please find true or false and short questions answer and long questions answer
Answers
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True or False
4. Information in the form of feedback can greatly contribute to product improvement by consumer.
True
5. 5. A wholesaler acts as a link between the manufacturer or producer, and the retailer.
True
Short answer questions
Q.What do you understand by the term 'Retail"?
•Retail, by definition, is the sale of goods or service from a business to a consumer for their own use. A retail transaction handles small quantities of goods whereas wholesale deals with the purchasing of goods on a large scale.
Q.Which activities of the retailer creates value addition or utility to the customers?
•In easy terms, the function of retailing is to sell products to final consumers by an individual or a firm. The retailer provides the products and services that the customer needs, in the required quantity, at the right place and time. This activity of the retailer creates value addition or utility to the customers.
Long answer questions
Q.What are the essential requirements of a retailer?
•Make Customer Satisfaction Your Hallmark.
-Know Your Market.
-Keep House like the Big Boys.
-Decide That You Will Never Lose a Client to a
Competitor.
-Follow the Principles of Profitable Cash Management
-Maximize Profits through Impulse Sales.
-Adhere Strictly to Scientific Inventory Control.
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