Retail Assessment Test - 07

Discount stores are those stores that offer their products at a lower rate than the maximum retail price. These stores provide discounts on their products, making them more affordable for customers. They are known for offering a wide range of products at discounted prices, attracting customers who are looking for good deals and bargains. These stores are popular for their affordability and ability to provide products at a lesser rate than other retail stores.

A scanner is an electronic system that recognizes and reads product barcodes. It is designed to capture the information encoded in the barcode and transmit it to a computer or other device for further processing. Scanners are commonly used in retail environments to quickly and accurately identify products at the point of sale. They are also used in various other industries for inventory management, asset tracking, and document scanning.

MRP stands for Maximum Retail Price. It refers to the highest price at which a product can be sold to the end consumer. It is the price that is printed on the product packaging and includes all taxes and charges. The MRP ensures that consumers are aware of the maximum price they may have to pay for a product and prevents retailers from charging exorbitant prices. It is a legal requirement in many countries to display the MRP on products.

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A retailing activity takes place in a store. This is where products are displayed and sold to customers. A store is a physical location where customers can visit and make purchases. It is a key component of the retail industry, as it provides a space for businesses to showcase their products and interact with consumers.

Marketing research is an essential first step in the process of attracting customers to purchase products and services. It involves gathering and analyzing information about the target market, customer preferences, and competitors. By conducting marketing research, businesses can gain insights into consumer needs and preferences, identify market trends, and develop effective marketing strategies. This helps them understand their target audience better and tailor their products and services to meet their needs, ultimately increasing the chances of attracting and retaining customers.

Department stores are those stores where customers are offered with mid-to-high quality products. These stores typically have a wide range of products across various departments such as clothing, accessories, home goods, and electronics. They provide a one-stop shopping experience for customers looking for a variety of products under one roof. Department stores are known for their higher quality products and often cater to a more affluent customer base.

POS stands for Point of Sale. It refers to the location or device where a transaction takes place between a merchant and a customer. It is commonly used in retail settings, where customers make payments for goods or services. The other options listed, such as Payment of Sale, Power of Sale, and Price of Sale, do not accurately represent the meaning of POS.

The correct answer is "Kleptomaniac". A kleptomaniac is someone who has a compulsive urge to steal, even if they do not need or want the items they steal. In this case, Cunty is described as someone who impulsively shoplifts, indicating that they have a strong urge to steal, but they do not make a living out of it, suggesting that they do not steal for financial gain. Therefore, "Kleptomaniac" is the most fitting description for Cunty.

The primary task of a Trainee associate is to make sales. This means that their main responsibility is to sell products or services to customers. They may be required to approach customers, explain the features and benefits of the products, and persuade them to make a purchase. By making sales, trainee associates contribute to the overall revenue and success of the company.

CRISIL is a well-known credit rating agency in India. It evaluates the creditworthiness of various entities such as companies, banks, and financial institutions. It provides ratings based on various factors such as financial performance, industry analysis, and management quality. Its ratings are widely used by investors, lenders, and other stakeholders to make informed decisions regarding credit risk. CRISIL's presence and reputation in the Indian credit evaluation market make it the correct answer to the question.

Based on the information provided, Jack is the manager of a private limited company and he is looking for a traveling bag. As a store employee, it would be appropriate to show him the luggage bags of the expensive range. This is because Jack holds a managerial position and may have the financial means to afford higher-end products. Additionally, showing him expensive range bags demonstrates that the store values its customers and provides a variety of options to cater to different preferences and budgets.

The correct answer suggests that the customer is receiving a signal or indication to purchase the product. This implies that the customer is likely interested in buying the product based on some form of communication or stimulus.

When performing tasks, it is important to take the load close to the body. This helps to maintain balance and stability while carrying the load, reducing the strain on the body. By keeping the load close to the body, the center of gravity remains aligned, making it easier to control and maneuver the load. This also minimizes the risk of injury and allows for better control over the load's movement.

Retail is defined as the process of selling products directly to the end customer. It involves the sale of goods or merchandise from a business to an individual consumer for their personal use. Retailers typically operate in physical stores, online platforms, or a combination of both, and they offer a wide range of products to meet the diverse needs and preferences of customers. By selling products directly to the end customer, retailers play a crucial role in the distribution chain and provide convenience and accessibility to consumers.