Retailing and Market Advantages Quiz
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is a primary function of retailers?

  • Transporting goods internationally
  • Buying from wholesalers and selling in smaller quantities (correct)
  • Producing goods in bulk
  • Manufacturing products for consumers
  • Street markets only sell foodstuff.

    False

    What is one advantage of markets?

    Low overhead expenses

    Small-scale retailers often use ______ shops to reach consumers in rural areas.

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

    Match the type of retailer with its characteristics:

    <p>Mobile shops = Limited range of goods and transport costs Street markets = Popular with tourists and hire of stall space Night markets = Variety of foodstuff and household goods Wet markets = Focus on fresh produce and seafood</p> Signup and view all the answers

    What is a key advantage of a farmers' market?

    <p>Fresh goods sold by producers</p> Signup and view all the answers

    Goods in a farmers' market are often sold at high prices compared to other markets.

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

    What is one disadvantage mentioned about goods sold in a market?

    <p>Goods can be unsellable.</p> Signup and view all the answers

    A disadvantage of a market is that goods may become ______ if they are not of good quality.

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

    Match the following advantages and disadvantages of a market:

    <p>Low prices = Advantage Fresh goods = Advantage Goods are unsellable = Disadvantage Higher costs of operation = Disadvantage</p> Signup and view all the answers

    More Like This

    Marketing Chapter 13 Retail Positioning
    32 questions
    Retail Banking Overview Quiz
    16 questions
    Use Quizgecko on...
    Browser
    Browser