Commerce Accountancy

Business and Project Management

1,444 Questions

Business and project management focus on organizational resources, strategic planning, and time management techniques used to achieve corporate objectives. It includes theories of administration and continuous improvement processes. Review these commerce and management questions to prepare for business administration sections in competitive exams.

Strategic managementTime managementOrganizational resourcesAdministration principles

Business and Project Management Questions

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

Name some of the fixed shop large retailers that are present in the market.

  1. Departmental stores

  2. Chain stores

  3. Mail order houses

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Departmental stores, chain stores, and mail order houses are all recognized forms of large-scale fixed shop retailing. Therefore, all listed options are correct.

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

Mention the goods that are traded in Super markets.

  1. Groceries

  2. Utencils

  3. Electronic goods

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A supermarket is a self-service shop offering a wide variety of food and household products, organized into sections and shelves. It is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or big-box market.

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

Identify the incorrect statement regarding large shop retailers.

  1. There are different size groups of fixed shop retailers.

  2. These retailers may be dealing in different products, including consumer durable as well as non-durable.

  3. This category of retailers has greater credibility in the minds of customers.

  4. They normally deal in consumer products of daily use.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Large scale retail trade is a type in which either single type of goods or a variety of goods is made available to a large number of consumers in a big shop under a singel roof or may be made available at the convenience of customers.

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

The type of store that features Product lines is _______.

  1. hawkers

  2. one price retailer

  3. departmental Store

  4. all of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Product lines is a group of related products under a single brand sold by the same company . Companies sell multiple product lines under same brand. 

Product lines cover departmental stores .

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

The profits earned by consumer cooperative stores during a year are utilized for declaring bonus to members according to purchases made by them.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Consumers' co-operatives are enterprises owned by consumers and managed democratically which aim at fulfilling the needs and aspirations of their members. They operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit.

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

Which of the following is not a feature of Chain store?

  1. The manufacturing/procurement of merchandise for all the retail units is centralized at the head office.

  2. Each retail shop is under the direct supervision of a Branch Manager.

  3. As the size of these stores is very large, they are generally formed as a joint stock company.

  4. The prices of goods in such shops are fixed and all sales are made on cash basis.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Chain store is that it deals in one type of product. Thus the idea behind multiple shops is specialisation. Thus we can say that chain stores mean a group of stores, handling similar lines of merchandise with single ownership and scattered location

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

The benefits of large scale operations are enjoyed by_____________ in respect of purchase of goods.

  1. chain stores

  2. consumer cooperative stores

  3. departmental stores

  4. all of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Large retail establishment with an extensive assortment in variety and range of goods, organized into separate departments. All departments are housed under the same roof to facilitate buying, customer service, merchandising, and control.

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

Name the fixed shop large retailer which have certain flexibility in respect of the goods marketed.

  1. Mail order housing

  2. Chain stores

  3. Departmental stores

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Departmental stores offer a wide variety of goods and have the flexibility to adjust their product mix based on consumer demand. Mail order houses and chain stores typically have more rigid product ranges.

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

Name the fixed shop large retailer which satisfies all the needs of customers under one roof.

  1. Chain stores

  2. Consumer cooperative store

  3. Mail order housing

  4. Departmental stores
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A department store is a retail establishment offering a wide range of consumer goods in different product categories known as "departments".

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

Name the advantages offered by Multiple shops to its customers.

  1. Economies of scale

  2. Low cost

  3. Diffusion of risk

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Multiple shops benefit from economies of scale due to centralized purchasing, which lowers costs. They also spread risk across many locations, making 'All of the above' the correct answer.

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

What restricts the purchasing power of buyers from Super markets?

  1. No credit facility.

  2. No personal attention.

  3. Huge operating costs.

  4. None of these.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Buyers power refers to the pressure buy can exert on businesses by raising prices, lowering quality, or reducing the availability of their products. Further more, a strong buyer can make an industry more competitive and decrease the profit potential for the buyer.

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

Some of the services offered by departmental stores to its customers includes_________________.

  1. home delivery of goods

  2. execution of telephone orders

  3. grant of credit faciities

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Departmental stores are known for providing a high level of customer service, including home delivery, telephone order processing, and credit facilities to attract and retain customers.

Multiple choice elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

Name the retailer enterprise in which sales are made strictly on cash basis.

  1. Chain stores

  2. Departmental stores

  3. Consumer cooperative store

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Chain stores (multiple shops) typically operate on a strict cash-and-carry basis to minimize the risk of bad debts and simplify accounting across many locations.

Multiple choice organisation of commerce and management marketing mix elements of marketing mix middlemen physical distribution and channels

Out of these what is not considered an unacceptable business practices?

  1. Door-to-door sales.

  2. False advertising

  3. Referral selling.

  4. Abusive debt collection methods.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

False advertising, referral selling, and abusive debt collection are widely recognized as unethical or illegal business practices. Door-to-door sales is a legitimate, though traditional, method of selling.

Multiple choice organisation of commerce and management marketing mix elements of marketing mix middlemen physical distribution and channels

Two-level channel of distribution is most suited for goods like ________.

  1. rice, sugar and pulses

  2. soaps, oil

  3. clothes

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A two-level channel involves a manufacturer, a wholesaler, and a retailer. This is common for consumer goods like food items, soaps, and clothing where wide distribution is required.