Considering types of retail stores, the one which sells merchandise with low margins at lower price and in high volumes is called?

Related Mcqs:

1. Considering types of retail stores, the one in which combines concept of supercenters and discount stores is classified as?

   A. inclusive store
   B. exclusive store
   C. superstore
   D. extensive store

2. Considering types of retailer stores, the one which is low margin, high volume and offers self-service operations to serve consumers grocery needs is classified as?

   A. selective market
   B. super market
   C. extensive market
   D. exclusive market

3. The products that are low priced and placed at most convenient available places in retail stores are classified as?

   A. specialty products
   B. subspecialty products
   C. convenience products
   D. unsought products

4. Considering types of retailers, the stores that are located near your residence, carry limited product line and remain open for seven days are called?

   A. selective store
   B. extensive store
   C. exclusive store
   D. convenience stores

5. The retail stores such as Best Buy, Staples and Pet Smart are examples of?

   A. superstore
   B. outbound stores
   C. inbound stores
   D. intensive stores

6. The retail stores such as 7-eleven and stop-n-go are examples of?

   A. outbound stores
   B. inbound stores
   C. intensive stores
   D. convenience stores

7. The retail stores such as Wal-Mart and Target are examples of?

   A. specialty stores
   B. department store
   C. discount store
   D. super store

8. The concept which states that new retailers begin as low price and low margin retailers and then covert into high priced retailers they have replaced is called?

   A. wheel of mega retailers
   B. wheel of retailing concept
   C. cycle of retailers
   D. retailers discount concept

9. Considering the Dutch auctions, the technique in which the auctioneer lower the announced price till bidder accepts price is used in situation of ________?

   A. One seller, many buyers
   B. One buyer, many sellers
   C. many sellers, many buyers
   D. None of above

10. The price margins fall and price competition increases when the index of market penetration is ____________?

    A. high
    B. low
    C. zero
    D. fixed