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Questions and Answers
Which of the following is NOT one of the major segments in the retail industry?
Which of the following is NOT one of the major segments in the retail industry?
- Department Stores
- Online retailing
- Local merchants (correct)
- Supermarket
What is the main challenge in retailing related to inventory?
What is the main challenge in retailing related to inventory?
- Having too many products in stock
- Having too few products in stock (correct)
- Having outdated products in stock
- Having expensive products in stock
What is the purpose of a distribution center in the retail industry?
What is the purpose of a distribution center in the retail industry?
- To store finished products before distribution (correct)
- To sell products directly to consumers
- To provide raw materials to suppliers
- To evaluate alternative products
What is the term used to describe the system of organization, people, activities, information, and resources in the retail industry?
What is the term used to describe the system of organization, people, activities, information, and resources in the retail industry?
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