Retail
Question : Case Study:
XYZ Fashion Retail offers a limited-time discount on its clothing line to celebrate its anniversary. Which sales promotion technique is being used here?
Option 1: Samples
Option 2: Premiums
Option 3: Discounts
Option 4: Point-of-Purchase Displays
Correct Answer: Discounts
Solution : The correct answer is (c) Discounts.
A discount involves reducing the price of a product or service for a specific period to stimulate sales. In this case, offering a limited-time discount on its clothing line to celebrate its anniversary is an example of a discount
Question : Case Study: ABC Retail Corporation aims to improve efficiency by optimizing work methods and eliminating unnecessary actions. Which scientific management technique is appropriate for this purpose?
Option 1: Time study
Option 2: Motion study
Option 3: Method analysis
Option 4: Fatigue study
Correct Answer: Method analysis
Solution : The correct answer is (c) Method analysis.
Method analysis involves analyzing and studying each step of a work process to determine the most efficient and effective way to perform a task. This technique aims to streamline work methods, eliminate unnecessary actions, and find the
Question : Case Study: XYZ Retail Company believes in providing clear and precise instructions to its employees to streamline operations. This aligns with which principle of management?
Option 1: Unity of direction
Option 2: Scalar chain
Option 3: Order
Option 4: Unity of command
Correct Answer: Order
Solution : The correct answer is (c) Order
The principle of "Order" in management emphasizes organizing and structuring the workplace to provide clear and precise instructions to employees. It involves arranging resources and activities in a systematic manner to ensure efficiency and effectiveness in operations. XYZ Retail
Question : Bharat and Bhushan are partners in a retail business. Balances in their Capital and Current Accounts as on 31st March, 2020 were:
Rs. 50,000
Rs. 10,000 (Dr.)
The firm earned an average profit of Rs. 90,000. If the normal rate of return is 10%, value of goodwill.
Option 1: Rs 4,20,000
Option 2: Rs 4,10,000
Option 3: Rs 13,80,000
Option 4: None of these
Correct Answer: Rs 4,20,000
Solution : Answer = 4,20,000
Capitalised Value of the Business = = Rs. 90,000 x = Rs. 9,00,000
Capital employed R= 2,00,000+2,40,000+50,000-10,000=4,80,000
Goodwill =Rs 9,00,000-4,80,000= Rs 4,20,000. Hence, the correct option is 1.
Question : Case Study: ABC Retail Chain
ABC Retail Chain is a popular brand with multiple stores across the country. They are planning to expand their product range by adding organic and eco-friendly products. Question:
The importance of planning for ABC Retail Chain in expanding their product range includes:
Option 1: Enhancing the decision-making process
Option 2: Limiting financial resources
Option 3: Ignoring external factors
Option 4: Restricting employee autonomy
Correct Answer: Enhancing the decision-making process
Solution : The correct answer is (a) Enhancing the decision-making process
Planning is crucial for making informed and effective decisions. In the context of expanding the product range, planning helps ABC Retail Chain analyze market trends, consumer preferences, and competitive landscapes. It enables them
Question : Right Retail Ltd., an unlisted (Non-NBFC/HFC) company, had 10,000, 12% Debentures of Rs. 100 each outstanding for redemption as follows: On 31st March 2019 2,000 Debentures, On 31st March 2020 3,000 Debentures, On 31st March, 2021 Balance Debentures.
Before the company redeems 5,000 debentures on 31st March 2021, how much of the amount transferred to DRR is
Option 1: Rs 50,000
Option 2: Rs 80,000
Option 3: Rs 1,00,000
Option 4: None of the above
Correct Answer: Rs 50,000
Solution : Answer = Rs 50,000
Before the company redeems 5,000 debentures on 31st March 2021, it should have a balance in DRR of not less than Rs. 50,000, i.e., 10 per cent of Rs. 5,00,000 being the nominal (face) value of Outstanding debentures ( Rs.
ABC Retail Chain is a popular brand with multiple stores across the country. The company is planning to expand its product range and enter new markets to attract a wider customer base.
What is the first step ABC Retail Chain should take in the planning process for its expansion?
Option 1: Setting objectives and goals
Option 2: Identifying potential risks
Option 3: Allocating resources
Option 4: Evaluating alternatives
Correct Answer: Setting objectives and goals
Solution : The correct answer is (a). Setting objectives and goals.
Setting objectives and goals is a crucial initial step in any expansion strategy as it helps define the direction and purpose of the expansion. By clearly outlining what the company aims to achieve,
Question : Case Study 17:
ABC Ltd. is a retail company that has been facing challenges in meeting government regulations related to packaging and waste management.
Q:- How can understanding government policies help ABC Ltd. in meeting regulations related to packaging and waste management?
Option 1: By seeking government subsidies
Option 2: By finding alternative suppliers
Option 3: By complying with the regulations and adopting eco-friendly practices
Option 4: By reducing the workforce
Correct Answer: By complying with the regulations and adopting eco-friendly practices
Solution : The correct answer is (C) By complying with the regulations and adopting eco-friendly practices
Understanding government policies can help ABC Ltd. in meeting regulations related to packaging and waste management by enabling the company to comply with
Question : Case Study 16:
JKL Enterprises is a retail company that is facing challenges due to changes in consumer preferences and lifestyle trends.
Q:- How can understanding the social environment help JKL Enterprises in dealing with changes in consumer preferences and lifestyle trends?
Option 1: By offering higher salaries and benefits
Option 2: By implementing flexible work hours
Option 3: By investing in market research and product development
Option 4: By outsourcing recruitment to external agencies
Correct Answer: By investing in market research and product development
Solution : The correct answer is (C) By investing in market research and product development
Understanding the social environment can help JKL Enterprises in dealing with changes in consumer preferences and lifestyle trends by enabling the company to invest in
Solution : The correct answer is (c) Method analysis
Method analysis, a scientific management technique, is appropriate for improving efficiency by optimizing work methods and eliminating unnecessary actions. It involves analyzing and breaking down a task into its constituent steps, studying each step, and identifying the
The Question containing Inaapropriate or Abusive Words
Question lacks the basic details making it difficult to answer
Topic Tagged to the Question are not relevant to Question
Question drives traffic to external sites for promotional or commercial purposes
The Question is not relevant to User
And never miss an important update
