Podcast
Questions and Answers
Retailers are not involved in adding value to products and services sold to consumers.
Retailers are not involved in adding value to products and services sold to consumers.
False (B)
Providing an assortment of products and services is not a value-creating activity undertaken by retailers.
Providing an assortment of products and services is not a value-creating activity undertaken by retailers.
False (B)
Breaking bulk is a process where retailers ship products in large quantities directly to customers.
Breaking bulk is a process where retailers ship products in large quantities directly to customers.
False (B)
Manufacturers specialize in producing a wide variety of products.
Manufacturers specialize in producing a wide variety of products.
Holding inventory is not an important activity for retailers.
Holding inventory is not an important activity for retailers.
Cost channel activities undertaken by channel members do not affect the cost of products and services.
Cost channel activities undertaken by channel members do not affect the cost of products and services.
Retailers buy and store merchandise in large quantities from consumers.
Retailers buy and store merchandise in large quantities from consumers.
Real Estate in the United States is relatively inexpensive, leading to retailers operating small stores in densely populated areas.
Real Estate in the United States is relatively inexpensive, leading to retailers operating small stores in densely populated areas.
Retailers play a critical role in the economies of develop countries but not in developing economies.
Retailers play a critical role in the economies of develop countries but not in developing economies.
Retailing entrepreneurs include Howard Schultz, founder of Amazon.
Retailing entrepreneurs include Howard Schultz, founder of Amazon.
Retailers employ people with expertise in Marketing Management and Financial Accounting.
Retailers employ people with expertise in Marketing Management and Financial Accounting.
Starting salary for a college graduate in the retail industry ranges between $35,000-$65,000.
Starting salary for a college graduate in the retail industry ranges between $35,000-$65,000.
