18 Questions
What is the primary role of retailers in a supply chain?
Linking manufacturers to consumers
How do retailers add value through assortments?
By offering a wide selection of products to customers
What is a significant value-providing activity performed by retailers?
Holding inventory for product availability
What differentiates wholesalers from retailers in the supply chain?
Retailers resell merchandise to other retailers
How does consumer spending at retailers impact a country's economy?
It leads to economic growth
What is a key service provided by retailers to make it easier for customers to buy and use products?
Providing customer assistance
What is the main reason that a slowdown in consumer buying can have a negative impact on the economy?
Reduced job opportunities
What does Corporate Social Responsibility (CSR) involve?
Engaging in business practices that exceed legal expectations
Why is serving the Bottom of the Pyramid (BoP) consumers considered socially beneficial?
It helps reduce worldwide poverty
What does LEADERSHIP IN ENVIRONMENTAL DESIGN (LEED) certification focus on when assessing a retail store?
Impact on environmental and human health
How has the evolution of the retail industry impacted small, independent retailers?
Challenged them to compete with other local businesses
Why is consumer demand considered crucial in a developed economy?
It serves as an indicator of a healthy financial system
What type of company is Grupo Elektra known as?
Banking, electronic, and clothing company
Which of the following is NOT mentioned as one of the retail firms dominating the industry?
Walma Home
In which region is Grupo Elektra located and successful?
Central and South America
What was one of the forces facilitating the growth of large retail firms according to the text?
The development of information systems
How many retailers are there approximately in the United States according to the text?
More than 1 million
What was a significant change in the structure of the retail industry over the past 50 years?
Development of large, national, and international retail firms
Learn about the competitive landscape, growth factors, and statistics of the retail industry, including the dominance of large national and international retail firms.
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