Business of Retail operations and profit Certification Exam Questions Answered Correctly – Expert Verified | Latest Version 2024/2025

____________ is a drawing or schematic diagram created to visually represent the store and the way the merchandise should be displayed on the sales floor. - Planogram ______________ describes using the manufacturer's suggested price as a pricing strategy used to prevent competitive pricing between retailers. - Vendor pricing _______________ is the inventory term that describes the ability to scan large volumes of inventory or tagged items at a time. - Retail Frequency ID A business' gross profit is $200 and its revenues are $1,000. What is its profit margin percentage? - 20% A customer is exiting the store and the alarm at the front of the store sounds, notifying store employees that an electronic article surveillance tag may not have been deactivated. What's the best next step? - Stop the customer and ask them to review their receipt to ensure the item has been purchased. Then, deactivate the tag. A customer is walking out of the store and the store alarm goes off notifying store employees that an electronic article surveillance tag may not have been deactivated. What is the sale associates best next step? - Stop the customer and ask them to review their receipt to ensure the item has been purchased. Then, deactivate the tag.