Retail
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:
In the planning process for expanding its product range, what should ABC Retail Chain do after developing premises?
Option 1: Identifying various courses of action
Option 2: Evaluating alternative courses of action
Option 3: Setting objectives and goals
Option 4: Allocating resources
Correct Answer: Identifying various courses of action
Solution : The correct answer is (a). Identifying various courses of action
Once the premises are established, the next logical step is to identify different courses of action or strategies that align with the assumptions made during the premises development. This step involves
Question : In which of the following sectors 100% FDI inequity in India is not permitted as per India’s FDI policy?
Option 1: Wholesale trading
Option 2: Single-brand product retail trading
Option 3: E-commerce activities
Option 4: Multi-brand product retail trading
Correct Answer: Multi-brand product retail trading
Solution : The correct option is Multi-brand product retail trading.
The Foreign Direct Investment (FDI) policy of India stipulates limitations on the amount of 100% FDI in equity that can be invested in multi-brand goods retail commerce. There are restrictions on the amount
Question : Case Study 3:
PQR Enterprises is a retail company that has been affected by changes in government policies related to taxation. The company needs to adapt its operations to comply with the new policies and minimize the impact on its profitability.
Q:- What is the business environment factor affecting PQR Enterprises in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Government policies
Option 4: Social environment
Correct Answer: Government policies
Solution : The correct answer is (C) Government policies
The business environment factor affecting PQR Enterprises in this case is government policies, particularly those related to taxation. Changes in government policies can have a significant impact on a business, and in this scenario, PQR Enterprises needs
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 : Case Study:
XYZ Sports Equipment uses a combination of retail stores and its own online platform to sell its products. This distribution strategy enhances accessibility for customers. What strategy is this?
Option 1: Exclusive Distribution
Option 2: Dual Distribution
Option 3: Intensive Distribution
Option 4: Direct Distribution
Correct Answer: Dual Distribution
Solution : The correct answer is (b) Dual Distribution.
Dual distribution involves using both direct and indirect distribution channels to reach customers. In this case, XYZ Sports Equipment sells its products directly through their own online platform and indirectly through retail stores, providing customers with multiple
Question : Case Study: ABC Retail Chain (Continued)
The next step ABC Retail Chain should take after evaluating alternative courses of action is:
Option 1: Selecting an alternative
Option 2: Developing premises
Correct Answer: Selecting an alternative
Solution : The correct answer is (a). Selecting an alternative
Once ABC Retail Chain has evaluated the various courses of action, the next logical step is to select the most appropriate alternative based on the evaluation criteria. This involves making a decision and choosing the
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:- What does the term "government regulations" refer to?
Option 1: The process of reducing government intervention in the economy
Option 2: The process of nationalizing private companies
Option 3: The rules and guidelines set by the government for businesses and industries
Option 4: The process of promoting import restrictions
Correct Answer: The rules and guidelines set by the government for businesses and industries
Solution : The correct answer is (C) The rules and guidelines set by the government for businesses and industries
The term "government regulations" refers to the rules and guidelines set by the government for businesses and
Q:- What is the business environment factor affecting ABC Ltd. in this case?
The business environment factor affecting ABC Ltd. in this case is government policies. The challenges the company faces in meeting government regulations related to packaging and waste management are directly related to regulatory policies set by the
Solution : The correct answer is (c) Order.
The principle of "Order" in management emphasizes organizing resources and activities in the most efficient and effective manner. This includes providing clear instructions, arranging tasks in a logical sequence, and ensuring that there's a place for everything and everything
Q:- Which dimension of the business environment is highlighted in this case?
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Correct Answer: Political environment
Solution : The correct answer is (D) Political environment
The dimension of the business environment highlighted in this case is the political environment. The case involves changes in government policies related to taxation, which fall under the political environment. This dimension includes government regulations, policies, and
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