1
NRF Retail Industry Fundamentals Exam Questions
and Answers (2024/2025) Already Passed
书山有路勤为书山有路勤为径，学海无涯苦作舟书
A retail business, owned by shareholders and have centralized decision making
山书山有路勤为径，学海无涯苦作舟有路勤为径，
for their multiple store locations is called - (answer)corporation
学海无涯苦作舟径，学海无涯苦作舟
In the retail product cycle, what step comes after distribution and products? -
(answer)selling
What item is a retail product - (answer)car tire
A large facility that manufacturers sent large quantities of product to then
distributed to stores is called - (answer)distribution center
The period key term in retail for a period fo time that an item remains usable,
or fir for consumption is called: - (answer)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: - (answer)Omni-channel
retailing
What's considered a retail service? - (answer)car wash
, 2
Merchandise without an expiration date like electronics, tools and home goods
typically have longer - (answer)shelf life
书山有路勤为书山有路勤为径，学海无涯苦作舟书
山书山有路勤为径，学海无涯苦作舟有路勤为径，
学海无涯苦作舟径，学海无涯苦作舟
The repetitive cycle that occurs with retailers in regard to product assortment is
called: - (answer)the retail product cycle
Responsible for the production of finished products - (answer)manufacturer
People who purchase goods or services from a business are called: -
(answer)customers
The selling goods and/or services to a customer is called - (answer)retail
What item is a retail sevice? - (answer)jewelry warranty
A person or a company that sells goods/or services to a customer is called a -
(answer)retailer
Which of the following is most likely to be a role in a retail career -
(answer)buyer
NRF Retail Industry Fundamentals Exam Questions
and Answers (2024/2025) Already Passed
书山有路勤为书山有路勤为径，学海无涯苦作舟书
A retail business, owned by shareholders and have centralized decision making
山书山有路勤为径，学海无涯苦作舟有路勤为径，
for their multiple store locations is called - (answer)corporation
学海无涯苦作舟径，学海无涯苦作舟
In the retail product cycle, what step comes after distribution and products? -
(answer)selling
What item is a retail product - (answer)car tire
A large facility that manufacturers sent large quantities of product to then
distributed to stores is called - (answer)distribution center
The period key term in retail for a period fo time that an item remains usable,
or fir for consumption is called: - (answer)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: - (answer)Omni-channel
retailing
What's considered a retail service? - (answer)car wash
, 2
Merchandise without an expiration date like electronics, tools and home goods
typically have longer - (answer)shelf life
书山有路勤为书山有路勤为径，学海无涯苦作舟书
山书山有路勤为径，学海无涯苦作舟有路勤为径，
学海无涯苦作舟径，学海无涯苦作舟
The repetitive cycle that occurs with retailers in regard to product assortment is
called: - (answer)the retail product cycle
Responsible for the production of finished products - (answer)manufacturer
People who purchase goods or services from a business are called: -
(answer)customers
The selling goods and/or services to a customer is called - (answer)retail
What item is a retail sevice? - (answer)jewelry warranty
A person or a company that sells goods/or services to a customer is called a -
(answer)retailer
Which of the following is most likely to be a role in a retail career -
(answer)buyer
