πŸ“Š Retail Management
Q. Slotting fee is related to the costs associated with
  • (A) When distributors piles the stock
  • (B) When supermarkets accept a new brand
  • (C) When manufacturers markets the products
  • (D) All of the above
πŸ’¬ Discuss
βœ… Correct Answer: (B) When supermarkets accept a new brand
πŸ“Š Retail Management
Q. Generics are
  • (A) Unbranded versions of common products
  • (B) Plainly packaged versions of common products
  • (C) Less expensive versions of common products
  • (D) All of above are true
πŸ’¬ Discuss
βœ… Correct Answer: (D) All of above are true
πŸ“Š Retail Management
Q. A private-label brand is developed by
  • (A) Wholesalers
  • (B) Retailers
  • (C) Both a and b
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (C) Both a and b
πŸ“Š Retail Management
Q. A private-label brand is also known as
  • (A) A reseller brand
  • (B) A store brand
  • (C) A distributor brand
  • (D) All of the above
πŸ’¬ Discuss
βœ… Correct Answer: (D) All of the above
πŸ“Š Retail Management
Q. Retailers can evaluate a particular store's sales effectiveness by looking at
  • (A) A number of passing on an average day
  • (B) Percentage who buy and average amount per sale
  • (C) Percentage who enter the store
  • (D) All of the above
πŸ’¬ Discuss
βœ… Correct Answer: (A) A number of passing on an average day
πŸ“Š Retail Management
Q. Discount stores and mass merchandisers falls into
  • (A) High-mark up, lower volume group
  • (B) Low-mark up, higher volume group
  • (C) High-mark up, higher volume group
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (B) Low-mark up, higher volume group
πŸ“Š Retail Management
Q. Fine specialty stores falls into
  • (A) High-mark up, lower volume group
  • (B) Low-mark up, higher volume group
  • (C) High-mark up, higher volume group
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (A) High-mark up, lower volume group
πŸ“Š Retail Management
Q. Prices must be decided in relation to
  • (A) The product
  • (B) The service assortment mix
  • (C) The target market and competition
  • (D) All of the above
πŸ’¬ Discuss
βœ… Correct Answer: (D) All of the above
πŸ“Š Retail Management
Q. Direct profit profitability is related to
  • (A) Measuring a product's handling costs
  • (B) Measuring a product's sales cost
  • (C) Measuring a product's manufacturing costs
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (A) Measuring a product's handling costs
πŸ“Š Retail Management
Q. As per a study of economics of selling and buying individual products, it is found that a third of their square footage is occupied with the products that don't result in an economic value for retailer.
  • (A) True
  • (B) False
  • (C) Can't say
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (A) True