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Q:

In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.

Statement:
(I) Major companies are nowadays surviving because of the strong supply chain system.
(II) Supply chain comprises of logistics, retailers and distributers.

Conclusions:
(I) Retailers play most important role because they interact with customers on first hand.
(II) If an organization has strong logistics, then product can easily be available to the customers in such an era of competition.

 

A) Only conclusion II follows B) Conclusion I and II both follow
C) Neither I nor II follow D) Only conclusion I follows
 
Answer & Explanation Answer: A) Only conclusion II follows

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

Q:

In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.


Statement:
(I) Retail shops increasingly want to retain potential buyers.
(II) 10 % of the customers are lost due to out of stock products.


Conclusions:
(I) People don't find their sizes or specific color in stock and then they leave the store without any purchase.
(II) Retailers want maximum footfall to get converted into purchases.

A) Only conclusion II follows B) Conclusion I and II both follow
C) Neither I nor II follow D) Only conclusion I follows
 
Answer & Explanation Answer: B) Conclusion I and II both follow

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

Q:

How do you get more retailers / customers for your business? What are the steps you would take?

Answer

Applicant should answer that being in a wholesale market, he/she would plan and direct advertising and promotional activities to attract more retailer suppliers. Promotional activities like posters, contests, coupons, give-away to create extra interest in the purchase of a product or services from customers or retailers.

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Subject: Retail