Retail Management Quiz

What is the primary role of retailing?

• Manufacturing products

• Distributing products to wholesalers

• Providing financial services

• Selling goods directly to consumers

Which of the following is NOT a feature of retailing?

• Variety of products

• Customer service

• Selling in large quantities

• Direct interaction with consumers

What type of retailing focuses on food and household items?

• Convenience Stores

• Supermarkets

• Department Stores

• Specialty Stores

Which of the following is an example of non-store retailing?

• Department Stores

• E-commerce

• Specialty Stores

• Supermarkets

What is a significant economic contribution of retailing?

• Decreasing consumer access

• Reducing employment opportunities

• Driving consumer spending

• Limiting product variety

Which challenge do retailers face in India?

• Price sensitivity of consumers

• Lack of consumer preferences

• Uniform consumer behavior

• Excessive government support

What is a key characteristic of the maturity stage in the retailing life cycle?

• Strong market presence

• High investment costs

• Declining sales and profits

• Rapid sales growth

Which of the following is a strategy for retailers to enhance customer experience?

• Limiting product choices

• Offering personalized service

• Focusing solely on price

• Ignoring customer feedback

What does omni-channel retailing involve?

• Only online shopping

• Only physical stores

• Combining online and offline channels

• Focusing on one retail format

Which of the following is a challenge related to technology in retailing?

• Excessive reliance on physical stores

• Lack of consumer interest in online shopping

• Slow adoption of advanced technologies

• Overuse of traditional marketing