Question 1

List and explain at least four trends that are rapidly changing the retail industry.

Accepted Answer

Empowered, discriminating consumers. Con

Question 2

Which of the following is not a benefit of retail store channel shopping?

Accepted Answer

A)  Browsing 
B)  Cash payment 
C)  Personal service 
D)  Touch and feel products 
E)  Personal safety 
A)  Browsing 
B)  Cash payment 
C)  Personal service 
D)  Touch and feel products 
E)  Personal safety

Question 3

The most common purchases from vending machines are:

Accepted Answer

A)  cigarettes 
B)  ice 
C)  airplane insurance 
D)  condoms 
E)  beverages and snack food 
A)  cigarettes 
B)  ice 
C)  airplane insurance 
D)  condoms 
E)  beverages and snack food

Question 4

The primary issue facing food retailers in general, and supermarket and convenience store retailers in particular, is the increasing level of competition from other types of retailers List type of retailers tha competing with them and give examples.
Explain and give examples how food retailers are responding to this treat.

Accepted Answer

Other retailers such as department store

Question 5

Manufacturers view their outlet stores as advantageous over selling to other off-price retailers because:

Accepted Answer

A)  they do not have to offer rock-bottom prices 
B)  they do not have to work with buyers of other companies 
C)  they are interested in by-passing traditional retailers and wholesalers and sell direct to the consumer 
D)  it allows them some control over where their branded merchandise is sold 
E)  All answers provided are correct. 
A)  they do not have to offer rock-bottom prices 
B)  they do not have to work with buyers of other companies 
C)  they are interested in by-passing traditional retailers and wholesalers and sell direct to the consumer 
D)  it allows them some control over where their branded merchandise is sold 
E)  All answers provided are correct.

Question 6

Frank was shopping for electric fuses for his fuse box. Flash Hardware sold them for $3.99 for a box of six, but when he went to the same retailer's website, he found the same set for $2.99. Flash Hardware has a problem with:

Accepted Answer

A)  a communication problem between channels 
B)  a pricing mistake by the store manager 
C)  depth of merchandise 
D)  price consistency across channels 
E)  product consistency 
A)  a communication problem between channels 
B)  a pricing mistake by the store manager 
C)  depth of merchandise 
D)  price consistency across channels 
E)  product consistency

List and explain at least four trends that are rapidly changing the retail industry.

Which of the following is not a benefit of retail store channel shopping?

The most common purchases from vending machines are:

Manufacturers view their outlet stores as advantageous over selling to other off-price retailers because:

Frank was shopping for electric fuses for his fuse box. Flash Hardware sold them for $3.99 for a box of six, but when he went to the same retailer's website, he found the same set for $2.99. Flash Hardware has a problem with:

Introduction to the World of Retailing

Customer Buying Behaviou

Retail Market Strategy

Retail Locations Strategytrade Area Decisions and Site Assessment

Store Design, Layout, and Visual Merchandising Strategy

International Retailing Strategy

Financial Strategy

Information Systems and Supply Chain Management

Merchandise Management

Buying Strategies

Retail Pricing

Human Resource Management and Staff Training Issues

Building Customer Loyalty: Customer Relationship Management and Service Strategies

Appealing to the Customer: Retail Communication Mix

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Exam 2: Types of Retailers

List and explain at least four trends that are rapidly changing the retail industry.

Which of the following is not a benefit of retail store channel shopping?

The most common purchases from vending machines are:

Manufacturers view their outlet stores as advantageous over selling to other off-price retailers because:

Frank was shopping for electric fuses for his fuse box. Flash Hardware sold them for $3.99 for a box of six, but when he went to the same retailer's website, he found the same set for $2.99. Flash Hardware has a problem with:

Introduction to the World of Retailing

Customer Buying Behaviou

Retail Market Strategy

Retail Locations Strategytrade Area Decisions and Site Assessment

Store Design, Layout, and Visual Merchandising Strategy

International Retailing Strategy

Financial Strategy

Information Systems and Supply Chain Management

Merchandise Management

Buying Strategies

Retail Pricing

Human Resource Management and Staff Training Issues

Building Customer Loyalty: Customer Relationship Management and Service Strategies

Appealing to the Customer: Retail Communication Mix

Filters