RETAILING MANAGEMENT COMPREHENSIVE TEST PAPER QUESTIONS AND SOLUTIONS GRADED APLUS

RETAILING MANAGEMENT
COMPREHENSIVE TEST PAPER QUESTIONS
AND SOLUTIONS GRADED APLUS

●● According to the U.S. Department of Commerce, annual retail store
sales are approximately
Answer: $5 trillion


●● Retail store sales represent approximately _____ percent of the total
U.S. economy.
Answer: 33


●● Approximately how many of the world's top 250 retailers are based
in the United States?
Answer: 85


●● Most of the top 250 retailers in the world are located in which
country?
Answer: United States


●● Approximately how many people are employed by traditional U.S.
retailers?
Answer: 25 million

, ●● In 2010, the after-tax profit of the 10 largest U.S. retailers averaged
about what percentage of sales?
Answer: 3.5


●● Which statement concerning a retailer's function in distribution is not
correct?
Answer: Retailers collect assortments of goods and services for sale to
institutional markets.


●● The sorting process refers to
Answer: a retailer's collecting an assortment of goods from various
sources, buying in large quantities, and selling in small amounts.


●● Channel relations are usually smoothest when what type of
distribution is involved?
Answer: Exclusive


●● Which channel arrangement usually maximizes suppliers' sales?
Answer: Intensive distribution


●● Which distribution method combines aspects of exclusive and
intensive distribution?
Answer: Selective distribution