching Costs
Retail
Supply Chain Management
