Retail App Testing Questions and Answers


Retail App Testing | Mock Test

1
A retailer in India is unfairly selling all its merchandise at prices below costs, which is driving the other retailers out of business. The other retailers decide to
a. RBI
b. SEBI
c. CCI
d. Retailers Association of India

Answer : CCI

2
A retailer offers three differently priced mango pickles produced by three different manufacturers. Which pricing technique the retailer is using?
a. Leader Pricing
b. Differential Pricing
c. Odd Pricing
d. Price Lining

Answer : Price Lining

3
The warehouse club retailer Costco employs which pricing strategy?
a. High Low
b. EDLP
c. PUF
d. Access Pricing

Answer : PUF

4
What does MSRP stand for?
a. Manufacture Specific Retail Price
b. Managed Supplier Retail Price
c. Manufacturerᅬs Suggested Retail Price
d. Mid Segment Retail Pricing

Answer : Manufacturerᅬs Suggested Retail Price

5
What is the full form of EDLP?
a. Every Day Lowest Pricing
b. Estimated Daily Lowest Price
c. Every Day Low Pricing
d. Estimated Daily Low Price

Answer : Every Day Lowest Pricing

6
The objective of providing Trading stamps as a mean of promotions is:
a. To induce customers to buy a product more frequently
b. Useful for drawing attention towards product improvement
c. When a new product is to be introduced
d. To boost up sales in off-season.

Answer : When a new product is to be introduced

7
The objective of providing Free Samples as a mean of promotions is:
a. To induce customers to buy a product more frequently
b. Useful for drawing attention towards product improvement
c. When a new product is to be introduced
d. To boost up sales in off-season.

Answer : When a new product is to be introduced

8
The objective of Exchange Schemes as a mean of promotions is:
a. To induce customers to buy a product more frequently
b. Useful for drawing attention towards product improvement
c. When a new product is to be introduced
d. To boost up sales in off-season.

Answer : Useful for drawing attention towards product improvement

9
A soap brand offers 4 pieces of soaps at the price of 3. What pricing technique is being used?
a. Multiple-Unit Pricing
b. Price Lining
c. Leader Pricing
d. Price Bundling

Answer : Multiple-Unit Pricing

10
A retailer in India is unfairly selling all its merchandise at prices below costs, which is driving the other retailers out of business. The other retailers decide to form a group and complain about the unfair practices of the concerned retailer to the government authorities. Which government body they should approach?
a. RBI
b. SEBI
c. CCI
d. Retailers Association of India

Answer : CCI

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