Large Scale Retail Trade Test 2

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Large Scale Retail Trade Test 2

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Weekly Quiz Competition

Question 1
1 / -0

_______________ is used to buy and sell goods by inserting coins.

A
Automatic Vending Machine

B
Main Order Houses

C
Wholesale

D
None of the above

Solution

A vending machine is a new form of direct retailing. It is a machine operated by coins or tokens. The buyer inserts a coin or token in the machine and receives a specific quantity of the product.
Question 2
1 / -0

___________ is a network of number of branches situated at different localities in the city or in the different parts of the country.

A
Departmental Stores

B
Multiple Shops

C
Consumer Cooperative Store

D
None of the above

Solution

Multiple shops / chain stores refer to several identical retail located in different parts of the city. These shops are owned and controlled by a single organization. Such stores may be established by manufacturers or traders.
Question 3
1 / -0

The chances of incurring loses in departmental stores are high as a result of _________________.

A
high operating costs

B
large scale operations

C
small scale operations

D
both A and B
Question 4
1 / -0

Name the advantages offered by Multiple shops to its customers.

A
Economies of scale

B
Low cost

C
Diffusion of risk

D
All of the above
Question 5
1 / -0

The benefits of large scale operations are enjoyed by_____________ in respect of purchase of goods.

A
chain stores

B
consumer cooperative stores

C
departmental stores

D
all of the above

Solution

Large retail establishment with an extensive assortment in variety and range of goods, organized into separate departments. All departments are housed under the same roof to facilitate buying, customer service, merchandising, and control.
Question 6
1 / -0

The departmental store caters to the needs of relatively_________________ of people.

A
high income group

B
low income group

C
Both A and B

D
None of the above

Solution

A high income economy is defined by the World Bank as a country with a gross national income per capita US$12,056 or more in 2017, calculated using the Atlas method. While the term "high income" is often used interchangeably with "First World" and "developed country", the technical definitions of these terms differ.
Question 7
1 / -0

Name a fixed shop large retailer in which the number of shops with similar appearances are located in different parts of the country.

A
Chain stores

B
Departmental stores

C
Mail order houses

D
Consumer cooperative store
Question 8
1 / -0

Name the fixed shop large retailer which satisfies all the needs of customers under one roof.

A
Chain stores

B
Consumer cooperative store

C
Mail order housing

D
Departmental stores

Solution

A department store is a retail establishment offering a wide range of consumer goods in different product categories known as "departments".
Question 9
1 / -0

Some of the services offered by departmental stores to its customers includes_________________.

A
home delivery of goods

B
execution of telephone orders

C
grant of credit faciities

D
all of the above
Question 10
1 / -0

Mail order retailing is also referred to as _______.

A
non-store impersonal retailing

B
shopping by post

C
selling by post

D
(A) or (B) or (C)

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Re-Attempt Weekly Quiz Competition

Large Scale Retail Trade Test 2

Result

Large Scale Retail Trade Test 2

Score

-

Rank

-

SHARING IS CARING

Question 1

Automatic Vending Machine

Main Order Houses

Wholesale

None of the above

Solution

Question 2

Departmental Stores

Multiple Shops

Consumer Cooperative Store

None of the above

Solution

Question 3

high operating costs

large scale operations

small scale operations

both A and B

Question 4

Economies of scale

Low cost

Diffusion of risk

All of the above

Question 5

chain stores

consumer cooperative stores

departmental stores

all of the above

Solution

Question 6

high income group

low income group

Both A and B

None of the above

Solution

Question 7

Chain stores

Departmental stores

Mail order houses

Consumer cooperative store

Question 8

Chain stores

Consumer cooperative store

Mail order housing

Departmental stores

Solution

Question 9

home delivery of goods

execution of telephone orders

grant of credit faciities

all of the above

Question 10

non-store impersonal retailing

shopping by post

selling by post

(A) or (B) or (C)

User

Question Analysis

My Perfomance

Score

-

Rank

-

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