B.O.R. Sectiion 2.1 Review

Front

This is extra inventory kept on hand in case customers buy more than the estimated amount before the next shipment arrives.

Back

Safety stock

Front

This is a machine-readable series of parallel lines that combine to create a unique item identifier.

Back

Barcode

Front

The process of automatic or manual ordering to meet product demands is called:

Back

Inventory replenishment

Front

The process of placing inventory on sales floor shelves, racks or other displays to be sold is called:

Back

Stocking

Front

The term for when a retailer has run out of a particular item is:

Back

Out-of-stock

Front

When products arrive at a physical store, the process used to enter it into the store's on-hand inventory is called:

Back

Receiving

Front

Juliana is stocking shampoo on the sales floor. She finds a bottle that has a hole and is leaking shampoo, and throws it out. She then continues stocking and moves on with her day. Which of the following would then be true?

Back

The number of shampoo bottles in the inventory system would be too high

Front

If a POS system detects credit card or debit card fraud, what will it do?

Back

Decline the transaction

Front

Other than in the stockroom, where is a store's inventory kept?

Back

on the sales floor

Front

A retailer's total inventory is:

Back

All inventory owned by the retailer, regardless of its location