Tag: forms of large scale retail stores

Quizzes (0) Questions (30)

Questions Related to forms of large scale retail stores

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 limitation talks about lack of initiative under the Chain store or Multiple shops retailer?

  1. Fluctuations in demand for the merchandise may lead to loss because of large stock.

  2. The personnel managing the multiple shops have to obey the instructions received from the head office which makes them habitual for directions.

  3. The multiple shops deal only in limited range of products.

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

It is an approach to operating a retail business in which you offer products to customers through multiple retail channels. Brick and mortar stores, catalogs and the Internet are three primary multiple channels used by many retailers, but other, smaller retail formats exist as well.

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

Which of the following is/are example(s) of Departmental store(s) in India?

  1. Akberally

  2. Shoppers Stop

  3. Spencers

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

In India, companies like Big Bazaar, Shopper's Stop, Kingsberry, Pantaloon, Ezone and D-Mart are entering into retail. Small-time department stores or convenience shops as they are better known in most western countries are also upcoming.

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

From below mentioned which is a large-scale industry?

  1. Fertilizer

  2. Natural gas

  3. Banking

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

Large scale industry refers to that industry which has huge capital, huge equipments, large number of skilled labour etc. Fertilizer, natural gas and banking industries have these characteristics. Hence, they are all large scale industries.

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.