Global Retail and Logistics Management Exam Questions

Inventory and Logistics Fundamentals

• The less frequently a product is ordered, the lower the inventory carrying costs: FALSE
• The term "logistics" management describes: TRUE
• Three of the world's five largest retailers: TRUE
• Trucks' capability is second only to water: FALSE
• Water transportation is rated "low": TRUE
• Which of the following transportation modes is fastest: Air

Global Retail Strategy and Market Entry

• The reason why Saks Fifth Avenue has licensed: TRUE
• The retail environment in developing countries presents: Mom-and-pop stores
• To motivate shopkeepers to stock more of P&G's products: Golden Store Program
• Walmart pulled out of Germany: TRUE
• What solution did Andersen Consulting provide: Package the bread in plastic bags
• When a company uses intermodal shipping: Using land and water shipping
• When British entrepreneur Richard Branson established the first Virgin Megastore in France, he invested a great deal of money to: Culturally close and easy to enter
• When British entrepreneur Richard Branson established the first Virgin Megastore in Japan, he established a joint venture: Culturally distant and difficult to enter
• When British entrepreneur Richard Branson: TRUE
• When Carrefour, Tesco, or Walmart set up operations: FALSE
• When utilizing the services of a local distributor: FALSE
• When companies adopt "indirect involvement": Establish their own sales force
• When Walmart entered the German market, they competed against: Hard discounters
• When Walmart stores first expanded into Mexico: Culturally distant and difficult to enter
• Which approach to retail expansion is most appropriate: Franchise
• Which country has the biggest market for Tupperware: Indonesia
• Which of the following categories best describes a hypermarket: Many product categories, own-label focus
• Which of the following correctly characterizes a specialty store: Few product categories, manufacturer brand focus
• Which of the following correctly characterizes a convenience store: Few product categories, own-label focus
• Which of the following does not qualify as a "category killer": Victoria's Secret
• Which of the following is an appropriate guideline for international expansion: All of the above are appropriate guidelines
• Which of the following is not an appropriate guideline: Give local distributors control over marketing strategy
• Which of the following is the largest retailer: Walmart
• Which of the following most accurately describes distribution channels: Consumer channels tend to be longer (consist of more intermediaries) than industrial channels
• Which of the following statements is not correct: Home Depot pulled out of China
• Which personal computer company began by selling directly to consumers: Dell

Industry Scandals and Legal Context

• The scandal about finding horse meat: It is legal to produce horse meat in the United States