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Traditional and Modern Retail Business Formats

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Traditional and Modern Retail Business Formats

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Questions and Answers

What is the primary role of a salesperson in traditional retail?

To deliver products to the store
To execute promotions
To count inventory and suggest an order to the store owner (correct)
To design shopping malls

What is the primary difference between traditional and modern retail in terms of order acquisition?

The method of order suggestion (correct)
The role of the salesperson
The type of products sold
The frequency of promotions

What is the characteristic of delivery slots or windows in traditional retail?

They are fixed by the manufacturer (correct)
They are flexible and variable
They are fixed by the store owner
They are not applicable

What is the primary difference between traditional and modern retail in terms of promotions?

The leadership of promotions (A) Signup and view all the answers

What is the definition of retail?

The process of selling consumer goods and services to customers through multiple channels of distribution to earn profit (B) Signup and view all the answers

Where would any stickering or customization of a product need to be done?

By the manufacturer or LSP (C) Signup and view all the answers

Why would a new product launch be more complicated in Modern Retail?

Because it needs to be informed to the Modern Retail months in advance (D) Signup and view all the answers

What is typically used to measure manufacturers in Traditional channels?

A general approach (A) Signup and view all the answers

What type of store provides all kinds of goods under one roof?

Mall (B) Signup and view all the answers

What type of store is a self-service wholesale store for groceries?

Cash and Carry store (C) Signup and view all the answers