NRF RETAIL INDUSTRY FUNDAMENTALS EXAM QUESTIONS AND
ANSWERS GRADED A+ LATEST UPDATE.
A retail business, owned by shareholders and have centralized
decision making for their multiple store locations is called ANS >>
corporation
In the retail product cycle, what step comes after distribution
and products? ANS >> selling
What item is a retail product ANS >> car tire
A large facility that manufacturers sent large quantities of
product to then distributed to stores is called ANS >> distribution
centre
, The period key term in retail for a period of time that an item
remains usable, or fir for consumption is called: ANS >> 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: ANS >> Omni-channel retailing
What's considered a retail service? ANS >> car wash
Merchandise without an expiration date like electronics, tools
and home goods typically have longer ANS >> shelf life
The repetitive cycle that occurs with retailers in regard to
product assortment is called: ANS >> the retail product cycle
Responsible for the production of finished products ANS >>
manufacturer
People who purchase goods or services from a business are
called: ANS >> customers
ANSWERS GRADED A+ LATEST UPDATE.
A retail business, owned by shareholders and have centralized
decision making for their multiple store locations is called ANS >>
corporation
In the retail product cycle, what step comes after distribution
and products? ANS >> selling
What item is a retail product ANS >> car tire
A large facility that manufacturers sent large quantities of
product to then distributed to stores is called ANS >> distribution
centre
, The period key term in retail for a period of time that an item
remains usable, or fir for consumption is called: ANS >> 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: ANS >> Omni-channel retailing
What's considered a retail service? ANS >> car wash
Merchandise without an expiration date like electronics, tools
and home goods typically have longer ANS >> shelf life
The repetitive cycle that occurs with retailers in regard to
product assortment is called: ANS >> the retail product cycle
Responsible for the production of finished products ANS >>
manufacturer
People who purchase goods or services from a business are
called: ANS >> customers
