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Characteristics of Retailing in Emerging Markets

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Characteristics of Retailing in Emerging Markets

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Questions and Answers

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?

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?

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?

Distribution networks Signup and view all the answers

What are retailers responsible for, according to the text?

Rendering services and bearing risk Signup and view all the answers

Which of the following best describes the purpose of minimum order requirements from a supplier's perspective?

To increase free cash flow and sell inventory more quickly Signup and view all the answers

What is the main advantage of a retailer catering to a large number of orders?

Generation of employment and bridging the producer-consumer gap Signup and view all the answers

Why do wholesalers use minimum order amounts, despite not favoring this approach?

To maintain a profit while boosting free cash flow Signup and view all the answers

What does an assortment strategy in retailing refer to?

The variety of goods available for consumer purchase Signup and view all the answers

How does a large assortment of goods benefit retailers?

By controlling and boosting sales Signup and view all the answers