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Retail Industry Overview

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

This type of retailer offers a variety of merchandise, has limited services and has low prices.

a)

Direct Selling

b)

Closeout Store

c)

Off Price Retailer

d)

Discount Store

2.

Eddie's One Stop is an example of which retail format?

a)

Department store

b)

Convenience Store

c)

Discount Store

d)

Speciality Store

3.

A general merchandiser that offers good services and a broad variety and assortment of products of mid-to high quality.

a)

Off Price Retailer

b)

Convenience Store

c)

Department Store

d)

Closeout Store

4.

Out of the 4 stores listed below, pick one that is an example of a department store. (There may be two options. Pick one.)

a)

Stine

b)

Amazon

c)

Kohls

d)

Macy's

5.

This part of the distribution chain produces the products

a)

Manufacturer

b)

Wholesaler

c)

Customer

d)

Retailer

6.

This part of the distribution chain buys large qualities of products directly from the manufacturer, breaks them into smaller units, and sells the smaller units to retailers.

a)

Manufacturer

b)

Wholesaler

c)

Customer

d)

Retailer

7.

Examples of this retail format include Limelife, Farmasi, Pampered Chef and Paparazzi Jewelry.

a)

Discount Stores

b)

Pure Play

c)

Outlet Stores

d)

Direct Selling

8.

This store started online and continues to operate all business that way.

a)

Outlet Store

b)

Pure Play

c)

Discount Store

d)

Closeout Store

9.

Champagnes and Rouses are examples of

a)

Supermarkets

b)

Wholesale Clubs

c)

Discount Stores

d)

Speciality Stores

10.

Goodwill and Plato's Closet are examples of

a)

Discount Stores

b)

Supercenters

c)

Closeout Stores

d)

Thrift Stores

11.

Armentor Jewlery is an example of

a)

Direct Selling

b)

Wholesale Club

c)

Speciality Store

d)

Convenience Store

12.

Great Harvest Bread Company is an example of

a)

Supermarket

b)

Convenience Store

c)

Pure Play

d)

Speciality Store

13.

The buyer who wants to be the first to purchase and own the latest merchandise is known as a

a)

Comparison shopper

b)

Diverse Shopper

c)

Innovative Customer

d)

Impulse Buyer

14.

The Customer who spends time searching for the best deal is known as a

a)

Diverse Shopper

b)

Impulse Buyer

c)

Comparison Shopper

d)

Innovative Customer

15.

Which of the following stores listed below is NOT a discount store?

a)

Dollar General

b)

Family Dollar

c)

Big Lots

d)

Walmart Supercenter

16.

This type of customer is hard to predict or understand.

a)

Innovative customer

b)

Recreational shopper

c)

Diverse Shopper

d)

Comparison Shopper

17.

This type of customer shops for FUN.

a)

Diverse shopper

b)

Comparison Shopper

c)

Recreational Shopper

d)

Follower

18.

Which of the following shows the correct stages in the decision making process?

a)

Post-purchase evaluation, purchase, evaluation of alternatives, information search, need recognition

b)

Post-purchase evaluation, need recognition, purchase, evaluation of alternatives, information search

c)

Need recognition, information search, evaluation of alternatives, purchase, post-purchase evaluation

d)

Diverse Need recognition, information search, purchase, evolution of alternatives, post-purchases evaluation

19.

Advertising message that impact purchase decisions.

a)

Social Cue

b)

Physical Cue

c)

Commercial Cue

20.

Which of the following shows the correct distribution channel?

a)

Customer, Retailer, Wholesaler, Manufacturer

b)

Retailer, Wholesaler, Customer, Manufacturer

c)

Manufacturer, Wholesaler, Customer, Retailer

d)

Manufacturer, Wholesaler, Retailer, Customer