10 Questions
What is the primary role of a salesperson in traditional retail?
To count inventory and suggest an order to the store owner
What is the primary difference between traditional and modern retail in terms of order acquisition?
The method of order suggestion
What is the characteristic of delivery slots or windows in traditional retail?
They are fixed by the manufacturer
What is the primary difference between traditional and modern retail in terms of promotions?
The leadership of promotions
What is the definition of retail?
The process of selling consumer goods and services to customers through multiple channels of distribution to earn profit
Where would any stickering or customization of a product need to be done?
By the manufacturer or LSP
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
What is typically used to measure manufacturers in Traditional channels?
A general approach
What type of store provides all kinds of goods under one roof?
Mall
What type of store is a self-service wholesale store for groceries?
Cash and Carry store
Understand the key differences between traditional and modern retail business formats. Learn how sales people and IT systems impact the retail process in each format.
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