Tag: large scale retail trade

Questions Related to large scale retail trade

Which of the limitation talks about lack of initiative under the Chain store or Multiple shops retailer?

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. Fluctuations in demand for the merchandise may lead to loss because of large stock.

  2. The personnel managing the multiple shops have to obey the instructions received from the head office which makes them habitual for directions.

  3. The multiple shops deal only in limited range of products.

  4. All of the above

Show answer
Correct Option: B
Explanation:

It is an approach to operating a retail business in which you offer products to customers through multiple retail channels. Brick and mortar stores, catalogs and the Internet are three primary multiple channels used by many retailers, but other, smaller retail formats exist as well.

Name some of the fixed shop large retailers that are present in the market.

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. Departmental stores

  2. Chain stores

  3. Mail order houses

  4. All of the above

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Correct Option: D

Mention the goods that are traded in Super markets.

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. Groceries

  2. Utencils

  3. Electronic goods

  4. All of the above

Show answer
Correct Option: D
Explanation:

A supermarket is a self-service shop offering a wide variety of food and household products, organized into sections and shelves. It is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or big-box market.

Which of the following is/are example(s) of Departmental store(s) in India?

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. Akberally

  2. Shoppers Stop

  3. Spencers

  4. All of the above

Show answer
Correct Option: D
Explanation:

In India, companies like Big Bazaar, Shopper's Stop, Kingsberry, Pantaloon, Ezone and D-Mart are entering into retail. Small-time department stores or convenience shops as they are better known in most western countries are also upcoming.

Identify the incorrect statement regarding large shop retailers.

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. There are different size groups of fixed shop retailers.

  2. These retailers may be dealing in different products, including consumer durable as well as non-durable.

  3. This category of retailers has greater credibility in the minds of customers.

  4. They normally deal in consumer products of daily use.

Show answer
Correct Option: D
Explanation:

Large scale retail trade is a type in which either single type of goods or a variety of goods is made available to a large number of consumers in a big shop under a singel roof or may be made available at the convenience of customers.

The type of store that features Product lines is _______.

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. hawkers

  2. one price retailer

  3. departmental Store

  4. all of the above

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Correct Option: C
Explanation:

Product lines is a group of related products under a single brand sold by the same company . Companies sell multiple product lines under same brand. 

Product lines cover departmental stores .

The profits earned by consumer cooperative stores during a year are utilized for declaring bonus to members according to purchases made by them.

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

Consumers' co-operatives are enterprises owned by consumers and managed democratically which aim at fulfilling the needs and aspirations of their members. They operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit.

Which of the following is not a feature of Chain store?

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. The manufacturing/procurement of merchandise for all the retail units is centralized at the head office.

  2. Each retail shop is under the direct supervision of a Branch Manager.

  3. As the size of these stores is very large, they are generally formed as a joint stock company.

  4. The prices of goods in such shops are fixed and all sales are made on cash basis.

Show answer
Correct Option: C
Explanation:

Chain store is that it deals in one type of product. Thus the idea behind multiple shops is specialisation. Thus we can say that chain stores mean a group of stores, handling similar lines of merchandise with single ownership and scattered location

From below mentioned which is a large-scale industry?

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. Fertilizer

  2. Natural gas

  3. Banking

  4. All of the above

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Correct Option: D
Explanation:

Large scale industry refers to that industry which has huge capital, huge equipments, large number of skilled labour etc. Fertilizer, natural gas and banking industries have these characteristics. Hence, they are all large scale industries.

The benefits of large scale operations are enjoyed by_____________ in respect of purchase of goods.

elements of business large scale retail trade forms of large scale retail stores types of retail organisation types of retailing

  1. chain stores

  2. consumer cooperative stores

  3. departmental stores

  4. all of the above

Show answer
Correct Option: C
Explanation:

Large retail establishment with an extensive assortment in variety and range of goods, organized into separate departments. All departments are housed under the same roof to facilitate buying, customer service, merchandising, and control.