NRF Certificate Test with Complete Solutions

NRF Certificate Test with Complete Solutions which of the filling is a term for physical goods that are bought and sold? a. sales b. products c. pricing d. services - Answer ️️ -b. products which of the following is a standard term that describes the audience of retail stores - that is, the people who will buy things from the stores? a. manufacturers b. wholesalers c. buyers d. customers - Answer ️️ -d. customers which of the following is a term for intangible things, such as providing delivery, that are sold by retailers? a. gifts b. training c. services d. products - Answer ️️ -c. services what kinds of things does a manufacturer produce? a. raw material b. fossil fuels c. services d. finished products - Answer ️️ -d. finished products which of the following holds large quantities of product that are later sent either to retail locations or directly to customers a. manufacturer b. wholesaler c. distribution center' d. retailer - Answer ️️ -c. distribution center which of the following terms best describes a grower of potatoes? manufacturer wholesaler distribution center retailer - Answer ️️ -manufacturer the majority of retailers are: - independently owned - corporations - franchises - online onlu - Answer ️️ -independently owned which of the following is the term for the retailing approach that places focus on creating a seamless shopping experience for customers by integrating multiple channels? - multichannel - omni channel - integrated channel - seamless channel - Answer ️️ -omni channel an interconnected system approaches for meeting the goal of retailing, which is to provide customers with the merchandise and services they want - Answer ️️ - retail ecosystem approximately what percentage of the U.S. jobs are retail jobs, as of 2019? - Answer ️️ -20-25% these customers can take a long time to make a purchase decision, and might return to a retailer several times before making a purchase. - innovation/trend buyers - impulse buyers - recreational buyers - comparison shoppers - Answer ️️ -comparison shoppers these customers tend to make quick purchase decisions, often buying inexpensive items that are not of high imp