Retail Management - Qp3

8 Questions | Total Attempts: 27

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Retail Management Quizzes & Trivia

Questions and Answers
  • 1. 
    Population trends changed during the last ten years.
    • A. 

      True

    • B. 

      False

  • 2. 
    Well-equipped ______ also have become somewhat of a status symbol.
    • A. 

      Babies

    • B. 

      Children

    • C. 

      Teenagers

  • 3. 
    The business cycle refers to four specific stages: Prosperity, Recession, Depression, and Recovery.
    • A. 

      True

    • B. 

      False

  • 4. 
    During a depression there is usually a lack of confidence in the economic system and people start returning to basic buying only.
    • A. 

      True

    • B. 

      False

  • 5. 
    The family size has increased by the increased life expectancy, and now three generations can live under the same roof.
    • A. 

      True

    • B. 

      False

  • 6. 
    Retailers are using the following approaches to assist customers and seek out market share:  (Select four)
    • A. 

      Shops are better organized and shopping is made quicker.

    • B. 

      Transaction time is the same

    • C. 

      Drive through retailing is improving, especially in banking and fast food.

    • D. 

      Mail order and internet ordering is improving.

    • E. 

      Fairer pricing structures are available in most cases.

  • 7. 
    There is a change to both ozone friendly and organic shopping. These are usually referred to as ORGANIC PRODUCTS.
    • A. 

      True

    • B. 

      False