Retailing Management
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Student: ___________________________________________________________________________
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Prescription pharmaceuticals account for over half or more of drugstores annual sales. True False Walmart is classified as an off-price retailer. True False Supermarkets gain higher profit margins from private-label merchandise than national brands. True False Hispanics have significantly different shopping and eating patterns from those of the general population in the United States. True False Subway is a franchise. True False The biggest difference between services and merchandise retailers is their profits. True False Discount stores offer both hard and soft goods for sale. True False Extreme-value retailers have a broad variety but shallow assortment of products offered at very low prices. True False An advantage of a large retail chain is that it can respond quickly to market changes and customer needs. True False
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10. To be competitive in today's marketplace, Supermarkets are focusing on offering perishable products and meal solutions. True False 11. New retail formats are created and evolve because ______________. A. consumers lose interest B. large retailers have undertaken stronger marketing campaigns C. consumers needs and competition change D. private branding dictates new fashion E. retailers have built better relationships with key customers 12. The North American Industry Classification System (NAICS): A. was developed by the Federal Trade Commission (FTC) B. uses an 8-digit classification system C. was created to collect data on North America's business activity D. is limited in its use to only retail institutions E. is used only by the United States 13. Which of the following statements about NAICS codes is TRUE? A. The letters in NAICS stand for National Assortments in Commercial Stores. B. Retailers with the same NAICS codes are likely to compete against each other. C. A retailer's principal competitor is seldom, if
Student: ___________________________________________________________________________
1. 2. 3. 4.
Prescription pharmaceuticals account for over half or more of drugstores annual sales. True False Walmart is classified as an off-price retailer. True False Supermarkets gain higher profit margins from private-label merchandise than national brands. True False Hispanics have significantly different shopping and eating patterns from those of the general population in the United States. True False Subway is a franchise. True False The biggest difference between services and merchandise retailers is their profits. True False Discount stores offer both hard and soft goods for sale. True False Extreme-value retailers have a broad variety but shallow assortment of products offered at very low prices. True False An advantage of a large retail chain is that it can respond quickly to market changes and customer needs. True False
5. 6. 7. 8.
9.
10. To be competitive in today's marketplace, Supermarkets are focusing on offering perishable products and meal solutions. True False 11. New retail formats are created and evolve because ______________. A. consumers lose interest B. large retailers have undertaken stronger marketing campaigns C. consumers needs and competition change D. private branding dictates new fashion E. retailers have built better relationships with key customers 12. The North American Industry Classification System (NAICS): A. was developed by the Federal Trade Commission (FTC) B. uses an 8-digit classification system C. was created to collect data on North America's business activity D. is limited in its use to only retail institutions E. is used only by the United States 13. Which of the following statements about NAICS codes is TRUE? A. The letters in NAICS stand for National Assortments in Commercial Stores. B. Retailers with the same NAICS codes are likely to compete against each other. C. A retailer's principal competitor is seldom, if