Exam Questions and Answers A+
Graded (2025)
A .retail .business, .owned .by .shareholders .and .have .centralized .decision .making
.for .their .multiple .store .locations .is .called .- .CORRECT .ANSWER-corporation
In .the .retail .product .cycle, .what .step .comes .after .distribution .and .products? .-
.CORRECT .ANSWER-selling
What .item .is .a .retail .product .- .CORRECT .ANSWER-car .tire
A .large .facility .that .manufacturers .sent .large .quantities .of .product .to .then
.distributed .to .stores .is .called .- .CORRECT .ANSWER-distribution .center
The .period .key .term .in .retail .for .a .period .fo .time .that .an .item .remains .usable,
.or .fir .for .consumption .is .called: .- .CORRECT .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: .- .CORRECT .ANSWER-
Omni-channel .retailing
What's .considered .a .retail .service? .- .CORRECT .ANSWER-car .wash
Merchandise .without .an .expiration .date .like .electronics, .tools .and .home .goods
.typically .have .longer .- .CORRECT .ANSWER-shelf .life
The .repetitive .cycle .that .occurs .with .retailers .in .regard .to .product .assortment
.is .called: .- .CORRECT .ANSWER-the .retail .product .cycle
Responsible .for .the .production .of .finished .products .- .CORRECT .ANSWER-
manufacturer
People .who .purchase .goods .or .services .from .a .business .are .called: .-
.CORRECT .ANSWER-customers
The .selling .goods .and/or .services .to .a .customer .is .called .- .CORRECT
.ANSWER-retail