Top 350+ Solved Retail Management MCQ Questions Answer

From 16 to 30 of 360

Q. The major componenet of solid waste that a retailer generates in the environment

a. branding

b. labelling

c. packaging

d. naming

  • c. packaging

Q. This display exhibits heavier, bulkier items than racks hold

a. open

b. closesd

c. case

d. ensemble

  • c. case

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

a. latin.

b. french.

c. english.

d. german.

  • a. latin.

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

a. large quantities.

b. small quantities.

c. both a & b.

d. none of these.

  • b. small quantities.

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

a. profitability.

b. sales growth.

c. return on investment

d. all of these.

  • d. all of these.

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

a. producer.

b. customer.

c. wholesaler.

d. all of these.

  • d. all of these.

Q. Retailing creates-------.

a. time utility.

b. place utility.

c. ownership utility.

d. all of these.

  • d. all of these.

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

a. assortment of offerings.

b. holding stock.

c. extending services.

d. all of these.

  • d. all of these.

Q. The correct statement about chain stores is ----.

a. they offer economic of scale in buying.

b. they can hire good managers.

c. they integrate wholesaling and retailing function.

d. they centralize function.

  • d. they centralize function.

Q. Which of the following objectives is concerned with strategic marketing planning?

a. Day to day performance and results.

b. Over-all long term organizational growth.

c. Identifying the strengths and weaknesses of marketing department

d. None of the above.

  • b. Over-all long term organizational growth.

Q. Which sources of advantage will be helpful for a firm to achieve positionaladvantage over its competitors?

a. Superior skills.

b. Superior resources.

c. Superior controls.

d. All of the above a, b and c.

  • d. All of the above a, b and c.

Q. What are the elements that a mission statement of an organization should include?

a. Sets guidelines for business operations

b. Identifies the reasons for existence of a company and its responsibilities to the stakeholders

c. Identifies the firms customers and their needs and marches them with products and services.

d. All of the above 1, 2 and c.

  • d. All of the above 1, 2 and c.

Q. The term which is used to identify the major areas of business of a diversifiedorganization is.

a. Business are

b. Business segment, group or diversion

c. Business scope.

d. Diversified business.

  • b. Business segment, group or diversion
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