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Questions and Answers
What does the term 'ultimate consumer' refer to in the context of retailing?
What does the term 'ultimate consumer' refer to in the context of retailing?
- The person or entity that uses or consumes something (correct)
- The retailer
- The advertising approach
- The distributor of the product
What is the most crucial feature of retailing according to the text?
What is the most crucial feature of retailing according to the text?
- Serving as a conduit of communication and transportation
- Supplying assortments and holding inventory
- Addressing the issue of distribution networks
- Selling goods or services to end users (correct)
What does the upstream process, in the context of retailing, provide an answer to?
What does the upstream process, in the context of retailing, provide an answer to?
- How to sell goods or services to end users
- Who are our suppliers (correct)
- How to advertise and hold inventory
- How to get products to the consumer
Which process provides a route for products and services to reach their target customers?
Which process provides a route for products and services to reach their target customers?
What are retailers responsible for, according to the text?
What are retailers responsible for, according to the text?
Which of the following best describes the purpose of minimum order requirements from a supplier's perspective?
Which of the following best describes the purpose of minimum order requirements from a supplier's perspective?
What is the main advantage of a retailer catering to a large number of orders?
What is the main advantage of a retailer catering to a large number of orders?
Why do wholesalers use minimum order amounts, despite not favoring this approach?
Why do wholesalers use minimum order amounts, despite not favoring this approach?
What does an assortment strategy in retailing refer to?
What does an assortment strategy in retailing refer to?
How does a large assortment of goods benefit retailers?
How does a large assortment of goods benefit retailers?
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