NRF Foundation: Rise Up Certification
Review Test With Complete Solutions
retail b- b bcorrect banswer- bprocess bof bselling bproducts band/or bservices bto bearn ba bprofit
retailer b- b bcorrect banswer- ba bbusiness bor bperson bthat bsells bproducts band/or bservices bto
bcustomers
customers b- b bcorrect banswer- bpeople bwho bpurchase bgoods bor bservices bfrom ba bbusiness
products b- b bcorrect banswer- b(also bcalled bmerchandise) bare bphysical bgoods bthat bare bbought band
bsold
services b- b bcorrect banswer- bintangible btransactions bsuch bas blawn bmowing, bhair bcare, betc.
retail becosystem b- b bcorrect banswer- binterconnected bsystem bof bapproaches bdesigned bto bmeet
bthe bgoal bof bretailing. bIt's bproviding bcustomers bwith bthe bexperience bthey bwant band bneed.
, multichannel bretailing b- b bcorrect banswer- bmultiple bbuying boptions, bbut bthey bare ball bseparate.
bFor bexample, bwhat bis bavailable bonline bis bnot bavailable bin-store.
omnichannel bretailing b- b bcorrect banswer- bmultiple bbuying boptions bthat bare ball binterconnected.
bFor bexample, bbuying ban bitem bonline band bpicking bit bup bat bthe bstore.
manufacturer b- b bcorrect banswer- bproduce bfinished bproducts
wholesaler b- b bcorrect banswer- bpurchases blarge bquantities bfrom bthe bmanufacturer band bsells
bsmaller bamounts bto bretailers
independent bownership b- b bcorrect banswer- bTypically, ba bsingle bstore, bonline bsite, bor bsmall
bregional bchain. b95% bof bretailers bhave bjust bone blocation. bMost bbusinesses bin bthe bUS bare bunder
bthis btype bof bownership
Corporations b- b bcorrect banswer- ba bbusiness bowned bby bshareholders bthrough bpublicly btraded
bstock. bCentralized bdecision bmaking bfor ball bof bit's bmultiple blocations
Private bCompany b- b bcorrect banswer- bOwnership bis blimited bto ba bsingle bor bsmall bgroup bof
binvestors b(not brun bby bshareholders). bCan bbe ba blarge bcompany bwith bmultiple blocations
Franchise b- b bcorrect banswer- ba blicense bis bgranted bto banother bentity bto bretail ba bcompany's
bproducts bor bservices bin ba bparticular barea; bconsistency bin bthe bcustomer bexperience bis bcrucial
Retail bsupports b1 bin b______ bAmerican bJobs b- b bcorrect banswer- b4
Teens b- b bcorrect banswer- bThe bretail bindustry bis bthe blargest bemployer bof bthis bage bgroup.
Review Test With Complete Solutions
retail b- b bcorrect banswer- bprocess bof bselling bproducts band/or bservices bto bearn ba bprofit
retailer b- b bcorrect banswer- ba bbusiness bor bperson bthat bsells bproducts band/or bservices bto
bcustomers
customers b- b bcorrect banswer- bpeople bwho bpurchase bgoods bor bservices bfrom ba bbusiness
products b- b bcorrect banswer- b(also bcalled bmerchandise) bare bphysical bgoods bthat bare bbought band
bsold
services b- b bcorrect banswer- bintangible btransactions bsuch bas blawn bmowing, bhair bcare, betc.
retail becosystem b- b bcorrect banswer- binterconnected bsystem bof bapproaches bdesigned bto bmeet
bthe bgoal bof bretailing. bIt's bproviding bcustomers bwith bthe bexperience bthey bwant band bneed.
, multichannel bretailing b- b bcorrect banswer- bmultiple bbuying boptions, bbut bthey bare ball bseparate.
bFor bexample, bwhat bis bavailable bonline bis bnot bavailable bin-store.
omnichannel bretailing b- b bcorrect banswer- bmultiple bbuying boptions bthat bare ball binterconnected.
bFor bexample, bbuying ban bitem bonline band bpicking bit bup bat bthe bstore.
manufacturer b- b bcorrect banswer- bproduce bfinished bproducts
wholesaler b- b bcorrect banswer- bpurchases blarge bquantities bfrom bthe bmanufacturer band bsells
bsmaller bamounts bto bretailers
independent bownership b- b bcorrect banswer- bTypically, ba bsingle bstore, bonline bsite, bor bsmall
bregional bchain. b95% bof bretailers bhave bjust bone blocation. bMost bbusinesses bin bthe bUS bare bunder
bthis btype bof bownership
Corporations b- b bcorrect banswer- ba bbusiness bowned bby bshareholders bthrough bpublicly btraded
bstock. bCentralized bdecision bmaking bfor ball bof bit's bmultiple blocations
Private bCompany b- b bcorrect banswer- bOwnership bis blimited bto ba bsingle bor bsmall bgroup bof
binvestors b(not brun bby bshareholders). bCan bbe ba blarge bcompany bwith bmultiple blocations
Franchise b- b bcorrect banswer- ba blicense bis bgranted bto banother bentity bto bretail ba bcompany's
bproducts bor bservices bin ba bparticular barea; bconsistency bin bthe bcustomer bexperience bis bcrucial
Retail bsupports b1 bin b______ bAmerican bJobs b- b bcorrect banswer- b4
Teens b- b bcorrect banswer- bThe bretail bindustry bis bthe blargest bemployer bof bthis bage bgroup.
