Retail Management Set 5
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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