UNIT II – MERCHANDISE PLANNING AND MANAGEMENT
2 Marks Questions (Remembering)
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Define merchandise planning.
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What is assortment planning?
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What is category management?
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Define vendor selection.
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What do you mean by terms of purchase?
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What is an order cycle?
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Define open-to-buy (OTB) planning.
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What is GMROI?
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What is meant by the sell-through rate?
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Define cost-based pricing.
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What is market-based pricing?
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Define psychological pricing.
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What is visual merchandising?
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What do you mean by point of purchase (POP) communication?
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What is a private label?
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Define national brand.
5 Marks Questions (Understanding)
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Explain the process of merchandise planning.
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Describe the concept of assortment planning with examples.
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What is category management? Discuss its importance in retailing.
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Explain the key factors involved in vendor selection.
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Describe the terms of purchase and their significance in retail buying.
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Explain the open-to-buy (OTB) planning and its importance in budgeting.
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Discuss key merchandise performance metrics such as GMROI and sell-through rate.
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Explain the difference between cost-based and market-based pricing strategies.
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Describe the importance of psychological pricing in retail.
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Explain the role and objectives of visual merchandising.
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Discuss the importance of point of purchase communication in retail.
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Differentiate between private labels and national brands.
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What are the advantages of private labels for retailers?
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Explain how effective vendor management can improve merchandise performance.
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Describe the importance of budgeting in merchandise planning.
10 Marks Questions (Application/Analysis)
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Explain in detail the steps and importance of merchandise planning and assortment planning in retail.
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Discuss the concept of category management and its role in improving merchandise profitability.
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Evaluate the vendor selection process and explain how it affects merchandise quality and cost.
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Explain the concept of open-to-buy (OTB) planning and budgeting, and discuss how it helps control inventory.
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Analyze various merchandise performance metrics and their role in measuring retail efficiency.
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Discuss in detail different pricing strategies and their relevance in the retail sector.
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Evaluate the strategic role of visual merchandising and POP communication in influencing consumer buying behavior.
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Compare and contrast private labels and national brands with examples from Indian retail stores.
💼 UNIT III – RETAIL MARKETING AND CONSUMER BEHAVIOUR
2 Marks Questions (Remembering)
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Define retail marketing.
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What is consumer behavior in retail?
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Define STP in retail marketing.
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What is retail positioning?
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Define store loyalty.
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What is retail brand building?
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What are psychographics?
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Define shopping behavior.
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What is relationship marketing?
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Define retail promotion mix.
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What are in-store promotions?
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What is customer service?
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Define pre-sales service.
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What is after-sales service?
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What is a service gap?
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Define footfall analysis.
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What is mystery shopping?
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What is influencer marketing?
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Define M-commerce.
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What is digital analytics in retail?
5 Marks Questions (Understanding)
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Explain the relationship between retail marketing and consumer behavior.
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Describe the elements of retail marketing strategy (STP approach).
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Explain the concept of retail positioning and differentiation.
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Discuss the process of building a strong retail brand and achieving store loyalty.
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Explain demographic and psychographic factors influencing retail consumer behavior.
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Describe the concept and benefits of relationship marketing in retail.
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Explain the elements of the retail promotion mix.
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Discuss the importance of advertising and events in retail promotion.
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Explain the role of customer services in building brand loyalty.
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Describe the common causes of service gaps in retailing.
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Explain retail research methods such as surveys, footfall analysis, and mystery shopping.
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Discuss the role of IT and social media in modern retailing.
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Explain how influencer marketing and digital analytics enhance retail sales.
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What are direct retailing methods? Explain with examples.
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Discuss the importance of after-sales services and recovery strategies in retail.
10 Marks Questions (Application/Analysis)
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Discuss how retail marketing strategies (STP and positioning) help in gaining competitive advantage.
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Analyze the process of building retail brand loyalty through customer experience and service quality.
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Explain the role of consumer demographics, psychographics, and shopping behavior in designing retail strategies.
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Evaluate the importance of relationship marketing and customer retention in retail success.
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Discuss the role of the retail promotion mix in influencing consumer purchase decisions.
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Analyze the significance of customer services, service recovery, and handling service gaps in retail.
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Explain the various retail research techniques and their practical application in improving store performance.
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Evaluate how technology, social media, and e-retailing have transformed retail marketing practices.
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Discuss the different forms of direct retailing such as catalogues, tele-retailing, m-commerce, and subscription models.
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“Digital analytics and influencer marketing are reshaping the future of retail.” — Discuss with examples.