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