Q. Parking space is very important for........
✅ Correct Answer: (B)
Retail store
Retail Management MCQs and Notes
Q. It is a requirement imposed by a vendor that a retailer cannot sell an item for the less than a specific price.
✅ Correct Answer: (A)
Resale Price Maintenance (RPM)
Q. Which marketing tool uses multiple factors to assess industry attractiveness and business strength?
✅ Correct Answer: (A)
The GE Grid.
Q. Consumer do their own picking, pay in cash and carry the merchandise away
✅ Correct Answer: (C)
The Cash and carry
Q. Which of the following provides a basis for monitoring and controlling organizational performance?
✅ Correct Answer: (D)
Annual objectives
Q. Which business unit holds a large market share in a mature and slow growing industry?
✅ Correct Answer: (B)
Cash cow.
Q. Which of the following factors plays a significant role in providing superior quality products to customers, within a given time frame?
✅ Correct Answer: (A)
Technology.
Q. Which factor indicates the nature and direction the economy in which a firm operates?
✅ Correct Answer: (A)
Economic environment.
Q. What describes the market, product and technological area of a business?
✅ Correct Answer: (B)
Company's mission.
Q. When analyzing your business and its environment it is useful to carefully inspect its:.
✅ Correct Answer: (D)
All of the above.