The Retail and Retailing Quiz
1.
It is up to the vendor (who is bringing the product to market), to manage the product into the marketplace and try to maintain a flow of product that will satisfy demand, but not result in surplus stock. Any surplus will have to be sold below cost and will negatively affect any profit made on the line.
3.
The growth of online has meant for retailers
Select all that apply
5.
When selecting a product range the buyer will;-
Select all that apply
7.
The Benefits of multi-channel retailing for the retailer include;-
Select all that apply