RIF Practice Exam #1

RIF Practice Exam #1

Assessment

Flashcard

Business

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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33 questions

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1.

FLASHCARD QUESTION

Front

People who purchase good or services from a business are called: Visitors, Patients, Customers, Frequent Flyers

Back

Customers

2.

FLASHCARD QUESTION

Front

The key term in retail for a period that an item remains usable or fit for consumption is called:

Back

Shelf Life

3.

FLASHCARD QUESTION

Front

Merchandise without an expiration date like electronics, tools and home goods typically have a longer

Back

Shelf Life

4.

FLASHCARD QUESTION

Front

What item is a retail service? Options: Jewelry warranty, Jewelry cleaner, Silver bracelet, Gold necklace

Back

Jewelry warranty

5.

FLASHCARD QUESTION

Front

What is considered a retail service? Options: New car, Car wash, Car engine repair, New Car tires

Back

Car wash

6.

FLASHCARD QUESTION

Front

In the retail product cycle, what step comes after distribution of products?

Back

Selling

7.

FLASHCARD QUESTION

Front

Which of the following would NOT be a factor that affects which products a retailer chooses to select to offer in a store? Local customer preferences, Manufacturer incentives, Employee preferences, The store’s location

Back

Employee preferences

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