Retail Management

BAMM6306 Retail Management
(Prelim Q1,Q2&PreLim Exam)

This course is devoted to the dynamic development of retailing. The core of Retail Management is the various strategy concepts adopted by retailing companies and their implementation in practice. This course is intended to demonstrate the complex and manifold questions of retail management that provide a thematic overview of key issues and to illustrate to the students with the help of comprehensive case studies. Internationally known retail companies are used as examples to facilitate an understanding of what is involved in strategic retail management and to present some best practices.

Question 1

Correct
Mark 1.00 out of 1.00
Flag question

Question text

Whose job is communicating both with customers and with manufacturers and wholesalers?

Select one:

Feedback

Question 2

Correct
Mark 1.00 out of 1.00
Flag question

Question text

Manufacturers and wholesalers are informed by their sales representative about sales forecasts, delivery delays, customer complaints, defective items, inventory turnover, and more.

Select one:
 

Question 3

Correct
Mark 1.00 out of 1.00
Flag question

Question text

Many goods and services have been modified because of retailer feedback.

Select one:
 

Question 4

Correct
Mark 1.00 out of 1.00
Flag question

Question text

For small suppliers, retailers can provide assistance by transporting, storing, marking, advertising, and pre-paying for products. Small retailers may need the same type of help from their suppliers

Select one:
 

Question 5

Correct
Mark 1.00 out of 1.00
Flag question

Question text

Who is  usually selling through retailers not owned by manufacturers?

Select one:

Feedback

Question 6

Correct
Mark 15.00 out of 15.00
Flag question

Question text

answer the following items with correct terms describe in each number.

includes all the elements in a retail offering that encourage or inhibit consumers during their contact with a retailer

 

the overall plan guiding a retail firm

 

The retailer determines the attributes and needs of its customers and endeavours to satisfy these needs to the fullest

 

The retailer sets goals and then uses its strategy to attain them.

 

The retailer offers good value to customers, whether it be upscale or discount.

 

the last stage in a channel of distribution

 

suppliers sell through a moderate number of retailers

 

the assortment from various sources, buy in large quantity, and sell in small amounts

 

first step in retail strategic planning

 

the contact between manufacturers, wholesalers, and the consumer

 

suppliers sell through as many retailers as possible

 

refers to the identifiable, but sometimes intangible, activities undertaken by a retailer in conjunction with the basic goods and services it sells.

 

The retailer integrates all plans and activities to maximize efficiency.

 

 the term for businesses and people involved in the physical movement and transfer of ownership of goods and services from producer to consumer.

 

Suppliers make agreements with one or a few retailers to be the only ones in specified geographic areas to carry certain brands or products

 

Feedback

Question 1

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What are enclosed, climate controlled and lighted shopping centers?

Select one:

Feedback

Question 2

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What are important support systems for location research and trading area analysis?

Select one:

Feedback

Question 3

Incorrect
Mark 0.00 out of 1.00
Flag question

Question text

_________ are used to forecast or survey and map such store trading areas?

Select one:

Feedback

Question 4

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What are these retail store that sites are developed deliberately and usually have some large, key retail brand stores (“anchor stores”) and a number of smaller retailers to add diversity and special interest?

Select one:

Feedback

Question 5

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What stores contain manufacturers’ and retailers’ outlet stores or off-price retailers?

Select one:

Feedback

Question 6

Correct
Mark 15.00 out of 15.00
Flag question

Question text

Match each item in the given answers.

These are retail locations that have been architecturally planned to provide a unified theme for a number of outlets.

 

locations along a street or motorway

 

These are models used to forecast store performance based on the simultaneous consideration of such factors as store size, store image, distance, population and distribution.

 

An analysis of grouping together a range of variables that can be used to predict site profitability

 

Basic types of shopping centers.

 

A retail store typically employ a unified theme carried by the retail outlets, their architectural design and their merchandise and can be anchored by restaurants or entertainment facilities.

 

These are retail locations with several outlets in close proximity to each other that have evolved over time.

 

A retail store comprise mainly upmarket clothing shops and boutiques carrying high quality and price fashion merchandise

 

An Analysis techniques aimed at grouping data cases or variables together for segmenting a portfolio of stores into similar groups

 

An analysis used to predict category membership.

 

key retail brand stores

 

This law establishes a point of indifference between two towns in order to determine the catchment area of each town.

 

The geographic area that contains the customers of a particular site or region for a company or a group of companies for specific goods or services.

 

Free-standing outlets that are isolated from other retailers

 

Feedback

Question 1

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What retailing activity whereby suppliers make agreements with one or a few retailers to be the only ones in specified geographic areas to carry certain brands or products?

Select one:

Feedback

Question 2

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What process is when Retailers collect an assortment from various sources, buy in large quantity, and sell in small amounts?

Select one:

Feedback

Question 3

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What retailing activity is when Suppliers have higher sales than in exclusive distribution, and retailers carry some competing brands?

Select one:

Feedback

Question 4

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What kind of unplanned shopping are is found in larger cities and main street or high street locations in smaller cities?

Select one:

Feedback

Question 5

Correct
Mark 1.00 out of 1.00
Flag question

Question text

_______ refers in whereby they seek to establish and maintain long-term bonds with customers, rather than act as if each sales transaction is a completely new encounter?

Select one:

Feedback

Question 6

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What is the retailing activity whereby a retailer sells to consumers through multiple retail formats?

Select one:

Feedback

Question 7

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What type of location relates to single, free-standing outlets that are isolated from other retailers?

Select one:

Feedback

Question 8

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What refers to the identifiable, but sometimes intangible, activities undertaken by a retailer in conjunction with the basic goods and services it sells?

Select one:

Feedback

Question 9

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What basic types of shopping centers consist of a purpose built cluster of free-standing retail outlets?
Select one:

Feedback

Question 10

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What are retail locations that have been architecturally planned to provide a unified theme for a number of outlets?

Select one:

Feedback

Question 11

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What includes all the elements in a retail offering that encourage or inhibit consumers during their contact with a retailer?

Select one:

Feedback

Question 12

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What retailing activity is whereby suppliers sell through as many retailers as possible?

Select one:

Feedback

Question 13

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What type of retail store can be positioned on roads or near other retailers or shopping centers?

Select one:

Feedback

Question 14

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What basic types of shopping centers consist of a purpose built cluster of free-standing retail outlets?
Select one:

Feedback

Question 15

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What retailling concept is when the retailer offers good value to customers, whether it be upscale or discount?

Select one:

Feedback

Question 16

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What kind of unplanned shopping area is found in traditional “downtown” areas in cities/towns?

Select one:

Feedback

Question 17

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What retailing concept is when the retailer integrates all plans and activities to maximize efficiency?

Select one:

Feedback

Question 18

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What is the marketing activity which all of the businesses and people involved in the physical movement and transfer of ownership of goods and services from producer to consumer?

Select one:

Feedback

Question 19

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What retailing concept is when the retailer offers good value to customers, whether it be upscale or discount?

Select one:

Feedback

Question 20

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What kind of unplanned shopping area is usually found along a street or motorway?

Select one:

Feedback

Question 21

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What retailing concept is when the retailer determines the attributes and needs of its customers and endeavours to satisfy these needs to the fullest?

Select one:

Feedback

Question 22

Correct
Mark 1.00 out of 1.00
Flag question

Question text

What retailing activity is whereby suppliers sell through a moderate number of retailers?

Select one: