NRF Retail Industry Fundamentals Exam with all Correct
& 100% Verified Answers |Latest Version |Already
Graded A+
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
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
People who purchase goods or services from a business are called: ✔Correct Answer-
customers
The selling goods and/or services to a customer is called ✔Correct Answer-retail
What item is a retail sevice? ✔Correct Answer-jewelry warranty
A person or a company that sells goods/or services to a customer is called a ✔Correct
Answer-retailer
& 100% Verified Answers |Latest Version |Already
Graded A+
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
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
People who purchase goods or services from a business are called: ✔Correct Answer-
customers
The selling goods and/or services to a customer is called ✔Correct Answer-retail
What item is a retail sevice? ✔Correct Answer-jewelry warranty
A person or a company that sells goods/or services to a customer is called a ✔Correct
Answer-retailer
