Question 1

activities related to managing the store and the merchandise in the store,which includes retail pricing,store location,retail communication,and merchandise are referred to as the __________.

Accepted Answer

A)   wheel of retailing
B)   distribution mix
C)   retail life cycle
D)   retailing mix
E)   retail store positioningF) A) and E)
G) A) and C)

Question 2

is the value of retailing for consumers and the economy?

Accepted Answer

Retailing is an important marketing acti...

Question 3

Balance offers shoes for men,women,and children in many sizes and foot widths.It offers running,cross training,walking,golf,and other types of shoes.This an example of the __________ that New Balance offers to its customers.

Accepted Answer

A)   product items
B)   depth of product line
C)   breadth of product line
D)   versatility of product family
E)   variety of product mixF) B) and C)
G) A) and B)

Question 4

retailers set prices on new models or styles of products,the price of existing models often is _________.

Accepted Answer

A)   marked up
B)   off-priced
C)   value-added
D)   marked down
E)   maintainedF) All of the above
G) A) and C)

Question 5

stores today are near several others in one of five settings: the central business district,the community shopping center,the strip mall,the power center,or the __________.

Accepted Answer

A)   exurb value center
B)   urban megacenter
C)   suburban downtown
D)   regional shopping center
E)   rural micromallF) A) and B)
G) None of the above

Question 6

stores today are in one of five settings that include all of the following EXCEPT:

Accepted Answer

A)   the regional shopping center.
B)   the strip mall.
C)   the uptown shopping center.
D)   the community shopping center.
E)   the power center.F) A) and E)
G) All of the above

Question 7

oldest retail setting,usually located in the community's downtown area,is referred to as

Accepted Answer

A)   the central business district.
B)   main street.
C)   community anchor.
D)   uptown center.
E)   historical commerce district.F) C) and E)
G) All of the above

Question 8

changes will likely occur in the future of retailing?

Accepted Answer

Retailers in the future are likely to co...

Question 9

retailing positioning matrix refers to an analytical tool that

Accepted Answer

A)   positions retail outlets in terms of the breadth of product line and value added.
B)   identifies the best location for building or leasing a retail store.
C)   identifies the specific customer base served by all stores within a given radius.
D)   identifies the most likely target market for a retail outlet based upon its size.
E)   identifies the elements of the retailing mix.F) D) and E)
G) None of the above

Question 10

Briefly describe the three levels of service offered by retail outlets.

Accepted Answer

Retail outlets generally offer three lev...

Question 11

specialty stores and department stores,which provide many services to their customers,are considered to be __________.

Accepted Answer

A)   exclusive-service retailers
B)   limited-service retailers
C)   full-service retailers
D)   full-domain retailers
E)   upscale-retailersF) A) and B)
G) None of the above

Question 12

off-price retailer that requires customers to purchase an annual membership card for the privilege of shopping at the store is referred to as a __________.

Accepted Answer

A)   outlet store
B)   single-price retailer
C)   hypermarket
D)   warehouse club
E)   supercenterF) A) and D)
G) A) and E)

Question 13

Which of the following statements regarding telemarketing is most accurate?

Accepted Answer

A)   Shopping bots are computers that place automated or "robo" (i.e. robotic)  telemarketing calls.
B)   Direct-mail is typically viewed as more efficient means of targeting consumers than telemarketing.
C)   Telemarketing has risen in popularity as a result of the National Please-Do-Call registry legislation.
D)   Consumer privacy, industry standards, and ethical guidelines have become important issues.
E)   Some firms are considering shifting their direct-mail and door-to-door budgets to telemarketing techniques.F) D) and E)
G) A) and E)

Question 14

Which type of outlet is most likely in its decline stage of the retail life cycle?

Accepted Answer

A)   single-price stores
B)   value-retail centers
C)   online retailers
D)   business-district retailers
E)   convenience storesF) A) and B)
G) A) and C)

Question 15

strip mall refers to a

Accepted Answer

A)   suburban mall containing up to 100 stores that draws customer from a 5-to 10-mile radius.
B)   a cluster of stores in a downtown area.
C)   retail location that typically has one primary store (usually a department store branch)  with 20 to 40 smaller outlets serving a population of consumers who are within a 10- to 20-minute drive.
D)   cluster of neighborhood stores designed to serve people within a five- to ten- minute drive.
E)   collection of category killers usually located outside a major amusement park or attraction.F) All of the above
G) None of the above

Question 16

Store layout,colors,lighting,and music are all considered part of a store's retail

Accepted Answer

A)   image.
B)   psychological attributes.
C)   antecedent attributes.
D)   personality type.
E)   atmosphere.F) A) and B)
G) D) and E)

Question 17

According to Figure 16-9 above,where would you find the highest prices,margins,and status?

Accepted Answer

A)   "A"
B)   "B"
C)   "C"
D)   "D"
E)   "A" and "D"F) A) and C)
G) A) and B)

Question 18

Sales per Square Foot and Same-Store Sales Growth Marketing Dashboards
-Neiman Marcus has approximately what amount of sales per square foot according to the Sales per Square Foot Marketing Dashboard above?

Accepted Answer

A)   $500
B)   $800
C)   $1,000
D)   $2,000
E)   $4,000F) C) and E)
G) A) and B)

Question 19

Price ranges,store layouts,and breadth and depth of merchandise lines are considered to be __________ of a store's image.

Accepted Answer

A)   functional qualities
B)   sociological qualities
C)   psychological attributes
D)   lifestyle attributes
E)   atmospheric elementsF) B) and C)
G) C) and D)

Question 20

stores today are near several others in one of five settings: the central business district,the community shopping center,the regional shopping center,the power center,or the __________.

Accepted Answer

A)   suburban downtown
B)   strip mall
C)   exurb value center
D)   rural micromall
E)   urban megacenterF) None of the above
G) All of the above

Exam 16: Retailing and Wholesaling

retailers set prices on new models or styles of products,the price of existing models often is _________.

Correct AnswerverifiedShow Answer

Store layout,colors,lighting,and music are all considered part of a store's retail

Correct AnswerverifiedShow Answer

retailing positioning matrix refers to an analytical tool that

Correct AnswerverifiedShow Answer

Price ranges,store layouts,and breadth and depth of merchandise lines are considered to be __________ of a store's image.

Correct AnswerverifiedShow Answer

specialty stores and department stores,which provide many services to their customers,are considered to be __________.

Correct AnswerverifiedShow Answer

Balance offers shoes for men,women,and children in many sizes and foot widths.It offers running,cross training,walking,golf,and other types of shoes.This an example of the __________ that New Balance offers to its customers.

Correct AnswerverifiedShow Answer

Sales per Square Foot and Same-Store Sales Growth Marketing Dashboards -Neiman Marcus has approximately what amount of sales per square foot according to the Sales per Square Foot Marketing Dashboard above?

Correct AnswerverifiedShow Answer

According to Figure 16-9 above,where would you find the highest prices,margins,and status?

Correct AnswerverifiedShow Answer

strip mall refers to a

Correct AnswerverifiedShow Answer

stores today are near several others in one of five settings: the central business district,the community shopping center,the regional shopping center,the power center,or the __________.

Correct AnswerverifiedShow Answer

Briefly describe the three levels of service offered by retail outlets.

Correct AnswerverifiedRetail outlets generally offer three lev...View AnswerShow Answer

stores today are near several others in one of five settings: the central business district,the community shopping center,the strip mall,the power center,or the __________.

Correct AnswerverifiedShow Answer

activities related to managing the store and the merchandise in the store,which includes retail pricing,store location,retail communication,and merchandise are referred to as the __________.

Correct AnswerverifiedShow Answer

Which of the following statements regarding telemarketing is most accurate?

Correct AnswerverifiedShow Answer

off-price retailer that requires customers to purchase an annual membership card for the privilege of shopping at the store is referred to as a __________.

Correct AnswerverifiedShow Answer

is the value of retailing for consumers and the economy?

Correct AnswerverifiedRetailing is an important marketing acti...View AnswerShow Answer

oldest retail setting,usually located in the community's downtown area,is referred to as

Correct AnswerverifiedShow Answer

Which type of outlet is most likely in its decline stage of the retail life cycle?

Correct AnswerverifiedShow Answer

stores today are in one of five settings that include all of the following EXCEPT:

Correct AnswerverifiedShow Answer

changes will likely occur in the future of retailing?

Correct AnswerverifiedRetailers in the future are likely to co...View AnswerShow Answer

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Retail outlets generally offer three lev...
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Retailing is an important marketing acti...
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Retailers in the future are likely to co...
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