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NRF RETAIL INDUSTRY
FUNDAMENTALS EXAM 2026
QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
A retail business, owned by shareholders and have centralized
decision making for their multiple store locations is called - correct
answer -corporation
In the retail product cycle, what step comes after distribution and
products? - correct answer -selling
What item is a retail product - correct answer -car tire
A large facility that manufacturers sent large quantities of product
to then distributed to stores is called - correct answer -distribution
center
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The period key term in retail for a period fo time that an item
remains usable, or fir for consumption is called: - correct 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: - correct answer -Omni-channel retailing
What's considered a retail service? - correct answer -car wash
Merchandise without an expiration date like electronics, tools and
home goods typically have longer - correct answer -shelf life
The repetitive cycle that occurs with retailers in regard to product
assortment is called: - correct answer -the retail product cycle
Responsible for the production of finished products - correct
answer -manufacturer
NRF RETAIL INDUSTRY
FUNDAMENTALS EXAM 2026
QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
A retail business, owned by shareholders and have centralized
decision making for their multiple store locations is called - correct
answer -corporation
In the retail product cycle, what step comes after distribution and
products? - correct answer -selling
What item is a retail product - correct answer -car tire
A large facility that manufacturers sent large quantities of product
to then distributed to stores is called - correct answer -distribution
center
, Page | 2
The period key term in retail for a period fo time that an item
remains usable, or fir for consumption is called: - correct 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: - correct answer -Omni-channel retailing
What's considered a retail service? - correct answer -car wash
Merchandise without an expiration date like electronics, tools and
home goods typically have longer - correct answer -shelf life
The repetitive cycle that occurs with retailers in regard to product
assortment is called: - correct answer -the retail product cycle
Responsible for the production of finished products - correct
answer -manufacturer
