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