Exam 1: Retail Management Concepts and Practices

---------activities performed by the retailers.

The process by which a retailer attempts to offer the right quantity of the right merchandise in the right place at the right time and meet the company's financial goalsis known as

In retailing there is a direct interaction with-------.

Which is not the basic reason of the importance of Retail Location?

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

______________ 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

The layout that has parallel aisles with merchandise on shelves on both sides of the aisles is _______.

A store that stocks particular type of merchandise

Retailer is a person who sells the goods in a---------.

The word Retail is derived from the------ word.

This display exhibits heavier, bulkier items than racks hold

What is not easy to change in Retail Management?

The main objective of the management is--------.

Free standing sites are located at ____________

This layout is the simplest type of store layout in which fixtures and merchandise are grouped into free-flowing patterns on the sales floor

This involves agreements to fix prices between parties at different levels of the same marketing channel

The products which enjoy popularity and generte lot of sales in a short span of time and later go out of fashion

Which products are produced and marketed by companies to many retailers?

Retailing creates-------.

Freedom layout indicates that merchandise is arranged ______________.