Managing Large Retail Stores Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. When conducting a business analysis, which of the following is not true?

Question 2 2. Jennifer is starting a new business and begins by writing her mission statement. Why is it important for Jennifer to write a mission statement?

Question 3 3. Who benefits from a vendor-managed inventory system?

Question 4 4. How does the vendor benefit in a vendor-managed inventory system?

Question 5 5. When conducting a business analysis, which group provides organization, strategic guidance, documentation, clarification, and assistance with political issues?

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Question 6 6. Who manages the inventory in a vendor-managed inventory system?

Question 7 7. Sylvia is a manager at an accounting services firm. She is designing a four-step process based on the functions of management, which include:

Question 8 8. Which one of the following is the BEST example of niche marketing?

Question 9 9. Jennifer walks past a conference room, and sees a meeting taking place inside. Even though she is not able to hear anything, she notices that someone is taking minutes. What kind of meeting is this likely to be? Why?

Question 10 10. Which is NOT an example of body language?

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Question 11 11. At what level are technical skills in a manager most important?

Question 12 12. Which of the following is the best explanation of a niche market?

Question 13 13. When Gluten Free Groceries receives the same identical products and quantities as last month from a wholesaler it is a _____.

Question 14 14. Which of the following people would be unlikely to attend a formal meeting?

Question 15 15. Which of the following is not a technique that can be used to define stakeholder requirements?

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Question 16 16. In this type of buying situation it is important for the business seller to provide a competitive argument to use their product line and a ton of information to help the business owner make an educated decision:

Question 17 17. Pick the answer choice that represents an example of organizing:

Question 18 18. Daniel manages a team that has missed their production goals for the past three months. After reviewing each employee's performance record, Daniel adjusted the sales goal to take additional quality control measures into consideration. Why is this an example of controlling?

Question 19 19. Pippy Cola Company is having a brainstorming session to generate ideas for new cola flavors. What type of meeting is this called?

Question 20 20. What kind of marketing campaign is a company running when it sends a unique message to each distinct target group?

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Question 21 21. What kind of marketing campaign is a company running when it sends the same marketing message to everybody?

Question 22 22. A full understanding of the mission statement is especially important for this group of people:

Question 23 23. Which of the following includes everyone in an organization who is part of the overall business purchase decision?

Question 24 24. When Gluten Free Groceries is making out the monthly order from a fish wholesaler, they decide to drop the tuna and add crab cakes. This is an example of a _____.

Question 25 25. The three managerial skills a manager should possess are:

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Question 26 26. Matthew manages a mobile phone retail store. He has set a specific sales goal for his team to achieve by the end of the month. Matthew created a detailed action plan to help reach the sales goal. Which managerial function has Matthew performed?

Question 27 27. A business analysis project _____________.

Question 28 28. Which of the following is not a problem with marketing to the general consumer population?

Question 29 29. Sam is the owner of a small dog daycare for small dogs. Which marketing strategy will work best for Sam?

Question 30 30. Which of these describes how often a mission statement should be reviewed?

Managing Large Retail Stores Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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