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RETAIL INDUSTRY FUNDAMENTALS 2024/2025 LATEST UPDATE

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Institution RETAIL INDUSTRY FUNDAMENTALS
Course RETAIL INDUSTRY FUNDAMENTALS
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Which of the following is most likely to be a role in a retail career? A. Buyer B. Mechanic C. Babysitter D. Therapist - CORRECT ANSWER A. Buyer 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 - CORRECT ANSWER 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 - CORRECT ANSWER D. retailer What's considered a retail service? A. Car wash B. New car C. Car engine repair D. New car tires - CORRECT ANSWER A. Car wash What item is a retail product? A. Car tire warranty B. Car tire repair C. Car tire D. Car tire installation - CORRECT ANSWER 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 - CORRECT ANSWER A. Active listening and communication The physical goods (that can be touched) that can be bought and sold: A. Services B. Products C. Items D. Commerce - CORRECT ANSWER B. Products Buys large quantities of product from manufacturers and sells them to retailers: A. Wholesaler B. Service Seller C. Franchiser D. Warehouse - CORRECT ANSWER A. Wholesaler What organization oversees and controls workplace safety regulations? A. SOTP B. FLSA C. FMLA D. OSHA - CORRECT ANSWER D. OSHA

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