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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. What is the frame work that describes the positioning of firms database to support decisions with in the purview of total customer loyalty strategy
2. Which of the following is an example of an external threat?
3. __________ includes all of the activities involved in selling goods or services to those who buy for resale or business use.
4. Maintaining standard of a Store can attract..........
5. Which one of the following is not an element of promotional mix?
6. The number of product lines a company carries is called.
7. What bridges the gap between strategy formulation and implementation?
8. Which of the following statement about retail marketing is true
9. A retailer select a site such as,......
10. Which of the following items is required to develop a better financial plan?
11. Retailers such as Benetton, The Body Shop, and Marks and Spencer carry mostly own- brand merchandise. These are called _____ brands
12. An interactive marketing system which uses one or more advertising media to effect a measurable response and /or transactions at any location is called .
13. Door to door selling is carried out by
14. What are the factors that contribute to the corporate identity?
15. At what stage is the threat from competitors at its peak in an industry?
16. Which of the following psychological factors drive a person to satisfy his need and wants.
17. The wheel of retailing explains the emergence of new retailing forms by .....
18. Which of the following is an example of an internal strength?
19. Consumers who browse and/or purchase in more than one channel are known as _____.
20. A traditional format that sell 20-80 percent of groceries and other consumable product at discounted prices
21. Management information system MIS supplies information, which include data from both internal and external sources is useful for .
22. Which type of segmentation, classified consumers according to relevant needs and buying behavior, regardless of their countries and culture.
23. Attracting potential employees is more difficult in case of ........-.
24. A private-label brand is developed by
25. Consumer do their own picking, pay in cash and carry the merchandise away