List some recent trends in retailing
What will be an ideal response?
The recent trends in retail include the following:
? New retail forms, such as "pop-up" stores that create buzz through interactive experiences and promote brands for a few weeks
? Giant retailers using information systems, logistical systems, and buying power to deliver good service and immense volumes of products at appealing prices
? Decline of middle-market retailers as shoppers move to discounters or further upscale
? Fast retailing, using supply chain and distribution systems to offer constantly changing product choices
? Use of technology to improve forecasts, control inventory costs, and place orders directly with manufacturers
? In-store technology used for shopper marketing
? Social media use to create social engagement
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Which of the following is true of a buyer's right of inspection?
A) Cost of inspection is shared by the seller and buyer if goods are conforming. B) Cost of inspection can be recovered from the seller if goods are nonconforming. C) Goods can only be inspected before shipment is made by the seller. D) Inspection has to be performed after the goods in the contract have been accepted.
Which of the following forms of business offers limited personal liability and alsothe choice to be taxed as either a corporation or as a partnership? ?
A. Limited liability partnership B. Limited liability company C. Corporation D. Sole proprietorship E. Partnership
Refer to the table. What percent of the time is the server busy?
A) 10% B) 33% C) 23% D) 70% E) 30%
According to the text, a true marketing decision support system should be interactive, which means:
A. managers can probe for trends, isolate problems, and ask "what if" questions B. managers that aren't skilled with computers can easily learn to use the system C. managers are able to sort, regroup, total, average, and manipulate data in various ways D. managers can give simple instructions and see immediate results E. managers can find optimum solutions to marketing problems