Podcast
Questions and Answers
What is the main role of retailers in a supply chain?
What is the main role of retailers in a supply chain?
- Linking manufacturers to consumers (correct)
- Manufacturing products
- Exporting goods globally
- Providing raw materials to wholesalers
How do retailers create value through breaking bulks?
How do retailers create value through breaking bulks?
- By reducing product variety
- By standardizing product sizes
- By reducing transportation costs (correct)
- By increasing shipping times
What is a major value-providing activity performed by retailers?
What is a major value-providing activity performed by retailers?
- Exporting goods
- Providing raw materials
- Manufacturing products
- Holding inventory (correct)
How do wholesalers differ from retailers in the supply chain?
How do wholesalers differ from retailers in the supply chain?
Why does a country's economy flourish when consumers spend more money buying goods and services from retailers?
Why does a country's economy flourish when consumers spend more money buying goods and services from retailers?
What type of products do manufacturers typically specialize in?
What type of products do manufacturers typically specialize in?
What is the role of the retail sector in developed economies?
What is the role of the retail sector in developed economies?
What does Corporate Social Responsibility (CSR) involve?
What does Corporate Social Responsibility (CSR) involve?
What benefits are associated with serving Bottom of the Pyramid (BoP) consumers?
What benefits are associated with serving Bottom of the Pyramid (BoP) consumers?
What is the focus of LEADERSHIP IN ENVIRONMENTAL DESIGN (LEED) certification?
What is the focus of LEADERSHIP IN ENVIRONMENTAL DESIGN (LEED) certification?
How did the retail industry evolve from the consumers' perspective?
How did the retail industry evolve from the consumers' perspective?
Why do consumers play a crucial role in the economy of developed countries?
Why do consumers play a crucial role in the economy of developed countries?
What does a retailer's microenvironment primarily focus on?
What does a retailer's microenvironment primarily focus on?
In the retail management decision process, what are the key strategic decisions a retailer makes?
In the retail management decision process, what are the key strategic decisions a retailer makes?
Which factor is part of the macro-environment in the world of retailing?
Which factor is part of the macro-environment in the world of retailing?
What does a retail strategy typically identify?
What does a retail strategy typically identify?
Which stage in the retail management decision process is based on an understanding of both macro and microenvironments?
Which stage in the retail management decision process is based on an understanding of both macro and microenvironments?
What helps a retailer achieve long-term advantage over competitors according to the text?
What helps a retailer achieve long-term advantage over competitors according to the text?
Flashcards are hidden until you start studying
