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Retail Management Study Set 1
Exam 13: Operations Management: Operational Dimensions
Path 4
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Question 61
Multiple Choice
Which of the following is not an advantage of an operations blueprint?
Question 62
Multiple Choice
Board members of public corporations can be liable for their actions that may result in the loss in value of the retailer's stock.To cover this potential loss,retailers typically provide them with _____ insurance.
Question 63
Multiple Choice
Which of the following energy management strategies is most likely to have a negative impact on a retailer's atmosphere?
Question 64
Multiple Choice
A retailer is concerned about such issues as tradeoffs between faster delivery times from suppliers and higher shipping costs and support from suppliers in storing merchandise.These issues concern _____.
Question 65
True/False
Prototype stores are often used in conjunction with micromerchandising.
Question 66
Multiple Choice
An advantage of the use of a wireless scanner in conjunction with a radio frequency identification tag (RFID) over a Universal Product Code (UPC) is its _____.
Question 67
True/False
A comprehensive store security program needs to address both personal security and merchandise security.
Question 68
Multiple Choice
What percent of retail transactions are by either credit or debit card?
Question 69
Multiple Choice
The opposite of extreme employee specialization is _____.
Question 70
Multiple Choice
Highly centralized management and strict operating procedures for each phase of business characterize _____.
Question 71
Multiple Choice
A retailer shifting from a retailer-based credit card system to a bank-based credit card system illustrates _____.
Question 72
Multiple Choice
The use of prototype stores is commonly associated with _____.
Question 73
Multiple Choice
Which of the following does not contribute to the difficulty in planning personnel utilization in retailing?
Question 74
Multiple Choice
A listing and sequencing of interrelated tasks that must be performed by several retail personnel to assure that a retail service is efficiently and effectively performed is an important part of a(n) _____.