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Strategic Retail Perspectives 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. Which of these is an example of an accelerator in retail?

Question 2 2. What is an accelerator in retail?

Question 3 3. A disruptor in the retail industry is _____.

Question 4 4. Which of these is an example of a disruptor in the retail space?

Question 5 5. What is meant by an inflection point in retail?

Page 2

Question 6 6. Which company has contributed to shifting consumer expectations, causing decline for many traditional retailers?

Question 7 7. Which of the following describes one way in which Blackberry, a popular smartphone maker in the 2000s, failed to meet its consumers' needs?

Question 8 8. As a business, failure to innovate _____.

Question 9 9. This group of consumers represents a shift in demographics that many retailers have had difficulty keeping up with.

Question 10 10. What does it mean when businesses enter the retail life cycle phase of decline?

Page 3

Question 11 11. What are the two ends of the spectrum that, in many ways, replaced the ideas of first, second and third world economies, even though some of those terms are still used?

Question 12 12. In which of the five stages of economic development is most labor focused on agriculture and other necessities for survival?

Question 13 13. Which of the following is NOT one of Rostow's five stages of economic development?

Question 14 14. Which of the five stages of economic development takes place over approximately 60 years?

Question 15 15. In the field of economics, which numbered 'world' term meant a country that was in its drive to maturity or beyond, but was a Communist-ruled country?

Page 4

Question 16 16. Western cultures tend to see time as _____, meaning it has an expiration and a cost.

Question 17 17. Cultures that place importance on _____ will not question their leaders or tell management when they have done something incorrectly.

Question 18 18. When planning a business strategy, it is important to consider that some _____, such as some types of meat, are not marketable with certain cultures.

Question 19 19. A company may choose to enter an international market through a _____ or type of partnership with shared ownership in cultures where locals are skeptical of external businesses.

Question 20 20. _____ impact who should be sent to make a business deal and how much personal information should be shared with a business partner.

Page 5

Question 21 21. What is meant by a retail lifecycle?

Question 22 22. When a business enters the maturing stage, which of the following is an important step?

Question 23 23. Each level of the retail lifecycle is based on _____.

Question 24 24. A new business, like Amazon's grocery store Amazon Go, falls into which retail lifecycle category?

Question 25 25. Profits are increasing and new products, services, and opportunities are being realized during the _____ stage.

Page 6

Question 26 26. When considering general environment, which of the following statements is TRUE?

Question 27 27. The _____ environment has an impact on how a company operates and consists of international interactions that are out of a company's control.

Question 28 28. The _____ includes the politics, economy, technology, and culture of a company operating in the global environment.

Question 29 29. _____ influences the general environment that a company operates in by influencing the tools it uses to produce and sell goods. It can also influences how a company communicates with its customers.

Question 30 30. Which environment directly influences a company's ability to make, sell, and deliver their products?

Strategic Retail Perspectives 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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