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Retail Fundamental Review

Retail Fundamental Review

Assessment

Flashcard

Professional Development

Professional Development

Practice Problem

Easy

Created by

Wayground Content

Used 1+ times

FREE Resource

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30 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- the people who will buy things from 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

The majority of retailers are: Independently Owned, Corporations, Franchises, Online Only

Back

Independently Owned

5.

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

6.

FLASHCARD QUESTION

Front

What kind of things does a manufacturer produce?

Back

Finished Products

7.

FLASHCARD QUESTION

Front

What is the term that describes distributing merchandise from the manufacturer to a retailer's locations?

Back

Allocation

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