Retail Management Practice Test
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Retail Management is concerned with retailing and retail operations -  how retail outlets are maintained and how commodities reach customers from these retail stores.  Retail Management involves activities such as buying, financing, merchandising, inventory control, marketing, personnel, and operations. It also involves attracting the customers to the store, then selling the products to the customers according to their needs and wants.  That's not all. Retail Management involves the management of the brand image, maintaining relationships with the customers, sales management, keeping a... Show more
Retail Management Practice Test
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25 Questions

1. A traditional format that sell 20-80 percent of groceries and other consumable product at discounted prices
2. Product assortment depth focus on
3. The best grocery store must be target ing.......
4. Which method of organizational buying is suitable for he second-hand used vehicles, buildings etc, that have unique characteristics, but vary depending on their condition and usage.
5. Which one of the following is not an internal source of generating ideas for new product development
6. The oldest and most heavily trafficked city area is called
7. At what stage is the threat from competitors at its peak in an industry?
8. . Consumer do their own picking, pay in cash and carry the merchandise away
9. Person to person interaction between a retailer and a prospective customer is:
10. The correct statement about chain stores is .....
11. Which form of organization is subject to double taxation?
12. Layout means perfect.......of store.
13. .... is often critical for the proper accomplishment of a divestiture and can provide comfort to the employee as well as to potential buyers.
14. Which one of the following represents the best long-run opportunity in a firm's portfolio?
15. Attracting potential employees is more difficult in case of ........-.
16. Which objective gives importance to productivity, technological leadership, employee relations, etc?
17. Which analysis compares the strengths and weaknesses of a firm against the opportunities and threats in the external environment.
18. Which of the following relationship strategies result into forming of a new organization.
19. A multi channel retailer sells merchandise .....
20. Insurance against........is more important due to government rules.
21. Discount stores and mass merchandisers falls into
22. Door to door selling is carried out by
23. A retailer's commitment to a type of business and to a distinctive role in the marketplace is its:
24. The final stage of the consumer shopping/purchase model around which all other stages revolves is the.
25. If a retailer is offering the same products and quantities to different customers at different prices, the retailer has what kind of pricing policy?

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