Tag: types of retail organisation

Questions Related to types of retail organisation

Itinerant retailers are traders who do not have a fixed________ of business to operate from.

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. scale

  2. place

  3. capital

  4. labour

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Correct Option: B

What are the types of the fixed shop retailers on the basis of the size of their operations?

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. Small shopkeepers

  2. Large retailers

  3. Both (A) and (B)

  4. None of the above

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Correct Option: C

Name the traders who do not change their place of business very frequently?

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. Pavement vendors

  2. Cheap jacks

  3. Market traders

  4. Peddlers and Hawkers

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Correct Option: A

What are the characteristics of fixed shop retailers?

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. They operate at large scale.

  2. They have greater credibility in the minds of consumers.

  3. They deal in both durable and non-durable products.

  4. All of the above

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Correct Option: D

Name the traders who open their shops at different places on fixed days or dates.

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. Street traders

  2. Peddlers and Hawkers

  3. Cheap jacks

  4. Market traders

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Correct Option: D

Under Mail Order House, for obtaining orders, potential customers are approached through _________.

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. advertisements in newspapers or magazines

  2. samples and bills

  3. price lists sent

  4. all of the above

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Correct Option: D
Explanation:

A mail-order house is a company that sells or manages mail-order advertising or a mail-order business. A company that creates letters to send out to customers encouraging them to buy something via the mail is an example of a mail-order house.

The people entrusted with the management of cooperative stores lack expertise as they are not trained in running the stores efficiently.

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. True

  2. False

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Correct Option: A
Explanation:
  1. Research. Luckily, this tip is easy to follow because most of us end up online shopping when we're bored. 
  2. Don't window shop. We advise against window-shopping since it's usually a waste of time. 
  3. Budget. 
  4. Go alone. 
  5. Have an open mind. 
  6. Price match. 
  7. Watch out for promotions.
  8. Know the return policy.

The biggest advantage of mail-order business from the point of view of consumers is that unnecessary middlemen between the buyers and sellers are eliminated.

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. True

  2. False

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Correct Option: A
Explanation:

The main advantage of selling through catalogs is the ability to reach hundreds of thousands of readers with just one mailing. This dramatically increases a retailers exposure to potential shoppers. With mail order sales, the catalog is essentially your "store" and the copy is the salesperson.

Sellers cannot clear all the doubts of customers through catalogues and advertisements. This is because of _____.

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. High promotion cost

  2. No after sales service

  3. Delayed delivery

  4. Lack of personal contact with customers

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Correct Option: D
Explanation:

Poor Customer service occured due to customers needs and expectation are not satisfied, failing to managing a customer service operation and company standerd , laking of organised planned to execute cutomer service,laking of motivational skills, and laking of good communication skills in concern of product/service.

The consumer cooperative stores normally sell goods on cash basis.

business organisation and correspondence middlemen 2 - retailer types of retail organisation types of retailing retail trade

  1. True

  2. False

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Correct Option: A
Explanation:

Cash Basis Accounting -Cash Basis accounting recognizes revenue and expense when cash is actually spent or received. For example, revenue from sale of goods is recognized when payment is received from the customer, not when an invoice is created.