NRF RETAIL INDUSTRY FUNDAMENTALS EXAM
QUESTIONS AND ANSWERS LATEST | 100% VERIFIED.
A retail business, owned by shareholders and have centralized decision making for
their multiple store locations is called - (answers)corporation
In the retail product cycle, what step comes after distribution of products? -
(answers)selling
A large facility that manufacturers send large quantities of product to then
distributed to stores is called - (answers)distribution center
The period key term in retail for a period of time that an item remains usable, or
fit for consumption is called: - (answers)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: - (answers)Omni-channel retailing
Merchandise without an expiration date like electronics, tools and home goods
typically have longer - (answers)shelf life
The repetitive cycle that occurs with retailers in regard to product assortment is
called: - (answers)the retail product cycle
Responsible for the production of finished products - (answers)manufacturer
, People who purchase goods or services from a business are called: -
(answers)customers
The selling of goods and/or services to a customer is called - (answers)retail
A person or a company that sells goods/or services to a customer is called a -
(answers)retailer
Which of the following is most likely to be a role in a retail career -
(answers)buyer
When distribution team members use replenishment reports to retrieve
quantities of items to be sent to stores they are: - (answers)picking **
Marketing programs that track purchase history, personal information and
preferences and provide incentives to loyal, repeat customers are called: -
(answers)loyalty programs
Who is responsible for making sure the safety exits aren't blocked and are free to
be used in an emergency - (answers)all employees
What common events could result in inventory shrinkage - (answers)product was
stolen form the store
QUESTIONS AND ANSWERS LATEST | 100% VERIFIED.
A retail business, owned by shareholders and have centralized decision making for
their multiple store locations is called - (answers)corporation
In the retail product cycle, what step comes after distribution of products? -
(answers)selling
A large facility that manufacturers send large quantities of product to then
distributed to stores is called - (answers)distribution center
The period key term in retail for a period of time that an item remains usable, or
fit for consumption is called: - (answers)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: - (answers)Omni-channel retailing
Merchandise without an expiration date like electronics, tools and home goods
typically have longer - (answers)shelf life
The repetitive cycle that occurs with retailers in regard to product assortment is
called: - (answers)the retail product cycle
Responsible for the production of finished products - (answers)manufacturer
, People who purchase goods or services from a business are called: -
(answers)customers
The selling of goods and/or services to a customer is called - (answers)retail
A person or a company that sells goods/or services to a customer is called a -
(answers)retailer
Which of the following is most likely to be a role in a retail career -
(answers)buyer
When distribution team members use replenishment reports to retrieve
quantities of items to be sent to stores they are: - (answers)picking **
Marketing programs that track purchase history, personal information and
preferences and provide incentives to loyal, repeat customers are called: -
(answers)loyalty programs
Who is responsible for making sure the safety exits aren't blocked and are free to
be used in an emergency - (answers)all employees
What common events could result in inventory shrinkage - (answers)product was
stolen form the store
