Retailing Fundamentals Quiz
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Questions and Answers

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?

  • 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  • Having outdated products in stock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?

  • 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?

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