NRF RETAIL INDUSTRY FUNDAMENTALS EXAM QUESTIONS AND ANSWERS LATEST | 100% VERIFIED.

NRF RETAIL INDUSTRY FUNDAMENTALS EXAM QUESTIONS AND ANSWERS LATEST | 100% VERIFIED. 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 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 D. retailer What's considered a retail service? A. Car wash B. New car C. Car engine repair D. New car tires A. Car wash What item is a retail product? A. Car tire warranty B. Car tire repair C. Car tire D. Car tire installation 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 A. Active listening and communication The physical goods (that can be touched) that can be bought and sold: A. Services B. Products NRF RETAIL INDUSTRY FUNDAMENTALS EXAM QUESTIONS AND ANSWERS LATEST | 100% VERIFIED C. Items D. Commerce B. Products Buys large quantities of product from manufacturers and sells them to retailers: A. Wholesaler B. Service Seller C. Franchiser D. Warehouse A. Wholesaler What organization oversees and controls workplace safety regulations? A. SOTP B. FLSA C. FMLA D. OSHA D. OSHA In the retail product cycle, what step comes after distribution of products? A. Selling B. Selection C. Allocation D. Distribution 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 B. Shelf Life The term for distributing merchandise from the manufacturer to retail locations is called: A. Receiving B. Refreshing C. Updating D. Allocation 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 B. Picking Merchandise without an expiration date like electronics, tools and home goods typically have a longer: A. Run Time B. Conclusion C. End Date D. Shelf Life D. Shelf Life Who is responsible for making sure the safety exits aren't blocked and are free to be used in an emergency? A. Police Officer B. OSHA Officer C. Retail Employee D. Customer B. OSHA Officer What contributes to a negative brand? A. Inconsistent attributes and behaviors. B. Finding a way to go an extra step for the customer. C. Spending a little more time with customers. D. Knowing your customers backwards and forwards. A. Inconsistent attributes and behaviors