ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All of the following are functions of the retailer EXCEPT:
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They are located closer to consumers, making accessibility easy.
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They purchase from several manufacturers in large quantities
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They are able to provide advice to consumers on their purchases.
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A retailer may sell goods on credit to the consumer.
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Explanation:
Detailed explanation-1: -Production is not function of the retailer. It is the responsibility of the producer.
Detailed explanation-2: -Buying: A retailer buys a wide variety of goods from different wholesalers after estimating the customer’s demand. Storage: A retailer maintains a ready stock of goods and displays them in the shop. Selling: The retailer sells the goods in small quantities according to the demand taste and preference of consumers.
Detailed explanation-3: -Make it easy for consumers to get goods. The presence of the retail business is also a bridge between producers and consumers. Providing Benefits for Manufacturers and Wholesalers. Assist in Product Promotion. Observing the Market. 30-Nov-2022
There is 1 question to complete.