MCQ Bank
Following are the basic principles for operating a retail store EXCEPT.
- A) Safety
- B) Presentation
- C) Production
- D) Signage
Which of the following business models causes a cash flow problem for the company?
- A) Worst Business Model
- B) Acceptable Business Model
- C) Best Business Model
- D) Better Business Model
All of the following are the basic principles of store operations EXCEPT.
- A) Appropriate clothes for staff
- B) Encourage stumbling blocks
- C) Safe handling of products
- D) Crisis Management
Which of the following preliminary budgeting decisions a retailer should take in an ongoing budgeting process.
- A) Monitoring Results
- B) All of the given options
- C) Planned expenditure
- D) Performance standards
Which of the following represents the promotional or advertising income.
- A) Back margin
- B) Cash Margin
- C) Front Margin
- D) Gross Margin
Investigation of alternative trading areas falls under the category of____
- A) Retailers’ goods availability
- B) Retailers’ purchase Term
- C) Retailers’ value delivery system
- D) Retailers’ site selection criteria
Which of the following describes this formula: Total sales divided by Sales Area.
- A) Area productivity
- B) Employee productivity
- C) Vehicle productivity
- D) Merger productivity
Which of the following circumstances allows the creation of cost categories.
- A) Back margin
- B) Delta Sales
- C) Budgeting
- D) Delta Customers
The product display and the sales area's optimization are aspects of_______
- A) Planned expenditure
- B) Principles of site evaluation
- C) Worst Business Model
- D) Principles of retail operation
Which of the following is considered to be key components of the Strategic Profit Model.
- A) Societal
- B) Site Evaluation
- C) Financial Leverage
- D) Personal
Which of the following attributes a merchandising philosophy should reflect.
- A) Retailer’s institutional type
- B) All of the given options
- C) Market place positioning
- D) Target market desires
Which of the following best describes how frequently should inventory be moved from non-selling to selling areas of a store?
- A) Labor scheduling
- B) Job Standardization
- C) Inventory management
- D) Self-Service
Which of the following concept ensures that the staff members have a high level of product knowledge.
- A) Personnel
- B) Promotion
- C) Safety
- D) Product
Which of the following retail assortment strategies includes one-stop shopping.
- A) Fad merchandise
- B) Narrow and deep
- C) Staple merchandise
- D) Wide and shallow
____starts with the whole amount of store space available. It categorizes the area before working on product layouts.
- A) Top-down space
- B) Middle space
- C) Bottom-up space
- D) Average Space
Which of the following ensures the merchandise is pre-tagged and pre-occupied with all the necessary details.
- A) Quick Response Inventory
- B) Replenishment
- C) Floor-ready merchandise
- D) Balancing Inventory
All of the following are the tactics to maximize personnel productivity EXCEPT.
- A) Self-Service
- B) Job Standardization
- C) Store layout
- D) Length of Employment
____is a type of supply chain management that transfers products from buyers to sellers or manufacturers.
- A) Retail Assortment
- B) Reverse Logistics
- C) Balancing Inventory
- D) Planogram
Which of the following applies when environmental risk is higher.
- A) Inventory
- B) Credit
- C) Promotion
- D) Insurance
All of the following are the different types of merchandise EXCEPT.
- A) Seasonal merchandise
- B) Temporary merchandise
- C) Fad merchandise
- D) Fashion merchandise