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Managing Small 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!

Page 1

Question 1 1. Why is price important to specialty products?

Question 2 2. A _____ carries goods and sells them directly to the consumer.

Question 3 3. Why do producers of specialty products limit the retailers with which they will place their products?

Question 4 4. Which of the following is the best example of a specialty product?

Question 5 5. Which of the following is TRUE when it comes to store design and layout?

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Question 6 6. Which of the following are the biggest risks involved with starting an independent retail business?

Question 7 7. 2002 and 2007, how much did the overall sales grow at independent retailers?

Question 8 8. Independent retailers are businesses that are?

Question 9 9. What is the MAIN purpose of social media for a small retailer?

Question 10 10. What effect do drastic price discounts have on independent retailer profits?

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Question 11 11. What's the most fitting description of a specialty product?

Question 12 12. Which of these functions does an independent retailer need to manage?

Question 13 13. Which of the following is NOT a specialty product?

Question 14 14. When launching a small retail store, it's crucial to train employees on _____.

Question 15 15. What is the BEST explanation of the importance of location in retail?

Managing Small 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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