All Free Management Sciences MCQs with Answers
Every Management Sciences question in the bank, across all chapters, each with the correct answer and a written explanation. Free and unlimited, with no account needed.
3,770 questions · page 149 of 189
2961. The kind of retailer whose product line consists of airlines, colleges and hotels is classified as?
- A. independent off-price retailer
- B. service retailers
- C. categorized retailer
- D. off-price retailer
Explanation: Service retailers sell services rather than primarily physical goods, and airlines, colleges and hotels are standard examples.
Correct answer: service retailers- A. exclusive marketing
- B. shopper marketing
- C. outbound marketing
- D. inbound marketing
Explanation: Shopper marketing uses messages and promotions at the point of purchase to influence shoppers and strengthen the brand choice.
Correct answer: shopper marketing- A. independent super retailer
- B. off-price retailer
- C. on-price retailer
- D. independent off-price retailer
Explanation: Factory outlets and warehouse clubs sell branded goods at reduced prices, usually with lower service and operating costs, so they are…
Correct answer: off-price retailer- A. voluntary franchise chain
- B. merchant wholesalers
- C. agents and brokers
- D. manufacturer's sales branches
Explanation: The standard wholesaler categories include merchant wholesalers, agents and brokers, and manufacturers’ sales branches or offices.
Correct answer: voluntary franchise chain- A. independent super retailer
- B. off-price retailer
- C. on-price retailer
- D. independent off-price retailer
Explanation: An independent off-price retailer may operate as an independent business or as a division of a larger retail corporation, while still…
Correct answer: independent off-price retailer- A. shopping center
- B. specialty center
- C. corporate center
- D. warehouse club center
Explanation: A shopping center is a planned retail facility owned, developed, and managed as a single unit.
Correct answer: shopping center- A. full-service retailers
- B. self-service retailers
- C. limited service retailers
- D. super retailers
Explanation: Tiffany and Williams Sonoma sell specialty merchandise and typically provide substantial personal assistance, product advice, and service.
Correct answer: full-service retailers- A. limited service retailers
- B. super retailers
- C. full-service retailers
- D. self-service retailers
Explanation: Full-service retailers carry specialty or higher-involvement goods and assist customers with selection, advice, and service.
Correct answer: full-service retailers- A. off price voluntary stores
- B. mutual cooperation
- C. chain stores
- D. voluntary stores
Explanation: Chain stores consist of two or more commonly owned and controlled outlets that usually follow coordinated purchasing, merchandising, and…
Correct answer: chain stores- A. inter-modeling
- B. distribution operation
- C. wholesaling
- D. retailing
Explanation: Retailing is the set of activities involved in selling goods or services directly to final consumers for non-business use.
Correct answer: retailing- A. outbound stores
- B. super market
- C. inbound stores
- D. intensive stores
Explanation: Kroger, Safeway and Supervalu operate large stores offering broad lines of food and household goods at relatively low prices, so they are…
Correct answer: super market- A. inclusive store
- B. exclusive store
- C. superstore
- D. extensive store
Explanation: A superstore combines the broad merchandise range of a supercenter with the low-price, high-volume approach of a discount store.
Correct answer: superstore- A. discount store
- B. selective store
- C. extensive store
- D. exclusive store
Explanation: Discount stores sell merchandise at lower prices by operating on relatively low margins and relying on high sales volume.
Correct answer: discount store2974. In retailer industry, the stores such as Kohl's and Target are considered as best examples of?
- A. limited service retailers
- B. super retailers
- C. full-service retailers
- D. self-service retailers
Explanation: Kohl's and Target commonly use self-service retailing, allowing customers to locate, compare and select products with limited personal…
Correct answer: self-service retailers- A. manufacturer's sales branches
- B. brokers
- C. agent
- D. drop shippers
Explanation: Manufacturer's sales branches are owned or controlled by manufacturers and sell directly to buyers, avoiding independent wholesalers.
Correct answer: manufacturer's sales branches- A. full-service retailers
- B. self-service retailers
- C. limited service retailers
- D. super retailers
Explanation: The sequence locate, compare and select reflects self-service retailing, where shoppers perform most of the buying process themselves.
Correct answer: self-service retailers- A. manufacturer's sales branches
- B. brokers
- C. agent
- D. drop shippers
Explanation: A broker brings buyers and sellers together, helps negotiate the transaction and normally does not take title to the goods.
Correct answer: brokers- A. outbound stores
- B. inbound stores
- C. intensive stores
- D. convenience stores
Explanation: 7-Eleven and Stop-N-Go are convenience stores, designed for quick purchases of frequently needed items in accessible locations.
Correct answer: convenience stores- A. corporate chains
- B. retailer cooperatives
- C. voluntary chains
- D. all of above
Explanation: Corporate chains, retailer cooperatives and voluntary chains are all major forms of retail organization.
Correct answer: all of above2980. Considering types of retailers, the store which only carries limited product line is classified as?
- A. specialty stores
- B. department store
- C. discount store
- D. super store
Explanation: Specialty stores concentrate on a limited product line, such as footwear, cosmetics or sporting goods, but usually offer depth within that…
Correct answer: specialty stores