Retail Management MCQs and Notes

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📊 Retail Management
Q. Which system is useful in coordinating data systems, tools and techniques with supporting software and hardware that enable managers to take appropriate marketing decisions.
  • (A) Sales decision support systems.
  • (B) Marketing decision support systems.
  • (C) Standardized information systems.
  • (D) None of the above
💬 Discuss
✅ Correct Answer: (B) Marketing decision support systems.
📊 Retail Management
Q. Marketing information system gathers information from internal sources like marketing intelligence and marketing research to help the manager in.
  • (A) Assessing the information needs.
  • (B) Developing the needed information.
  • (C) Distributing the information.
  • (D) All of the above
💬 Discuss
✅ Correct Answer: (D) All of the above
📊 Retail Management
Q. Management information system MIS supplies information, which include data from both internal and external sources is useful for .
  • (A) Order processing.
  • (B) Invoicing.
  • (C) customer analysis and product performance.
  • (D) all of the above.
💬 Discuss
✅ Correct Answer: (D) all of the above.
📊 Retail Management
Q. Which of the following do not include while in the learning process of a market- oriented organization.
  • (A) Open-minded inquiry.
  • (B) Synergistic information distribution.
  • (C) Mutually informed interpretation and accessible memory.
  • (D) None of the above.
💬 Discuss
✅ Correct Answer: (D) None of the above.
📊 Retail Management
Q. When making 'purchasing decisions', the chief considerations involved in the organizational buying are.
  • (A) Product quality.
  • (B) Price.
  • (C) Service.
  • (D) All the above.
💬 Discuss
✅ Correct Answer: (D) All the above.
📊 Retail Management
Q. Which method of organizational buying is suitable for he second-hand used vehicles, buildings etc, that have unique characteristics, but vary depending on their condition and usage.
  • (A) Inspection.
  • (B) Description.
  • (C) Sampling.
  • (D) Negotiation.
💬 Discuss
✅ Correct Answer: (A) Inspection.
📊 Retail Management
Q. Which of the following buying instruments does not found in consumer buying?
  • (A) Requests for quotations.
  • (B) Proposals.
  • (C) Purchase contracts.
  • (D) None of the above
💬 Discuss
✅ Correct Answer: (D) None of the above
📊 Retail Management
Q. A set of basic values, perceptions, wants and behavior learnt by a member of society from the family and other important constitution is called.
  • (A) Social learning.
  • (B) Sub-culture.
  • (C) Culture.
  • (D) Social development.
💬 Discuss
✅ Correct Answer: (C) Culture.
📊 Retail Management
Q. Which of the following is not a factors is not one of the elements that need to be considered when designing a sales job?
  • (A) feedback from supervisors.
  • (B) the number of complaints a salesperson should have to handle.
  • (C) the amount of variety involved
  • (D) the appropriate degree of autonomous.
💬 Discuss
✅ Correct Answer: (B) the number of complaints a salesperson should have to handle.
📊 Retail Management
Q. Which of the following is not a factor in determining the service level to offer
  • (A) income of target market.
  • (B) price image of the retailer.
  • (C) services offered by the competition
  • (D) firm's management structure
💬 Discuss
✅ Correct Answer: (D) firm's management structure

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