The following are ways Retailers add Value, EXCEPT _____
Isetan- Retail Mgt

Quiz
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Other
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Professional Development
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Medium

Gek Keow LEE
Used 2+ times
FREE Resource
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Provide Assortment (Buy other products at the same time / under one roof)
Break Bulk (Buy in quantities customers want)
Hold Inventory (Buy it at a convenient place when you want it)
Offer Signages (Get coupons and brochures)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3 recent retail industry trends and priorities are __________
Cold chain (freezer capabilities), Omnichannel (reverse logistics), and Digital (social commerce)
Supply chain (last-mile capabilities), Omnichannel (reverse logistics), and Digital (social commerce)
Supply chain (last-mile capabilities), Multi-channel (logistics), and Digital (social commerce)
Supply chain (last-mile capabilities), Omnichannel (reverse logistics), and Facebook (who you know)
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Cost of acquiring a new customer can be _______ times more than retaining old customers.
2-3
4-5
6-7
8-9
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Gross Margin Percentage (%) =
(net sales – COGS)/ net sales
(net sales – COGS)+ net sales
(net sales – COGS)/ gross sales
(net sales – COGS)+ gross sales
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Furniture shops, high-end women’s specialty store and jewellery stores typically have ________.
High-Margin/
High-Turnover
High-Margin/
Low-Turnover
Low-Margin/
Low-Turnover
Low-Margin/
High-Turnover
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Retail Mix includes 6 Ps. The following are NOT part of the 6 Ps.
Place (Location),
Product (Merchandise management)
Price (Pricing),
Promotion (Communication Mix)
Politics (Political factors), Placement (Display)
Presentation (Store design & VM),
Personnel (Customer service & selling)
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