Retail class test 02.05.24 Ques 1. Fill in the Blanks 1. The function of retailing is to sell products and services to the final __________________ by an individual or a firm. 2. The _____________________ has to be well informed about the product being sold. Ques 2. Multiple Choice Questions 1. The purpose of retail business is to__________________ (a) go for partnership (b) make maximum promotion (c) extend to other localities. (d) selling goods to customer 2. A retail store deals primarily with sales ____________________ in retailing. (a) volume. (b) location. (c) places (d) value Ques 3. What are the essential requirements of a retailer? (2 marks) Ques 4. Identify the services offered ...