Retail Industry Fundamentals Practice Exam Questions And All Correct Answers.
2 views 0 purchase
Course
Retail Industry Fundamentals
Institution
Retail Industry Fundamentals
Which of the following is most likely to be a role in a retail career?
A. Buyer
B. Mechanic
C. Babysitter
D. Therapist - Answer A. Buyer
From the list below, select the business in the retail industry.
A. Doctor's office
B. Department store
C. Car Repair Shop
D. City Park - Answer ...
Retail Industry Fundamentals Practice
Exam Questions And All Correct
Answers.
Which of the following is most likely to be a role in a retail career?
A. Buyer
B. Mechanic
C. Babysitter
D. Therapist - Answer A. Buyer
From the list below, select the business in the retail industry.
A. Doctor's office
B. Department store
C. Car Repair Shop
D. City Park - Answer B. Department Store
A Person or a company that sells goods and/or services to a customer is called a
A. seller
B. customer
C. consumer
D. retailer - Answer D. retailer
What's considered a retail service?
A. Car wash
B. New car
C. Car engine repair
D. New car tires - Answer A. Car wash
,What item is a retail product?
A. Car tire warranty
B. Car tire repair
C. Car tire
D. Car tire installation - Answer C. Car tire
Which of the following skills are most helpful for a salesperson?
A. Active listening and communication
B. Quickness and accuracy
C. Addition and subtraction
D. Creativity and judgement - Answer A. Active listening and communication
The physical goods (that can be touched) that can be bought and sold:
A. Services
B. Products
C. Items
D. Commerce - Answer B. Products
Buys large quantities of product from manufacturers and sells them to retailers:
A. Wholesaler
B. Service Seller
C. Franchiser
D. Warehouse - Answer A. Wholesaler
What organization oversees and controls workplace safety regulations?
A. SOTP
B. FLSA
C. FMLA
D. OSHA - Answer D. OSHA
, In the retail product cycle, what step comes after distribution of products?
A. Selling
B. Selection
C. Allocation
D. Distribution - Answer A. Selling
The period key term in retail for a period of time that an item remains usable, or fit for consumption, is
called:
A. Expiration
B. Shelf Life
C. Inventory
D. Spoiled - Answer B. Shelf Life
The term for distributing merchandise from the manufacturer to retail locations is called:
A. Receiving
B. Refreshing
C. Updating
D. Allocation - Answer D. Allocation
When distribution team members use replenishment reports to retrieve quantities of items to be sent to
stores they are:
A. Packing
B. Picking
C. Sending
D. Mixing - Answer B. Picking
Merchandise without an expiration date like electronics, tools and home goods typically have a longer:
A. Run Time
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 TestSolver9. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
