NRF Retail Industry Fundamentals Exam Questions and Answers Latest Update 2025 Already Passed
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
Which of the following does not cause inventory shrinkage? - Answers products the retailer forgot to
order
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
Which of the following does not cause inventory shrinkage? - Answers products the retailer forgot to
order
