Roles of Retailer - SS1 Economics Past Questions & Answers - page 1

1

What is the primary role of a retailer? 

A

 Purchasing goods from manufacturers

B

Selling goods to wholesalers

C

Providing transportation services 

 

D

Selling goods directly to consumers

CORRECT OPTION: d
2

What is inventory management?

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

CORRECT OPTION: b
3

What are sales and marketing?

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

 

CORRECT OPTION: c
4

What is customer service?

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 assistance to customers with their purchases

CORRECT OPTION: d
5

What is physical store management?

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

 

CORRECT OPTION: d
6

What is the main difference between a retailer and a wholesaler?

A retailer sells products or services directly to consumers, while a wholesaler purchases products in bulk from manufacturers and sells them to retailers.

7

What is the role of sales and marketing in a retail business?

The role of sales and marketing in a retail business is to attract customers and generate sales through various techniques, such as advertising, promotions, and discounts.

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