Read the following passage to answer the given question based on it. Some words/phrases are printed in bold to help you locate them while answering some of the questions.Organized retail has ?fuelled? new growth categories like liquid hand wash, breakfast cereals and pet foods in the consumer goods

Read the following passage to answer the given question based on it. Some words/phrases are printed in bold to help you locate them while answering some of the questions.

Organized retail has ?fuelled? new growth categories like liquid hand wash, breakfast cereals and pet foods in the consumer goods industry accounting for almost 50% of their sales said data from market search firm Nielsen The figures showed some of these new categories got more than 40% of their business from modern retail outlets.The data also suggests how products in these categories reach the neighbourhood kirana stores after they have established themselves in modern trade
While grocers continue to be an important channel for the new and evolving categories we saw an increased presence of the high end products in modern trade For example premium products in laundry detergents dishwashing car air fresheners and surface care increased in availability through this format as these products are aimed at ?affluent? consumers who are more likely to shop in supermarket/hypermarket outlets and who are willing to pay more for specialized products
Some other categories that have grown exceptionally and now account for bulk of the sales from modern retail are frozen and With the evolution of modern trade our growth in this channel has been healthy as it is for several other categories Modern retail is an important part of our business said managing director Kellogg India.
What modern retail offers to companies experimenting with new categories is the chance to educate customers which was not the case with a general trade store Category creation and market development starts with modern trade but as more consumer start consuming this category they ?penetrate into other channels? said president food FMCG category Future Group the country?s largest retailer which operates stores like Big Bazaar
But a point to note here is that modern retailers themselves push their own private brands in these very categories and can emerge as a big threat for the consumers goods and foods companies
For instance Big Bazaar?s private label Clean Mate is hugely popular and sells more than a brand like Harpic in its own stores So there is a certain amount of conflict and competition that will play out over the next few years which the FMCG companies will have to watch out for said KPMG?s executive director (retail)
In the past there have been instances of retailers boycotting products from big FMCG players on the issue of margins but as modern retail become increasingly significant for ?pushing? new categories experts say we could see more partnerships being forged between retailers and FMCG companies Market development for new categories takes time so brand wars for leadership and consumer franchise will be fought on the modern retail platform A new brand can overnight compete with ?established? companies by trying up with few retailers in these categories president of Future Group added

Which of the following advantages do modern retail outlets provide for new categories of products as compared to general trade stores ?
1). Higher profit margins
2). Experimenting with new products
3). Competition with similar products
4). Better packing of the product

IBPS Books

---

Join Telegram Group

Answer This Question
Name:
Email:
Answer :
Sum of (3+5)
Submit:

Other Questions

1. In this question, a part of the sentence is given in bold. Below are given alternatives to the bold part at 1, 2 and 3 which may improve the sentence.Choose the correct alternative. In case no improvement is needed your answer is (4).The office is soon to be closed.

2. P: If all the requirements of the villages are satisfied there by itself, then the peasants will usefully utilize their spare time. Q: Let us consider the village artisans. R: This will also provide employment to all the educated people of the villages. S: Having discussed the problems and requirements of rural life.

3. In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. If fantasies could be real, everyone might have wanted an ______ cut-off point at which they could instantly block out all stre

4. Which of the phrases a:, b:, c: and d: given below each sentence should replace the phrase printed in bold type to make the sentence grammatically correct ?If the sentence is correct mark e: i. e. ?No correction required? as the answer

5. In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase. To reduce in extent or quantity

6. In the following question, one part of the sentence may have an error. Find out which part of the sentence has an error and click the option corresponding to it. If the sentence is free from error, click the 'No error' option. During monarchy, the King had emerged (A)/ as a staunch nationalist which he wanted (B)/ to crack down on democratic forces in the late 1800s. (C)/ No error (D)

7. Rearrange the parts of the sentence in correct order.The first cluePto the nature of this agendaQlies in the origin ofRthe smart city idea itself

8. A sentence/a part of the sentence is underlined. Four alternatives are given to the underlined part which will improve the meaning of the sentence. Choose the correct alternative and click the button corresponding to it. In case no improvement is needed, click the option corresponding to 'No improvement'. The machine took the ice down the airplane wings.

9. In the following question, out of the four alternatives, select the word similar in meaning to the word given. Aphorism

10. The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options. P: Banks, which garner the lion’s share of retail debt allocations, pegged down their term deposit i