Retailing and Retailers in Supply Chain
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Retailing and Retailers in Supply Chain

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Questions and Answers

Retailers are not involved in adding value to products and services sold to consumers.

False

Providing an assortment of products and services is not a value-creating activity undertaken by retailers.

False

Breaking bulk is a process where retailers ship products in large quantities directly to customers.

False

Manufacturers specialize in producing a wide variety of products.

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

Holding inventory is not an important activity for retailers.

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

Cost channel activities undertaken by channel members do not affect the cost of products and services.

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

Retailers buy and store merchandise in large quantities from consumers.

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

Real Estate in the United States is relatively inexpensive, leading to retailers operating small stores in densely populated areas.

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

Retailers play a critical role in the economies of develop countries but not in developing economies.

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

Retailing entrepreneurs include Howard Schultz, founder of Amazon.

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

Retailers employ people with expertise in Marketing Management and Financial Accounting.

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

Starting salary for a college graduate in the retail industry ranges between $35,000-$65,000.

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

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