8/7/2020 Introduction to Retail Management - - Unit 2 - Week 1: Understanding Retail Business

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Unit 2 - Week 1: Understanding Retail Business

Course
outline Week 1 Graded Assessment
Week 0 Your last recorded submission was on 2020-07-15, 13:52 Due date: 2020-10-31, 23:59 IST.
IST
Week 1:
Understanding Graded Assessment
Retail Business The following questions are part of the graded assessment for this week.

Weekly
Overview 1) Priya is associated with SS Bazaar which is an Indian department store chain with more 1 point
(unit? than 30 stores in India. Her job is to decide what items and stock would be available in which store at
unit=6&lesson=8) what time period. She is doing the role of ______________.
What is
Retailing ?
(unit?
unit=6&lesson=9) Buying function
How does Store manager
Retail business Merchandise manager
works ? (unit?
unit=6&lesson=10) None of the above

Charcterstics
of Retail
2) Which of the following correctly defines the term Stock out? 1 point
Buiness (unit?
unit=6&lesson=11)
Delayed Delivery of a product
Roles &
Responsibilities
Unavailability of items in store
in Retail Product in Transit

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8/7/2020 Introduction to Retail Management - - Unit 2 - Week 1: Understanding Retail Business

Business (unit? Stock outside the store – waiting to get inside

unit=6&lesson=12)

Retail
Focus/Significance 3) Note: Make sure you select one of the correct options—there is only one correct option! 1 point
of Retail Which of the following element of marketing mix has the function of providing time utility to end
Business (unit?
consumer?
unit=6&lesson=13)

Manufacturer – Product
Retailer
Price
Relationship
Change (unit? Promotion
unit=6&lesson=14) Place
Terminologies People
in Retail
Process
Business (unit?
unit=6&lesson=15)

Summary 4) Retail is a business activity involved in selling goods and services to …………. for their 1 point
(unit? personal use.
unit=6&lesson=16)

Quiz : Week 1
Wholesaler
Graded Retailer
Assessment
Distributor
(assessment?
name=7) Dealer
End consumer
Week 2: Retail
Manufacturer
Formats &
Strategies Academic institutions, Hotels or Jails
None of the above
Week 3: Retail
Competition &
Retail Strategy 5) Note: Make sure you select one of the correct options.This question has only one 1 point
correct option!
Week 4: Who is the final decision maker regarding the goods and services that are made available in any
Financial
apparel and lifestyle based retail store?
Strategy for
retail business
Merchandiser
Week 5: Buying Team
Merchandise
Brand managers
Management
Store manager
Week 6: Retail
Pricing &
Promotion You may submit any number of times before the due date. The final submission will be
considered for grading.
Submit Answers

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8/7/2020 Introduction to Retail Management - - Unit 2 - Week 1: Understanding Retail Business

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