RMG 200 Midterm Exam Questions &
Answers (Grade A+)
What is retail? -
correct answer ✅a set of business activities that add value to the
products and services sold to consumers to satisfy their needs
What are the top retail industries in Canada? -
correct answer ✅1)Automotive
2)Food and Beverage
Who are the top 3 Canadian Retailers? -
correct answer ✅1)Weston group (Loblaws)
2)Walmart
3)Costco
What are the key strategic decision areas? -
correct answer ✅1) Market Strategy
2) financial strategy
3) Location Strategy
4) Organizational Structure
5) Human Resource Strategy
6) Information Systems and Supply Chain Strategy
7) Customer Relationship strategies
, RMG 200 Midterm Exam Questions &
Answers (Grade A+)
What is Value? -
correct answer ✅Value = benefits - costs
What is a Distribution Channel? -
correct answer ✅is a set of firms that facilitate the movement of
products from the point of production to the point of sale to the
ultimate consumer
What are the steps of forward integration? -
correct answer ✅1) Distribution
2) retail
3) After Sales Service
What are the steps of backward integration? -
correct answer ✅1) Distribution
2) Manufacturing
3) Raw Material
How do retailers add value? -
correct answer ✅- Task Specialization
Answers (Grade A+)
What is retail? -
correct answer ✅a set of business activities that add value to the
products and services sold to consumers to satisfy their needs
What are the top retail industries in Canada? -
correct answer ✅1)Automotive
2)Food and Beverage
Who are the top 3 Canadian Retailers? -
correct answer ✅1)Weston group (Loblaws)
2)Walmart
3)Costco
What are the key strategic decision areas? -
correct answer ✅1) Market Strategy
2) financial strategy
3) Location Strategy
4) Organizational Structure
5) Human Resource Strategy
6) Information Systems and Supply Chain Strategy
7) Customer Relationship strategies
, RMG 200 Midterm Exam Questions &
Answers (Grade A+)
What is Value? -
correct answer ✅Value = benefits - costs
What is a Distribution Channel? -
correct answer ✅is a set of firms that facilitate the movement of
products from the point of production to the point of sale to the
ultimate consumer
What are the steps of forward integration? -
correct answer ✅1) Distribution
2) retail
3) After Sales Service
What are the steps of backward integration? -
correct answer ✅1) Distribution
2) Manufacturing
3) Raw Material
How do retailers add value? -
correct answer ✅- Task Specialization
