Exam (elaborations)
NRF Retail Industry Fundamentals Exam Q&A
- Course
- Institution
NRF Retail Industry Fundamentals Exam Q&A
[Show more]
Seller
Follow
LeCrae
Reviews received
Content preview
NRF Retail Industry Fundamentals Exam Q&AA retail business, owned by shareholders and have centralized decision
making for their multiple store locations is called ✔️ corporation
In the retail product cycle, what step comes after distribution and products?
✔️ selling
What item is a retail product ✔️ car tire
A large facility that manufacturers sent large quantities of product to then
distributed to stores is called ✔️ distribution center
The period key term in retail for a period fo time that an item remains usable,
or fir for consumption is called: ✔️ shelf life
Customers of a popular shoe store chain can purchase items in-store and on-
line or via their mobile app. the customer also receives texts and emails about
current promotions and sales. This is an example of: ✔️ Omni-channel
retailing
What's considered a retail service? ✔️ car wash
Merchandise without an expiration date like electronics, tools and home
goods typically have longer ✔️ shelf life
The repetitive cycle that occurs with retailers in regard to product assortment
is called: ✔️ the retail product cycle
Responsible for the production of finished products ✔️ manufacturer
People who purchase goods or services from a business are called: ✔️
customers
The selling goods and/or services to a customer is called ✔️ retail
What item is a retail sevice? ✔️ jewelry warranty
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now