Retail Management MCQ Questions and Answers pdf
1. The first and foremost method of retail is:
a. Counter service
b. Self-service
c. Online shops
d. Cost-plus pricing
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Answer: (A)
2. In a ___, a retailer sells to consumers through multiple retail formats, such as websites, physical stores.
a. Multi-channel retailing
b. Retail management
c. Counter selling
d. Retail strategy
Answer: (A)
3. Retail business generates an enormous amount of information that would be very valuable if one could:
a. Collect it quickly, reliably, and efficiently
b. Analyze it to make sense of the past and plan future decisions
c. Distribute it to the right people in your organization so they can act on it
d. All of the above
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Answer: (D)
4. Small grocery stores that are run by individuals or families and cater to their immediate neighborhood or locality.
a. Brick and mortar stores
b. Mom-and-pop stores
c. Departmental stores
d. Kirana stores
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Answer: (B)
5. The planning system prioritizes according to ___ since that is the best way to ensure the lowest possible inventory.
a. Packaging date
b. Delivery date
c. Shipment date
d. Distribution date
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Answer: (C)
6. ___ represent anticipated demand.
a. Forecast
b. Blanket order
c. Both a and b
d. None of the above
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Answer: (C)