NRF Retail Industry Fundamentals Exam with Q and A

NRF Retail Industry Fundamentals Exam with Q and A A retail business, owned by shareholders and have centralized decision making for their multiple store locations is called ANSWER corporation In the retail product cycle, what step comes after distribution and products? ANSWER selling What item is a retail product ANSWER car tire A large facility that manufacturers sent large quantities of product to then distributed to stores is called ANSWER distribution center The period key term in retail for a period fo time that an item remains usable, or fir for consumption is called: ANSWER 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: ANSWER Omni-channel retailing What's considered a retail service? ANSWER car wash Merchandise without an expiration date like electronics, tools and home goods typically have longer ANSWER shelf life