NRF Retail Industry Fundamentals Exam A Graded

A retail business, owned by shareholders and have centralized decision making for their multiple store locations is called - corporation In the retail product cycle, what step comes after distribution and products? - selling What item is a retail product - car tire A large facility that manufacturers sent large quantities of product to then distributed to stores is called - distribution center The period key term in retail for a period fo time that an item remains usable, or fir for consumption is called: - 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: - Omni-channel retailing What's considered a retail service? - car wash Merchandise without an expiration date like electronics, tools and home goods typically have longer - shelf life The repetitive cycle that occurs with retailers in regard to product assortment is called: - the retail product cycle Responsible for the production of finished products - manufacturer People who purchase goods or services from a business are called: - customers The selling goods and/or services to a customer is called - retail What item is a retail sevice? - jewelry warranty A person or a company that sells goods/or services to a customer is called a - retailer