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Management Sciences 5307 MCQs [All-Courses]

Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

The separate firm engaged in wholesaling activities is classified as?

A outbound franchisor

B franchisee

C wholesaler

D franchisor

Review Detailed Answer

Correct Answer: wholesaler

Considering types of retailers, the stores that are located near your residence, carry limited product line and remain open for seven days are called?

A selective store

B extensive store

C exclusive store

D convenience stores

Review Detailed Answer

Correct Answer: convenience stores

The retail stores such as Wal-Mart and Target are examples of?

A specialty stores

B department store

C discount store

D super store

Review Detailed Answer

Correct Answer: discount store

The wholesaler who does not take title of market offering and represents sellers and buyers while performing fewer functions is considered as?

A web wholesalers

B brokers

C agent

D drop shippers

Review Detailed Answer

Correct Answer: agent

The retailer store ‘Sears’ is an example of?

A outbound store

B inbound store

C department store

D intensive store

Review Detailed Answer

Correct Answer: department store

The off-price retailer that sells limited brand names for grocery items or other variety, offering discount to customers who pay membership fees is called?

A factory outlets

B warehouse clubs

C factory clubs

D surplus center

Review Detailed Answer

Correct Answer: warehouse clubs

Considering types of retailer stores, the one which is low margin, high volume and offers self-service operations to serve consumers grocery needs is classified as?

A selective market

B super market

C extensive market

D exclusive market

Review Detailed Answer

Correct Answer: super market

The major product variables that retailers must consider includes?

A services mix

B product assortment

C store atmosphere

D all of above

Review Detailed Answer

Correct Answer: all of above

The concept which states that new retailers begin as low price and low margin retailers and then covert into high priced retailers they have replaced is called?

A wheel of mega retailers

B wheel of retailing concept

C cycle of retailers

D retailers discount concept

Review Detailed Answer

Correct Answer: wheel of retailing concept

The contractual agreement between wholesaler, service organization and manufacturer according to which business people have rights to own units is classified as?

A franchise

B relative stores

C chain stores

D off price voluntary stores

Review Detailed Answer

Correct Answer: franchise

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The separate firm engaged in wholesaling activities is classified as?

Considering types of retailers, the stores that are located near your residence, carry limited product line and remain open for seven days are called?

The retail stores such as Wal-Mart and Target are examples of?

The wholesaler who does not take title of market offering and represents sellers and buyers while performing fewer functions is considered as?

The retailer store ‘Sears’ is an example of?

The off-price retailer that sells limited brand names for grocery items or other variety, offering discount to customers who pay membership fees is called?

Considering types of retailer stores, the one which is low margin, high volume and offers self-service operations to serve consumers grocery needs is classified as?

The major product variables that retailers must consider includes?

The concept which states that new retailers begin as low price and low margin retailers and then covert into high priced retailers they have replaced is called?

The contractual agreement between wholesaler, service organization and manufacturer according to which business people have rights to own units is classified as?