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Livemcqs.comRetail Management MCQ Questions And Answers PDF1. Facilitates the creation and execution of contracts and performance against those contracts.a. e-Procurementb. Contract Managementc. Business intelligenced. E-TourAnswer: b2. It is a browser–based solution that delivers an intuitive, easy-to-use requisition system.a. PROACTISb. INVESCOc. IPOSd. eREQUISITIONAnswer: c3. Sauflon saw the main benefits of e-Fulfillment as:a. Increased data securityb. Increased speed to response timec. Reduced (or no) transcription errors andd. All of the aboveAnswer: d4. The marketing and selling of goods or services using internet-based computing andcommunication.a. e-Businessb. e-Commercec. e- Fulfillmentd. e- ThematicAnswer: b5. The technical solution for accessing item-related information is:a. Read ePC from e-tagLivemcqs.com

Livemcqs.comb. Get network address from ONSc. Retrieve product information based on software agents that share information in a peer-to-peerfashiond. All of the aboveAnswer: d6. The of installation of the software components is also important for rapid implementation inthe logistics network.a. Leannessb. Simplicityc. Both a and bd. None of the aboveAnswer: c7. enforces privacy policy set by the policy engine.a. Consumer agentb. Tag authenticationc. RFID tagsd. Reader coreAnswer: a8. It refers to the system installed in a Retail Outlet, which substantially automates the BillingProcess using the information on Products & Prices from the database.a. TCOb. POSc. HP-POSd. DOSAnswer: b9. is a group of substitutable products, and is a group of commodities sharing a common useor function.a. Family, classb. Commodity, classc. Business function, CommodityLivemcqs.com

Livemcqs.comd. Segment, classAnswer: b10. The UNSPSC can be embedded in:1. Resource planning2. Purchasing3. Accounting4. Databasea. 1, 2, 3b. 1, 2, 3, 4c. 2, 3, 4d. 1, 3, 4Answer: b11. The and is a symbology specifically designed for assisting the commercial activities ofproduct awareness, discovery, and spend analysis.a. UNSP and Service Codeb. UCC and EAN bar codesc. UNSPSC and Service coded. None of the aboveAnswer: a12. The unused capacity in networks of PCs is usually during the day and outside it.a. 98%, 95%b. 85%, 100%c. 76%, 29%d. 86%, 34%Answer: b13. suppliers will be able to walk customers through potential designs, more effectively thantheir current approaches.a. Kitchenb. BedroomLivemcqs.com

Livemcqs.comc. Both a and bd. Living roomAnswer: c14. A product or service is classified with others that serve or support:a. Common functionb. Purposec. Taskd. All of the aboveAnswer: d15. is the identification of relevant suppliers of a specific product or service, while reportingon the use of funds.a. Product awareness, Resource discoveryb. Resource discovery, expenditure analysisc. Product awareness, expenditure analysisd. Both b and cAnswer: b16. The combination of and can translate into real problems for business decision-makers atevery level of a retail organization.a. Challenges & constraintsb. Industry changes, Business challengesc. Industry-wide challenges, technology constraintsd. All of the aboveAnswer: c17. needs to monitor and manage margins, shrinkage, and who want to hit revenue targetsand improve customer relations.a. Department managers, Merchandising executivesb. Financial officers, Sales personnelc. Business leaders, Merchandising executivesd. None of the aboveLivemcqs.com

Livemcqs.comAnswer: a18. Mobile access to warehouse processes for:a. Stocking, Restockingb. Discarding, returningc. Distribution, substitutiond. Both a and bAnswer: d19. is the additional servers that can be implemented as more users and locations are broughtin, whereas is the electronic document exchange implemented with partners.a. Scalability, Integrationb. Layer technology, Global accessc. Layer technology, Scalabilityd. Global access, integrationAnswer: a20. Increase the quantity of a replenishment order can be increased to meet the demand. Theexceptions are:a. The supply is linked directly to some other demandb. It is a reorder point that has caused the situationc. Both a and bd. It is limited due to a defined maximum order quantityAnswer: c21. The planning system does not analyze which orders can be changed and which should beprotected except for the following cases:a. A transfer orderb. A released production order that has been startedc. Adequate quantity to be suppliedd. Both a and bAnswer: d22. Besides the normal requirements, the planning system deals with:Livemcqs.com

Livemcqs.coma. Safety stockb. Buffer stockc. Production order componentsd. Both a and cAnswer: d23. calculate all selected items, whether it is necessary or not and calculate only thoseselected items that have had some change in their demand-supply pattern.a. Generative plan, regenerative planb. Regenerative plan, Net change planc. Change plan, net change pland. None of the aboveAnswer: b24. Local shops can be known as stores in the United States.a. Departmental storesb. Brick & Mortarc. Super stored. MegastoreAnswer: b25. With a and , customers want new, different, and customized goods now, and they arenot willing to wait.a. Fast-paced society, Faster paced technological changesb. Society, Marketc. Internal environment, external environmentd. IT technique, Fast-paced societyAnswer: a26. The retailer would need and software to run on top of its existing database.a. CRM, OLAPb. State logix, Retek CRMc. Talisma, SiebelLivemcqs.com

Livemcqs.comd. None of the aboveAnswer: a27. The capability and performance of people need to be enhanced to drive down operational costs:a. Impacting market share and profitabilityb. Impacting operational costc. Both a and bd. Consumer shopping satisfaction researchAnswer: c28. to one that has the same purpose and to make a local balance within the same purpose.a. Match link, Close linkb. Match type, Close typec. Close demand, close supplyd. None of the aboveAnswer: a29. The first and foremost method of retail is:a. Counter serviceb. Self-servicec. Online shopsd. Cost-plus pricingAnswer: a30. In a , a retailer sells to consumers through multiple retail formats, such as websites, physicalstores.a. Multi-channel retailingb. Retail managementc. Counter sellingd. Retail strategyAnswer: aLivemcqs.com

Livemcqs.com31. Retail business generates an enormous amount of information that would be very valuable if onecould:a. Collect it quickly, reliably, and efficientlyb. Analyze it to make sense of the past and plan future decisionsc. Distribute it to the right people in your organization so they can act on itd. All of the aboveAnswer: d32. Small grocery stores that are run by individuals or families and cater to their immediateneighborhood or locality.a. Brick and mortar storesb. Mom-and-pop storesc. Departmental storesd. Kirana storesAnswer: b33. The planning system prioritizes according to since that is the best way to ensure the lowestpossible inventory.a. Packaging dateb. Delivery datec. Shipment dated. Distribution dateAnswer: c34. represent anticipated demand.a. Forecastb. Blanket orderc. Both a and bd. None of the aboveAnswer: c35. A can be regarded as an item at a specific location.a. SBULivemcqs.com

Livemcqs.comb. SKUc. Order trackingd. Multi-locationAnswer: b36. The , despite its name, acts more like a sub-location than just a shelf in a warehouse.a. Bar codeb. Bin codec. Zip coded. Pin codeAnswer: b37. The planning system controls that by running through the:a. Inventory profileb. Outer loopc. Order quantityd. Transfer orderAnswer: a38. Demand exists but there is no supply:a. The planning has finishedb. Supply should be suggestedc. Supply should be canceledd. No demand or supply existsAnswer: b39. If the supply quantity is than the demand, it is possible that the supply quantity could bedecreased.a. Increasedb. Decreasedc. More thand. Less thanAnswer: cLivemcqs.com

Livemcqs.com40. Rescheduling could be ruled out because:a. The supply has already been tied up to another demand on a previous dateb. The rescheduling is so minimal that the user has defined it as negligiblec. The supply is linked directly to some other demandd. Both a and bAnswer: d41. A reorder point represents demand duringa. Peak timeb. Lead timec. Seasond. None of the aboveAnswer: b42. The planning system checks that the item carries a production forecast or a sales order.a. MRPb. MPSc. SKUd. SBUAnswer: b43. It is a system of technologies and processes that senses and responds to real-time demandacross a network of customers, suppliers, and employees.a. Demand-driven Retailingb. Supply chain managementc. Customer relationship managementd. Demand statisticsAnswer: a44. It stops junk e-mail in its tracks.a. Firewallb. Anti-spamLivemcqs.com

Livemcqs.comc. Anti-virusd. All of the aboveAnswer: b45. SAP implementation project was divided into phases.a. Twob. Onec. Threed. DoubleAnswer: c46. Identify optimum business rules and leverage your corresponding business logic across yourretail chain.a. Enhance process controlb. Streamline systems managementc. Separate application code from business logicd. Leverage powerful enterprise integration busAnswer: a47. The ability to exchange information electronically is central to the effective conduct of ecommerce.a. E-mailb. E-messagingc. EANd. E-businessAnswer: b48. The Global Commerce Initiative (GCI) is a global user group, created ina. 1998b. 1987c. 1999d. 1983Answer: cLivemcqs.com

Livemcqs.com49. is defined as being the continuous and automated exchange of master data between tradingpartners.a. Data synchronizationb. Data standardizationc. Data classificationd. Data rationaleAnswer: a50. The is a global service for the registration and validation of items and provides globalcapability.a. Global Commerceb. Global registryc. Global data interchanged. Global integrityAnswer: b51. Retailers are totally dependent on the GTNs to support their:a. Ordering systemb. Stock management systemc. Point Of sale systemd. All of the aboveAnswer: d52. The most costly element of the international comparison program (ICP) is the construction of:a. Purchasing power paritiesb. Point of Salec. EDIFACTd. GTNAnswer: a53. Build your business on a solid transactional backbone and integrate different sales channels,better understand customer preferences, and leverage customer information.a. Supply chain executionLivemcqs.com

Livemcqs.comb. Multi-channel retailingc. Purchasingd. Category managementAnswer: b54. It is the near-unanimous choice of experienced ERP implementers as the most underestimatedbudget item.a. Developmentb. Trainingc. Coachingd. MentoringAnswer: b55. The project addresses the area of e-logistic, focusing specifically on e-fulfillment.a. e-Thematicb. e-businessc. e-Commerced. None of the aboveAnswer: a56. It refers, in a broad sense, to the conversion of activities and processes throughout an enterpriseinto an electronic-based system.a. e-Thematicb. e-businessc. e-Commerced. None of the aboveAnswer: b57. model allows for improved efficiencies throughout the supply chain and set up an ordermanagement system.a. e- Businessb. e- commercec. e-ThematicLivemcqs.com

Livemcqs.comd. Both a and bAnswer: a58. It refers to more than setting up an internet-enabled front office.a. e-Thematicb. e-businessc. e-Commerced. e-FulfillmentAnswer: d59. It provides a set of computer tools to assist transport operators in planning their transportservices.a. MOSCAb. IBOSc. Parcel Calld. Multi-modalAnswer: a60. The possible future directions of ECG:a. Extension to other modes of transport and/or to other logistics services.b. Opening of the marketplace to other interested groups.c. Investigating more sophisticated IT solutions.d. All of the aboveAnswer: dLivemcqs.com

a. Match link, Close link b. Match type, Close type c. Close demand, close supply d. None of the above Answer: a 29. The first and foremost method of retail is: a. Counter service b. Self-service c. Online shops d. Cost-plus pricing Answer: a 30. In a _, a retailer sells to consumers through multiple retail formats, such as websites, physical .