Large Scale Retail Trade Test 3

Result

Large Scale Retail Trade Test 3

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

Name the retailer enterprise in which sales are made strictly on cash basis.

A
Chain stores

B
Departmental stores

C
Consumer cooperative store

D
All of the above
Question 2
1 / -0

Name a large shop retailer that is generally formed as a Joint stock company managed by a board of directors.

A
Chain stores

B
Departmental Stores

C
Mail order houses

D
None of the above
Question 3
1 / -0

What restricts the purchasing power of buyers from Super markets?

A
No credit facility.

B
No personal attention.

C
Huge operating costs.

D
None of these.

Solution

Buyers' power refers to the pressure buyer can exert on businesses by raising prices, lowering quality, or reducing the availability of their products. Furthermore, a strong buyer can make an industry more competitive and decrease the profit potential for the buyer.
Question 4
1 / -0

The success of mail order business depends heavily on the availability of __________ at a place.

A
efficient postal services

B
credit facilities

C
after sale services

D
none of the above

Solution

It means postal services can deliver more efficiently to their customers, helping to unlock new opportunities and fuel economic growth.
Question 5
1 / -0

Name the type of goods that are suitable for trading through mail order houses.

A
Goods that can be graded and standardized

B
Goods that can be easily transported at a low cost

C
Goods that can be described through pictures

D
All of the above

Solution

Mail order houses are the retail outlets that sell their merchandise through mail. There is generally no direct personal contact between the buyers and the sellers in this type of trading.
Only the goods that can be:
(i) graded and standardised
(ii) easily transported at low cost
(iii) have ready demand in the market
(iv) are available in large quantity throughout the year
(v) involve least possible competition in the market and
(vi) can be described through pictures etc., are suitable for this type of trading.
Question 6
1 / -0

Which of the following is a characteristic of a mail order house?

A
Huge capital requirement

B
Elimination of middle man

C
Presence of bad debt

D
None of the above

Solution

The term "middleman" describes an intermediary between a producer and an end customer. In a typical distribution channel, the middleman is the wholesaler or the retailer. Manufacturers would eliminate the middleman by selling products directly to retail stores or consumers.
Question 7
1 / -0

Which of the limitation talks about lack of initiative under the Chain store or Multiple shops retailer?

A
Fluctuations in demand for the merchandise may lead to loss because of large stock.

B
The personnel managing the multiple shops have to obey the instructions received from the head office which makes them habitual for directions.

C
The multiple shops deal only in limited range of products.

D
All of the above

Solution

It is an approach to operating a retail business in which you offer products to customers through multiple retail channels. Brick and mortar stores, catalogs and the Internet are three primary multiple channels used by many retailers, but other, smaller retail formats exist as well.
Question 8
1 / -0

Why are the prices of goods lower in super markets than in other retail stores?

A
Because of bulk purchasing.

B
Low profit margins.

C
Both A and B

D
None of the above

Solution

A super market is a large retailing business unit selling wide variety of consumer goods on the basis of low margin appeal, wide variety and assortment, self-service and heavy emphasis on merchandising appeal.
The prices of the products are generally lower than other types of retail stores because of bulk purchasing, lower operational cost, and low profit margins.
Question 9
1 / -0

Mention the goods that are traded in Super markets.

A
Groceries

B
Utencils

C
Electronic goods

D
All of the above

Solution

A supermarket is a self-service shop offering a wide variety of food and household products, organized into sections and shelves. It is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or big-box market.
Question 10
1 / -0

What are the main characteristics of Super markets?

A
They have wide variety and assortment.

B
Self-Service

C
Heavy emphasis on merchandising appeal.

D
All of the above

Solution

Characteristics of Supermarket
(i) They are located in the main shopping centres of an area with adequate parking facilities.
(ii) They function on cash-and-carry lines and offer no credit.
(iii) There are no selling counters or selling assistants to help the customers.
(iv) They stock a very wide range of food and non-food products, particularly meat products, dairy products, tinned food, bakery items, vegetables and other household products.
(v) They are large retail organisations and are a useful channel of distribution.
(vi) They have low sales overheads since no salesmen are employed.
(vii) The products stored in a super market are properly packed and placed on separate racks in order to facilitate purchasing by the buyer.
(viii) It is one of the leading methods of retailing in the USA.
(ix) They use mass displays of goods, have low prices and operate on self-service basis.
(x) The buyer is completely at ease while buying as there is no undue sales pressure by counter salesmen.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Large Scale Retail Trade Test 3

Result

Large Scale Retail Trade Test 3

Score

-

Rank

-

SHARING IS CARING

Question 1

Chain stores

Departmental stores

Consumer cooperative store

All of the above

Question 2

Chain stores

Departmental Stores

Mail order houses

None of the above

Question 3

No credit facility.

No personal attention.

Huge operating costs.

None of these.

Solution

Question 4

efficient postal services

credit facilities

after sale services

none of the above

Solution

Question 5

Goods that can be graded and standardized

Goods that can be easily transported at a low cost

Goods that can be described through pictures

All of the above

Solution

Question 6

Huge capital requirement

Elimination of middle man

Presence of bad debt

None of the above

Solution

Question 7

Fluctuations in demand for the merchandise may lead to loss because of large stock.

The personnel managing the multiple shops have to obey the instructions received from the head office which makes them habitual for directions.

The multiple shops deal only in limited range of products.

All of the above

Solution

Question 8

Because of bulk purchasing.

Low profit margins.

Both A and B

None of the above

Solution

Question 9

Groceries

Utencils

Electronic goods

All of the above

Solution

Question 10

They have wide variety and assortment.

Self-Service

Heavy emphasis on merchandising appeal.

All of the above

Solution

Characteristics of Supermarket

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.