Q. The products which enjoy popularity and generte lot of sales in a short span of time and later go out of fashion
✅ Correct Answer: (A)
fad
Retail Management MCQs and Notes
Q. ______________ offers various incentives and rewards to customers on the basis of cumulative purchases from a given provider, be it a store, a service, or a manufacturer
✅ Correct Answer: (B)
frequent shopper progrmme
Q. This is the most preferred mode through which foreign players have entered the Indian market. It is the easiest route to enter the Indian market
✅ Correct Answer: (B)
franchising
Q. A store that stocks particular type of merchandise
✅ Correct Answer: (B)
speciality
Q. A retailer’s ______________ is the key to its ability to attract customers.
✅ Correct Answer: (A)
location
Q. For which retail offering location is very important?
✅ Correct Answer: (C)
departmental store
Q. How difficult it is to change retail location frequently?
✅ Correct Answer: (A)
extremely difficult
Q. Freedom layout indicates that merchandise is arranged ______________.
✅ Correct Answer: (C)
in an asymmetrical manner
Q. Free standing sites are located at ____________
✅ Correct Answer: (B)
high pedestrian traffic area
Q. The layout that has parallel aisles with merchandise on shelves on both sides of the aisles is _______.
✅ Correct Answer: (C)
grid