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Retail Definition and Features Quiz
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Retail Definition and Features Quiz

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@HumorousNebula

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Questions and Answers

Retailer is the link between the ______ and consumers.

wholesaler

Retailers deal in wide variety of goods in small ______.

quantity

Retailers help to quickly distribute ______.

goods

Cash sales are a feature of which type of retail store?

<p>departmental</p> Signup and view all the answers

Sometimes retailers handle ______ on their own.

<p>transportation</p> Signup and view all the answers

Retailers conduct ______ function if wholesalers are unable to do so.

<p>marketing</p> Signup and view all the answers

The Letter of Credit is the safest method of payment in.................trade.

<p>international</p> Signup and view all the answers

Which feature of a supermarket shop involves limited range of goods?

<p>self service</p> Signup and view all the answers

Wholesaler deals in (small / ______) quantity.

<p>large</p> Signup and view all the answers

Retailer undertakes less ______ than wholesaler.

<p>risk</p> Signup and view all the answers

What type of stores focus on having a wide variety of goods and uniform prices?

<p>chain stores</p> Signup and view all the answers

Attractive packing is a characteristic associated with which aspect of retail?

<p>impulsive buying</p> Signup and view all the answers

Departmental store is a (______ / small) scale retail shop.

<p>large</p> Signup and view all the answers

Retail management involves which of the following: huge capital, ______, or cash sales?

<p>centralized management</p> Signup and view all the answers

Supermarket shop requires (limited / ______s) capital.

<p>large</p> Signup and view all the answers

Chain stores are retail store owned by (many / ______) organization.

<p>single</p> Signup and view all the answers

Which type of retail store focuses on having low and uniform prices?

<p>one price shop</p> Signup and view all the answers

The shop where the prices of all the products or goods are (different / ______) is known as one price shop.

<p>same</p> Signup and view all the answers

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