NRF Retail Industry Fundamentals
NRF Retail Industry Fundamentals Exam Questions And
Answers 100% Correct.
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
NRF Retail Industry Fundamentals
Page 1
NRF Retail Industry Fundamentals Exam Questions And
Answers 100% Correct.
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
NRF Retail Industry Fundamentals
Page 1
