Retail Industry Fundamentals prep

Front

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

Back

Shelf life

Front

The physical goods that can be touched that can be bought and sold

Back

products

Front

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

Back

selling

Front

What item is retail service? Gold necklace, Jewelry cleaner, Jewelry warranty, silver bracelet

Back

Jewelry warranty

Front

Which of the following is most likely to be a role in a retail career? therapist, buyer, babysitter, mechanic

Back

buyer

Front

The repetitive cycle that occurs with retailers in regard to product assortment is called

Back

the retail product cycle

Front

Which item is considered a retail product: new refrigerator, extended warranty on the refrigerator, refrigerator repair, refrigerator delivery?

Back

new refrigerator

Front

Buys large quantities of product from manufacturers and sells them to retailers

Back

wholesaler

Front

The term for distributing merchandise from the manufacturer to retail location is called

Back

allocation

Front

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

Back

shelf life