RETAILING MANAGEMENT FINAL PAPER FULL QUESTIONS AND CORRECT ANSWERS ALREADY PASSED

RETAILING MANAGEMENT FINAL PAPER
FULL QUESTIONS AND CORRECT ANSWERS
ALREADY PASSED

●● Concerning the "supply chain," which of the following statements is
true?
Answer: Profits sufficient for survival and growth will be difficult for a
retailer to achieve without being part of an efficient, effective supply
chain.


●● The supply chain, or channel, is affected by five external forces:
consumer behavior, the legal and ethical environment, the
socioeconomic environment, the technological environment, and:
Answer: competitive behavior.


●● Which of the following external forces does NOT have a major
influence on the supply chain?
Answer: Employee morale


●● The eight marketing functions are buying, selling, storing,
transporting, information gathering, financing, risk taking, and:
Answer: sorting.

, ●● Each of the following is a marketing function that retailers perform
EXCEPT:
Answer: pricing.


●● _____ involves breaking down heterogeneous materials or product
into more homogenous groups.
Answer: Sorting


●● Marketing institutions are classified into two categories:
Answer: those that take title to the goods and those that do not.


●● The major difference between primary marketing institutions and
facilitating marketing institutions is that facilitating members:
Answer: do not take title to the goods.


●● There are three types of primary marketing institutions:
manufacturers, retailers and:
Answer: wholesalers.


●● Which one of the following institutions involved in a supply chain
would take title to the goods it is dealing with?
Answer: Retailer