NRF RETAIL INDUSTRY FUNDAMENTALS EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS A+ GRADED PACKAGE DEAL

What kinds of things does a manufacturer produce? finished products Which of the following holds large quantities of product that are later sent either to retail locations or directly to customers? distribution center which of the following would NOT be a factor that affects which produc...

Account Takeover - ANS A type of economic fraud in which thieves steal customer login information and then use it to access their retailer loyalty accounts. Also called loyalty fraud. Active Listening - ANS A structured from of listening and responding that focuses the attention on the speake...

products - ANS physical goods that you can buy and sell services - ANS things that you pay for--someone's expertise--they are intangible things retail - ANS the process of selling products and services to customers in order to earn a profit customers - ANS people who purchase goo...

brick-and-mortar - ANS the presence of a physical storefront and face-to-face customer experiences closeout stores - ANS off-price stores that offer an assortment of brand-name merchandise at a significant discount off the manufacturer's price commercial cue - ANS advertising message ...

Retailer - ANS A person or company that sells goods and/or services to customers Wholesaler - ANS Buys large quantities of product from manufacturers and sells them to retailers Shelf life - ANS Refers to the amount of time an item remains usable, salable or fit for consumption The Re...