Retail Management Midterm Exam

What is the role of retailers in the distribution channel?

• Manufacturing

• Selling and Promotion

• Transportation

• Agriculture

What are the prospects of retailing in the Philippines based on?

• Decreasing consumer spending

• Ruralization

• Increasing consumer spending

• Government opposition

What is the price-cost trade-off faced by retailers?

• Speed-Efficiency

• Innovation-Tradition

• Variety-Assortment

• Quality-Quantity

What are the different types of retailers?

• Food retailers, Clothing retailers, Electronics retailers, Furniture retailers

• Automotive retailers, Health retailers, Beauty retailers, Sports retailers

• Food retailers, General merchandise retailers, Non-store retail formats, Services retailing

• Technology retailers, Home improvement retailers, Pet retailers, Jewelry retailers

What is channel retailing?

• Making products available to consumers through various pathways

• Selling products through e-commerce platforms only

• Selling products through brick-and-mortar stores only

• Selling products through social media only

What is the evolution toward multichannel retailing?

• Adopting single-channel strategies

• Integrating physical and digital channels

• Ignoring customer expectations

• Focusing only on traditional brick-and-mortar stores

What are the various functions performed by retailers?

• Selling and promotion, product assortment, and customer service

• Manufacturing and transportation

• Quality control and inventory management

• Research and development

What are the characteristics of retailers?

• High cost and low quality

• Low cost and high quality

• High cost and high quality

• Low cost and low quality

What are the implications of different types of land ownership for retailers?

• Negative impact on retailers

• No impact on retailers

• Significant impact on retailers

• Minimal impact on retailers

What is the importance of customer services in differentiating retailers?

• High importance

• No importance

• Low importance

• Medium importance