1 Discuss the four main functions of retail operations.

2 Explain warehouse outlets and give examples.

3 Describe and give examples of non-store retailing options.

4 Differentiate between elastic and inelastic demand by giving an example for each.

5 Describe the basic functions of wholesalers

6 What activities does logistics marketing cover? Comment on how the change in channel design from indirect to direct may affect these activities, especially customer service.

7 What are the 4 main elements of the retail marketing mix? Provide details of each

8 Outline a major advantage and disadvantage of a manufacturer using just-in-time inventory management.