Exam 1: Introduction to the World of Retailing

The intensity of competition is greatest among retailers when:

What are the major value-creating activities performed by retailers?

How do retailers use customer transaction data?

A(n)_____ is a set of firms that make and deliver a given set of goods and services to the ultimate consumer.

Retail information and supply chain management systems help retailers to:

_____ are the principles governing the behavior of individuals and companies that establish appropriate behavior and indicate what is right and wrong.

The competition between the same type of retailers is called _____.

_____ is the value-creating activity in which a retailer makes available a wide range of products of different brands and prices at a single location.

Which of the following is NOT an example of intertype competition?

How do retail information and supply chain management help retailers gain a strategic advantage?

The U.S.retail industry:

Increasing intertype competition has made it harder for retailers to identify their:

Which of the following statements about retailers holding inventory is FALSE?

The U.S.retail industry has:

Retailers are a key component in a supply chain that links manufacturers to consumers.

A _____ refers to the market toward which a retailer will direct its efforts.

Retailers function as wholesalers when:

Retailers provide important functions that increase the value of the products and services they sell to consumers.Which of the following is NOT a value-creating activity performed by a retailer?

The retailer strategy helps a retailer to identify all of the following EXCEPT:

_____ arises when a retailer performs some distribution and manufacturing activities,such as operating warehouses or designing private-label merchandise.