Roles of Retailer - SS1 Economics Past Questions and Answers - page 1
1
What is the primary role of a retailer?
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A
Purchasing goods from manufacturers
B
Selling goods to wholesalers
C
Providing transportation servicesÂ
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D
Selling goods directly to consumers
2
What is inventory management?
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A
Purchasing products from wholesalers or manufacturers
B
Managing inventory levels to meet consumer demand
C
Using sales and marketing techniques to attract customers
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D
Providing customer service to assist customers
3
What are sales and marketing?
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A
Purchasing products from wholesalers or manufacturers
B
Managing inventory levels to meet consumer demand
C
Using sales and marketing techniques to attract customers
D
Providing customer service to assist customers
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4
What is customer service?
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A
Purchasing products from wholesalers or manufacturers
B
Managing inventory levels to meet consumer demand
C
Using sales and marketing techniques to attract customers
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D
Providing assistance to customers with their purchases
5
What is physical store management?
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A
Purchasing products from wholesalers or manufacturers
B
Managing inventory levels to meet consumer demand
C
Using sales and marketing techniques to attract customers
D
Managing the store environment, including store layout and product displays
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6
What is the main difference between a retailer and a wholesaler?
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7
What is the role of sales and marketing in a retail business?
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