Historical Approach to Contemporary Retail Change Quiz

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Which theory is based on adaptive Darwinism?

Theory of natural selection in retailing

Model of structural change in retail systems

Accordion Theory

Theory of environmental determinism (correct)

Which approach does the text suggest for understanding contemporary retail change?

Adaptive Darwinism

Accordion Theory

Environmental determinism

Historical approach (correct)

What does Bucklin's model claim?

Retail changes are driven by natural selection

The level of retail specialization is a function of environmental economics (correct)

Retail changes are determined by environmental factors

Retail changes can be explained by normal and disruptive competition

Which theory explains retail changes using Schumpeter's two main types of competition?

Bliss's theory Signup and view all the answers

What is the most popular tool used to determine quality assurance, according to the text?

Shewhart Cycle Signup and view all the answers

What are the four steps of the Shewhart Cycle, as mentioned in the text?

Plan, Do, Check, Act Signup and view all the answers

What is the Retail Sales report and why is it important?

A report on consumer spending, important as an indicator of the US GDP. Signup and view all the answers

What is the core concept of Customer Service in a retail establishment?

Offering a combination of acts and elements to fulfill consumer needs and desires. Signup and view all the answers

Why are discount stores mentioned in the text?

To highlight the broad range of products they offer despite their name. Signup and view all the answers

What is one way that retailers are different from manufacturing companies?

Retailers focus more on consumer satisfaction than product quality. Signup and view all the answers

What is the significance of the Evolution of Retail Management mentioned in the text?

It emphasizes the increasing complexity and sophistication of managing retail businesses. Signup and view all the answers

Why have past studies focused on explanations for how retail organizations grow and succeed?

To examine changes in consumer preferences and shopping habits over time. Signup and view all the answers

According to the Accordion Theory, what does the contraction of the merchandise offering represent?

The narrowing of the assortment within each merchandise category Signup and view all the answers

Which of the following is a key element of the Three-Wheel Retailing theory proposed by Izraeli?

The conflict between conventional stores, low order innovators, and high order stores drives retail change Signup and view all the answers

What is the key argument of the Wheel of Retailing theory proposed by McNair?

Retailers always enter the market as low price, low service and low margin operators and eventually trade up Signup and view all the answers

What is the key contribution of the Historical Approach to studying retail change, as described in the text?

It attempts to develop a synthetic approach by using marketing models to explain retail change Signup and view all the answers

According to the Accordion Theory, what is the general pattern of retail change in merchandise offerings?

Retailers alternate between serving consumers predominantly with "general" shops and "specialty" shops Signup and view all the answers

What is the key insight of the Three-Wheel Retailing theory proposed by Izraeli?

Retail change is driven by the conflict between conventional stores, low order innovators, and high order stores Signup and view all the answers