JACKLINE
Retail Industry Fundamentals vocabulary With Questions And 100% SURE
ANSWERS
Terms in this set (20)
Retailer A person or company that sells goods and/or services to customers
Wholesaler Buys large quantities of product from manufacturers and sells them to retailers
Shelf life Refers to the amount of time an item remains usable, salable or fit for consumption
The Retail Product Cycle The repetitive cycle that occurs with retailers in regard to product assortment
Distribution Center A large facility that manufacturers send large quantities of product to then be sent to retailers
Allocation Distributing merchandise from the manufacturer to the retail locations
POS Point of sale
Workplace safety Preventing injury and illness to customers and employees
OSHA Occupational Safety and Health Administration
Radio Frequency Identification Device The ability to scan large volumes of inventory or tagged items at a time
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Retail Industry Fundamentals vocabulary With Questions And 100% SURE
ANSWERS
Terms in this set (20)
Retailer A person or company that sells goods and/or services to customers
Wholesaler Buys large quantities of product from manufacturers and sells them to retailers
Shelf life Refers to the amount of time an item remains usable, salable or fit for consumption
The Retail Product Cycle The repetitive cycle that occurs with retailers in regard to product assortment
Distribution Center A large facility that manufacturers send large quantities of product to then be sent to retailers
Allocation Distributing merchandise from the manufacturer to the retail locations
POS Point of sale
Workplace safety Preventing injury and illness to customers and employees
OSHA Occupational Safety and Health Administration
Radio Frequency Identification Device The ability to scan large volumes of inventory or tagged items at a time
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