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Retailing Zone

Description: Its all about retailing.....Go for it....
Number of Questions: 15
Created by:
Tags: Retail Management merchandise display merchandise category brand branding approach customer retailer Marketing Management
Attempted 0/15 Correct 0 Score 0

______ is a cyclical theory of retailers evolution suggesting that changes in retail institutions are explained in terms of depth versus breadth of assortment.

  1. Dialectic theory

  2. Accordion theory

  3. Mass-market theory

  4. Subculture theory

  5. None of these


Correct Option: B
Explanation:

Yes, it is correct.

Which of the following terms is used for a set of associations that consumers have about a brand that is usually organised around some meaningful themes?

  1. Brand association

  2. Brand image

  3. Brand awareness

  4. Brand equity

  5. None of these


Correct Option: B
Explanation:

Yes, it is correct.

________ is a system of equalising sales among sales people.

  1. Multiattribute attitude model

  2. Call system

  3. Share of wallet

  4. Dating

  5. None of these


Correct Option: B
Explanation:

Yes, it is correct.

________ is a branding strategy that targets a price sensitive segment by offering a no-frills product at a discount price.

  1. Copycat branding

  2. Bargain branding

  3. Forward integration

  4. Low price guarantee policy

  5. None of these


Correct Option: B
Explanation:

Yes, it is the right answer.

Laws prohibiting from being open two consecutive days of the weekend to allow employees a day of rest or religious observance refer to

  1. antitrust legislation

  2. procedural fairness

  3. close-out

  4. blue laws

  5. None of these


Correct Option: D
Explanation:

Yes, it is correct.

Which of the following is a merchandise category?

  1. End-cap

  2. Hype

  3. Pallet

  4. Spiff

  5. None of these


Correct Option: E
Explanation:

 None of these is a merchandise category.

______ is a large, well-known retail operation located in a shopping center or internet mall and serving as an attracting force for consumers to the center.

  1. Parasite store

  2. Promotional center

  3. Virtual mall

  4. Anchor store

  5. None of these


Correct Option: D
Explanation:

Yes, it is right.

A discount retailer that offers a complete assortment in a category and thus, dominates a category from the customer's perspective is called

  1. category specialist

  2. category captain

  3. category manager

  4. capacity fixture

  5. Both (2) and (3)


Correct Option: A
Explanation:

Yes, it is correct.

Customers visiting a store and buying only merchandise sold at big discounts or buying only the best styles is called

  1. customer spotting

  2. forward buy

  3. lift-out

  4. cherry picking

  5. All of the above


Correct Option: D
Explanation:

Yes, it is the right answer.

When the consumers indicate that they know the brand when the name is presented to them, it is called

  1. premarking

  2. local links

  3. brand loyalty

  4. aided recall

  5. None of these


Correct Option: D
Explanation:

Yes, it is correct.

________ refers to marketing activities that enable consumers to express their identification with an organisation.

  1. Customisation approach

  2. Affinity marketing

  3. Standardisation approach

  4. Add-on selling

  5. None of these


Correct Option: B
Explanation:

Yes, it is correct.

_______ refers to discount offers by a vendor to a retailer in addition to the cash discount if the retailer pays the invoice before the end of the cash discount period.

  1. Chain discount

  2. Cost complement

  3. Anticipation discount

  4. Double-coupon

  5. None of these


Correct Option: C
Explanation:

Yes, it is right.

The percentage by which the retail price is lowered after a markup is taken is called

  1. additional markup cancellation

  2. additional markup

  3. additional markup percentage

  4. cumulative markup

  5. None of these


Correct Option: A
Explanation:

Yes, it is the right answer.

Which of the following is an approach of personal selling in which selling behaviours are altered based on information about the customer and buying situation?

  1. Frontal presentation

  2. Sell-through analysis

  3. Adaptive selling

  4. Cumulative attraction

  5. None of these


Correct Option: C
Explanation:

Yes, it is the right answer.

Which term is used for the lease that limits the type and amount of competition that a particular retailer faces within a trading area?

  1. Graduated lease

  2. Exclusive use clause

  3. Anti competitive leasing arrangement

  4. Competitive parity method

  5. None of these


Correct Option: C
Explanation:

Yes, it is the right answer.

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