Retail trade. - SS1 Commerce Past Questions and Answers - page 1
1
What is the final step in the supply chain?
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A
Manufacturing
B
Distribution
C
Retail trade
2
Which of the following is a characteristic of retail trade?
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A
Customer service
B
No customer interaction
C
Direct sale to manufacturers
3
Which of the following is an advantage of retail trade?
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A
Limited control over the supply chain
B
Employment opportunities
C
Employment opportunitiesÂ
4
Which of the following is a disadvantage of retail trade?
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A
Convenience for customers
B
Competitive pressure
C
Complete control over supply chain
5
What are the two types of retail trade?
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A
Brick-and-mortar and wholesale
B
Online and brick-and-mortar
C
Wholesale and direct
6
What do retailers aim to do with pricing?
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A
Set prices that allow them to generate profit while remaining competitive in the market
B
Offer the lowest price possible
C
Ignore competition and focus on profit
7
What is the primary function of retail trade?
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