Podcast
Questions and Answers
What is the primary role of retailers in a supply chain?
What is the primary role of retailers in a supply chain?
- Manufacturing products
- Linking manufacturers to consumers (correct)
- Storing goods for manufacturers
- Providing raw materials
How do retailers add value through assortments?
How do retailers add value through assortments?
- By offering a wide selection of products to customers (correct)
- By reducing transportation costs
- By producing diverse products
- By storing products in large quantities
What is a significant value-providing activity performed by retailers?
What is a significant value-providing activity performed by retailers?
- Promoting products aggressively
- Selling products at high prices
- Holding inventory for product availability (correct)
- Producing goods themselves
What differentiates wholesalers from retailers in the supply chain?
What differentiates wholesalers from retailers in the supply chain?
How does consumer spending at retailers impact a country's economy?
How does consumer spending at retailers impact a country's economy?
What is a key service provided by retailers to make it easier for customers to buy and use products?
What is a key service provided by retailers to make it easier for customers to buy and use products?
What is the main reason that a slowdown in consumer buying can have a negative impact on the economy?
What is the main reason that a slowdown in consumer buying can have a negative impact on the economy?
What does Corporate Social Responsibility (CSR) involve?
What does Corporate Social Responsibility (CSR) involve?
Why is serving the Bottom of the Pyramid (BoP) consumers considered socially beneficial?
Why is serving the Bottom of the Pyramid (BoP) consumers considered socially beneficial?
What does LEADERSHIP IN ENVIRONMENTAL DESIGN (LEED) certification focus on when assessing a retail store?
What does LEADERSHIP IN ENVIRONMENTAL DESIGN (LEED) certification focus on when assessing a retail store?
How has the evolution of the retail industry impacted small, independent retailers?
How has the evolution of the retail industry impacted small, independent retailers?
Why is consumer demand considered crucial in a developed economy?
Why is consumer demand considered crucial in a developed economy?
What type of company is Grupo Elektra known as?
What type of company is Grupo Elektra known as?
Which of the following is NOT mentioned as one of the retail firms dominating the industry?
Which of the following is NOT mentioned as one of the retail firms dominating the industry?
In which region is Grupo Elektra located and successful?
In which region is Grupo Elektra located and successful?
What was one of the forces facilitating the growth of large retail firms according to the text?
What was one of the forces facilitating the growth of large retail firms according to the text?
How many retailers are there approximately in the United States according to the text?
How many retailers are there approximately in the United States according to the text?
What was a significant change in the structure of the retail industry over the past 50 years?
What was a significant change in the structure of the retail industry over the past 50 years?
Flashcards are hidden until you start studying
