Retail management Study guides, Class notes & Summaries

Retail Management In-class activity question and answer

Retail Management question and answer

Retail Management In-class activity question and answer

________ 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. Consumer direct fulfillment Supply chain management Reverse logistics Backhaul Vendor-managed inventory - Supply chain management A ________ occurs when an SKU that a customer wants is not available. rain check backhaul reorder point stockout ship verification - stockout Overall, effective supply chain managem...

Which statement concerning retailing is correct? - It is the last stage in the distribution process All the people and businesses involved in the physical movement and transfer of ownership of goods and service from the producer to consumer constitute ___ - A channel of distribution The largest company in the world based on sales is ____ - Walmart A retailer sells to multiple retail formats (bricks-n-mortar, clicks-n-mortar, smartphone apps, mail, order, etc.) and multiple points of con...

Which of the following is a characteristic of debtor-creditor relationships: A. Designed to monitor accounts B. Controlled by industry standards C. Intended to increase competition D. Regulated by various laws - D. Regulated by various laws There are several laws that regulate the use of credit. These laws are intended to guarantee that credit is managed fairly. The laws tend to improve the debtor-creditor relationship because there are rules in place that apply to both parties. De...

Meaning of Retailing : Retailing encompasses those business activities involved with the sale of goods and services to the final consumer for personal, family, or household use. Retailing is the final stage in a channel of distribution. Retailing functions are performed by any firm selling merchandise or providing services to the final consumer. According to Philip Kotler : “Retailing includes al the activities involved in selling goods or services to the final customers for person...

Which of the following is a characteristic of debtor-creditor relationships: A. Designed to monitor accounts B. Controlled by industry standards C. Intended to increase competition D. Regulated by various laws D. Regulated by various laws There are several laws that regulate the use of credit. These laws are intended to guarantee that credit is managed fairly. The laws tend to improve the debtor-creditor relationship because there are rules in place that apply to both parties. Deb...

manage the flow of merchandise from the vendors to the retailer's customers. Consumer direct fulfillment Supply chain management Reverse logistics Backhaul Vendor-managed inventorySupply chain management A ________ occurs when an SKU that a customer wants is not available. rain check backhaul reorder point stockout ship verificationstockou

Which statement concerning retailing is correct? It is the last stage in the distribution process All the people and businesses involved in the physical movement and transfer of ownership of goods and service from the producer to consumer constitute ___ A channel of distribution The largest company in the world based on sales is ____ Walmart A retailer sells to multiple retail formats (bricks-n-mortar, clicks-n-mortar, smartphone apps, mail, order, etc.) and multiple points of contact...