NRF Retail Industry Fundamentals Exam questions and Answers Latest Update Fully Solved 100%
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NRF Retail Industry Fundamentals
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NRF Retail Industry Fundamentals
Merchandise without an expiration date like electronics, tools and home goods typically have longer -
shelf life
Which if the following key performance indicators can be used to measure whether each store is
meeting its sales goals? - number of sales per store location
In the retail product cyc...
NRF Retail Industry Fundamentals Exam
Merchandise without an expiration date like electronics, tools and home goods typically have longer -
shelf life
Which if the following key performance indicators can be used to measure whether each store is
meeting its sales goals? - number of sales per store location
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
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
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