Reasons for survival or small scale retailers. - SS1 Commerce Past Questions and Answers - page 1
1
What is a key advantage of small-scale retailers?
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A
Access to extensive resources and capital.
B
Ability to offer lower prices than larger retailers.
C
Personalized customer service.
2
What differentiates small-scale retailers from larger retailers?
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A
Extensive product offerings.
B
Focus on global market expansion.
C
Niche market specialization.
3
Why do small-scale retailers enjoy community support?
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A
They offer lower prices than larger retailers.
B
They are seen as integral parts of the local economy.
C
They have extensive resources and capital.
4
How do small-scale retailers adapt to market changes?
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A
By maintaining standardized operations.
B
By offering extensive product variety.
C
By leveraging personalized customer service.
5
What advantage do small-scale retailers have in terms of pricing?
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A
They can always offer lower prices than larger retailers.
B
They can access extensive resources and capital for pricing strategies.
C
They focus on cost-effective marketing strategies.
6
What role does niche markets and specialization have to play in the survival of small scale retailers ?
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7
What role does niche community support and trust have to play in the survival of small scale retailers ?
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