MCQOPTIONS
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| 1. |
If the focus of a retailer is to achieve leadership in cost, then which of the following phenomenon will hold good? |
| A. | Customers will like to have convenience and the retailers will also set up a number of stores at different locations in order to provide convenience to the customers. |
| B. | Customers will prefer a large variety of products and the retailer will also keep a large variety in the store in order to satisfy customer needs. |
| C. | Customers will prefer a large variety of products but the retailer will not keep a large variety in the store in order to achieve economies of scale. |
| D. | Customers will prefer short lead time for their products and the retailer will keep higher amount of inventory in order to satisfy customer needs in time. |
| Answer» D. Customers will prefer short lead time for their products and the retailer will keep higher amount of inventory in order to satisfy customer needs in time. | |