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This set of Retail Management Multiple Choice Questions & Answers (MCQs) focuses on Retail Management Set 5

Q1 | Which of the following items is required to develop a better financial plan?
  • identify your target market.
  • consider employee lay-offs.
  • prioritize your needs.
  • research other companies.
Q2 | Which of the following is an example of an external threat?
  • decreased competition.
  • new trade regulations.
  • global sales potential.
  • economies of scale.
Q3 | Which of the following is an example of an internal strength?
  • obsolete resources.
  • changing tax structure.
  • proven management.
  • increased competition
Q4 | Which objective gives importance to productivity, technological leadership,employee relations, etc?
  • long-term objective.
  • short-term objective.
  • medium term objective.
  • annual objective.
Q5 | What bridges the gap between strategy formulation and implementation?
  • strategic planning.
  • strategic management.
  • decision-making.
  • organizing.
Q6 | What describes the market, product and technological area of a business?
  • company\s vision.
  • company\s mission.
  • bumper-sticker strategy.
  • strategic plan.
Q7 | How can a firm optimize its environmental opportunities?
  • by assessing its market share .
  • by assessing the competitiveness in the industry.
  • by assessing the effectiveness of its sales distribution.
  • by assessing its competitors position in the market.
Q8 | Which of the following helps a manager identify the opportunities and threats inthe competitive industrial environment?
  • analyzing the competitive forces.
  • market research.
  • market analysis.
  • sales analysis.
Q9 | Which one of the following represents the best long-run opportunity in a firm'sportfolio?
  • cash cow.
  • star.
  • question mark.
  • dog.
Q10 | In which of the following pricing approaches is pricing based on consumerdemand?
  • functional approach.
  • business approach.
  • market approach.
  • innovative approach.
Q11 | A/an ---- helps people understand the behavior patterns that are expected of themin particular circumstances
  • advisory policy.
  • explicit policy.
  • mandatory policy.
  • implicit policy.
Q12 | Agricultural market set up by stae government to procure agricultural producedirectly from farmers
  • haats
  • mandis
  • kirana
  • public distribution system
Q13 | Consumer do their own picking, pay in cash and carry the merchandise away A.
  • tomated vending
  • super market
  • the cash and carry
  • direct response retail
Q14 | What are the major determinants of employee motivation?
  • reward and coercive power.
  • new technologies.
  • personal power and future growth prospects.
  • information and connection power.
Q15 | At what stage is the threat from competitors at its peak in an industry?
  • growth stage.
  • embryonic stage.
  • mature stage.
  • shakeout stage
Q16 | ---- forms the basis for the allocation of corporate resources.
  • financial evaluation.
  • organizational growth.
  • organizational structure.
  • organizational culture.
Q17 | ---- is often critical for the proper accomplishment of a divestiture and can providecomfort to the employee as well as to potential buyers.
  • a flexible management.
  • a stable management.
  • an active management
  • none of the above.
Q18 | Identifying the customers is the ,............... step of retail business
  • second
  • third
  • first
  • last
Q19 | ......Is very important for retail store
  • product
  • site
  • transportation
  • machine
Q20 | The best grocery store must be target ing.......
  • high income group
  • low income group
  • all income group s
  • medium income group
Q21 | interior and ....is very important for retail store
  • product
  • site
  • transportation
  • hygiene
Q22 | A proper layout of a store increases.........
  • product
  • efficiency
  • transportation
  • machine
Q23 | Best service of a retail store create a
  • image
  • task
  • workforce
  • machine
Q24 | Maintaining standard of a Store can attract..........
  • customers
  • sellers
  • mediators
  • none of these
Q25 | every store target different.......
  • price
  • segment
  • promotion
  • brand