Reference no: EM132225317

1. Walmart’s success in the South Korean market indicates that a good value retailing approach is universal.

True

False

2. In the trickle-down fashion theory, fashion is inspired by:

a. the young

b. the elderly.

c. the wealthy/famous

d. the poor/needy

3. Early downtown shopping areas (CBDs) were thought out in great detail.

True

False

4. The wholesale prices of private labels are less than the wholesale prices of brands because:

a. private label prices do not include marketing costs.

b. private labels are more likely to be imports from low-wage countries.

c. consumers have a negative perception of private labels.

d. a, b, and c

5. A stock-to-sales ratio is related to:

a. markup

b. the breadth of an assortment in terms of sizes, styles, colors, and so on

c. profit.

d. a, b, and c

6. A manufacturers’ sales representative or agent is paid a salary by a manufacturer.

True

False