Retail Management Quiz

The inventory management process at Saisha's retail store includes which of the following steps? A) Procurement B) Inventory management C) Pricing D) All of the above

• Procurement

• Inventory management

• Pricing

• All of the above

Entrepreneurs in the fashion industry are known for their:

A) Innovation

B) Risk aversion

C) Conformity

D) Procrastination

• Innovation

• Risk aversion

• Conformity

• Procrastination

What is the primary purpose of customer relationship management (CRM) in a grocery store?

• To alienate customers

• To create barriers between customers and the store

• To build and maintain relationships with customers

• None of the above

What is the primary focus of managing a grocery store shelf?

• Hiding products from customers

• Maximizing product visibility and accessibility

• Emptying shelves

• None of the above

In a grocery store, why is cash management important?

• To ensure smooth operations and prevent losses

• To discourage cash transactions

• To minimize cash profits

• None of the above

The retail industry in India is known for:

A) Slow growth

B) Rapid expansion

C) Stagnation

D) Decline

• Slow growth

• Rapid expansion

• Stagnation

• Decline

Which of the following is a characteristic of global marketing? A) Local focus B) Limited market reach C) Global expansion D) Domestic operations only

• Local focus

• Limited market reach

• Global expansion

• Domestic operations only

Which of the following is NOT a task of a cashier in a grocery store?

• Scanning items at the checkout counter

• Assisting customers with finding products

• Creating promotional flyers

• Managing employee schedules

Which of the following is NOT a benefit of using floor plans in a retail store?

• Maximizing product visibility

• Optimizing space utilization

• Confusing customers

• None of the above

Retail job opportunities include positions in: A) Marketing B) Operations C) Human resources D) All of the above

• Marketing

• Operations

• Human resources

• All of the above