Retail and Retailing Quiz

1This quiz is designed to test your knowledge of these modules of the “Retail”  lessons in the Business Models Courses.  The 17 lessons can be seen here;

You can navigate backwards and forwards to review your responses by using the appropriate buttons.

The pass mark is 700 out of a potential 1000 points, 100 for each question.

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You will shortly receive an email advising you of your score, whether you have passed the quiz, and how your answers have been scored.

Retail and Retailing Quiz

Retail profit is generated by buying at one price, and selling on at another price that will cover overheads and leave an amount for the retailer’s profit.

The growth of online has meant for retailers

All retailers work directly with manufacturers to come up with “own brand” product.

The Benefits of multi-channel retailing for the retailer include;-
Select all that apply

Key factors for consumer when selecting delivery options include;-
Select all that apply

Manufacturers need retailers to act as a middleman between them and the customer principally because they don’t have the retailer’s infrastructure and skill set.

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.

Click n collect means that the customer places their order online, then goes to the shop to collect it themselves. One of the reasons this is popular is what is known as the “final mile “.

When selecting a product range the buyer will;-
Select all that apply

A retailer’s objective usually include ;-
Select all that apply

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Retail and Retailing Quiz — 29 Comments

  1. I am very happy to say thanks for this training. It has really shaped me as aretail business person. Thanks in advance.

  2. I am happy for achieving a pass mark for all QUIZ. Thank you.

  3. Sorry , am missing read this lesson .So that some of quiz cannot understand. Let me review all of the lesson will be answer.

  4. interesting! This is refreshing. If most individuals, business organizations,even nations remember and understand these basic types of business organizations; investments will not be lost and profits may not elude. Thanks many times.

  5. I have finished my Quiz and have got pass marks but i didn’t receive an email of my marks as usual.

  6. I love such interesting rectures /issues. They are about our daily life in developing world and even beyond. Thank you greatly. Bernard

  7. It is a teachable course.It actually trains on all fields of managing retail businesses.It brings into focus how retail business moves from contemporary era to modern times as well.Here,there is a beginning but as times goes on,we shall continue to learn new retailing skills because development in retail business is like a circle that keeps on turning.Thanks so much and remain blessed.

  8. This the time for me to arrive my place of dream.I thanks my instructor for your help . You’re already blessed man!! God bless you! ! please my instructor send me my supporting transcript I attended in previous time at strayer university to arrive to strayer university. Please! Send me in my E-mail address of [email protected].

  9. I always fail access to your website due to poor reception in my area of operation.