RISE Up Retail Industry Fundamentals Practice Test

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12th Grade
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Medium
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54 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is a term for physical goods that are bought and sold? Sales, Products, Pricing, Services
Back
Products
2.
FLASHCARD QUESTION
Front
Which of the following is a standard term that describes the audience of retail stores—that is, the people who will buy things from the stores? Options: Manufacturers, Wholesalers, Buyers, Customers
Back
Customers
3.
FLASHCARD QUESTION
Front
Which of the following is a term for intangible things such as providing delivery, that are sold by retailers? Gifts, Training, Services, Products
Back
Services
4.
FLASHCARD QUESTION
Front
Which of the following terms best describes a grower of potatoes? Manufacturer, Wholesaler, Distribution Center, Retailer
Back
Manufacturer
5.
FLASHCARD QUESTION
Front
The majority of retailers are: Independently owned, Corporations, Franchises, Online Only
Back
Independently owned
6.
FLASHCARD QUESTION
Front
Which of the following is the term for the retailing approach that places the focus on creating a seamless shopping experience for customers by integrating multiple channels? Options: Multichannel, Omnichannel, Integrated Channel, Seamless Channel
Back
Omnichannel
7.
FLASHCARD QUESTION
Front
Approximately what percentage of U.S. jobs are retail jobs, as of 2019? Options: 5-10%, 10-15%, 20-25%, 35-40%
Back
20-25%
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