CTE 3806 QUESTIONS WITH VERIFIED ANSWERS |
LASTEST UPDATE
Which of the following is a drawback of selling private-label merchandise?
a. National brands are far superior to private-label brands
b. National brands are produced with better quality
c. Significant investment is needed to develop, manage and market private-label brands
d. Designing private-label merchandise is only possible for department store retailers -
Answers - C
Electronic data interchange (EDI) is a set of activities and techniques firms employ to
efficiently and effectively manage the flow of merchandise from the vendors to the
retailer's customers.
T/F - Answers - F
The availability of national brands can affect a customer's image of the retailer.
T/F - Answers - T
The quantity of merchandise has a bigger impact on profitability than allocation
decisions.
T/F - Answers - F
Frequent-shopper programs are expensive to implement and manage
T/F - Answers - T
Decentralization increases efficiency.
T/F - Answers - F
Centralization makes it easy for a retailer to adapt to local market conditions.
T/F - Answers - F
___ target a price-sensitive segment by offering a no-frills product at a discount price.
a. Generic brands
b. Store brands
c. National brands
d. Family brands - Answers - A
As a vendor, Melissa works well with a buyer she's known for years at Dream Toys.
This year, Melissa's line of toys had a few products that sold poorly, and it is now time to
show the Dream Toys' buyer the next holiday season's product line. Melissa knows the
Dream Toys' buyer will be a hard negotiator. What should Melissa be prepared to do?
, a. Provide markdown money
b. Suggest pulling out of Dream Toys for a season to strategize and reinvent
c. Suggest selling the toys for another season giving consumers time to acclimate to the
products
d. Advise that Dream Toys can sell the products at lower prices, but maintain the
original
prices at other retailers - Answers - A
Retailers proactively engage in enforcing the labor practices of their suppliers because
a. they want to maintain their reputations of providing quality merchandise
b. they want to build strategic partnerships with the developing countries
c. they want to work toward collaborative merchandising
d. they want to ensure a safe and healthy work environment for laborers - Answers - D
Which of the following is NOT true of fashion merchandise categories?
a. Forecasting the sales for fashion merchandise categories is more challenging than
forecasting for staple goods.
b. Buyers for fashion merchandise categories have a high degree of flexibility in
correcting forecasting errors.
c. They have a short life cycle.
d. New products are continuously being introduced. - Answers - B
Ali supervises the conveyor belts in a distribution center. Her job is to make sure the
merchandise moves quickly from the receiving docks to the staging area in order for the
trucks to load and deliver. No merchandise is stored as the vendors already prepared it
specifically for the stores. Ali handles _____ at the distribution center.
a. ticketing
b. cross-docking
c. cataloging
d. marking - Answers - B
Which of the following is NOT a benefit of efficient supply chain management?
a. Increase in product availability
b. Increase in inventory turnover
c. Better fashions
d. Sustainable competitive advantage - Answers - C
Managing diversity means:
a. Simple obeying all equal employment opportunity laws
b. Using the same approach to deal with each employee
c. Trying to get someone to think and act alike to avoid problems
d. Accepting and valuing how employees differ from each other - Answers - D
The Home Depot employees are supporters of Habitat for Humanity. Many associates
go to the building sites on weekends; they voluntarily share their knowledge, expertise,
LASTEST UPDATE
Which of the following is a drawback of selling private-label merchandise?
a. National brands are far superior to private-label brands
b. National brands are produced with better quality
c. Significant investment is needed to develop, manage and market private-label brands
d. Designing private-label merchandise is only possible for department store retailers -
Answers - C
Electronic data interchange (EDI) is a set of activities and techniques firms employ to
efficiently and effectively manage the flow of merchandise from the vendors to the
retailer's customers.
T/F - Answers - F
The availability of national brands can affect a customer's image of the retailer.
T/F - Answers - T
The quantity of merchandise has a bigger impact on profitability than allocation
decisions.
T/F - Answers - F
Frequent-shopper programs are expensive to implement and manage
T/F - Answers - T
Decentralization increases efficiency.
T/F - Answers - F
Centralization makes it easy for a retailer to adapt to local market conditions.
T/F - Answers - F
___ target a price-sensitive segment by offering a no-frills product at a discount price.
a. Generic brands
b. Store brands
c. National brands
d. Family brands - Answers - A
As a vendor, Melissa works well with a buyer she's known for years at Dream Toys.
This year, Melissa's line of toys had a few products that sold poorly, and it is now time to
show the Dream Toys' buyer the next holiday season's product line. Melissa knows the
Dream Toys' buyer will be a hard negotiator. What should Melissa be prepared to do?
, a. Provide markdown money
b. Suggest pulling out of Dream Toys for a season to strategize and reinvent
c. Suggest selling the toys for another season giving consumers time to acclimate to the
products
d. Advise that Dream Toys can sell the products at lower prices, but maintain the
original
prices at other retailers - Answers - A
Retailers proactively engage in enforcing the labor practices of their suppliers because
a. they want to maintain their reputations of providing quality merchandise
b. they want to build strategic partnerships with the developing countries
c. they want to work toward collaborative merchandising
d. they want to ensure a safe and healthy work environment for laborers - Answers - D
Which of the following is NOT true of fashion merchandise categories?
a. Forecasting the sales for fashion merchandise categories is more challenging than
forecasting for staple goods.
b. Buyers for fashion merchandise categories have a high degree of flexibility in
correcting forecasting errors.
c. They have a short life cycle.
d. New products are continuously being introduced. - Answers - B
Ali supervises the conveyor belts in a distribution center. Her job is to make sure the
merchandise moves quickly from the receiving docks to the staging area in order for the
trucks to load and deliver. No merchandise is stored as the vendors already prepared it
specifically for the stores. Ali handles _____ at the distribution center.
a. ticketing
b. cross-docking
c. cataloging
d. marking - Answers - B
Which of the following is NOT a benefit of efficient supply chain management?
a. Increase in product availability
b. Increase in inventory turnover
c. Better fashions
d. Sustainable competitive advantage - Answers - C
Managing diversity means:
a. Simple obeying all equal employment opportunity laws
b. Using the same approach to deal with each employee
c. Trying to get someone to think and act alike to avoid problems
d. Accepting and valuing how employees differ from each other - Answers - D
The Home Depot employees are supporters of Habitat for Humanity. Many associates
go to the building sites on weekends; they voluntarily share their knowledge, expertise,
