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Retail Management Midterm Exam

Authored by John Dormentes

Business

University

Used 6+ times

Retail Management Midterm Exam
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of retailers in the distribution channel?

Manufacturing

Selling and Promotion

Transportation

Agriculture

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Decreasing consumer spending

Ruralization

Increasing consumer spending

Government opposition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Speed-Efficiency

Innovation-Tradition

Variety-Assortment

Quality-Quantity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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