RISE Up Retail Industry Fundamentals Ch. 1 & 2 Practice Test

Front

Term for physical goods that are bought and sold.

Back

Products

Front

What is the standard term for the audience of retail stores, the people who buy things from the stores?

Back

Customers

Front

Term for intangible things such as providing delivery, sold by retailers.

Back

Services

Front

Which term best describes a grower of potatoes?

Back

Manufacturer

Front

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

Back

Independently owned

Front

Term for the retailing approach focusing on a seamless shopping experience by integrating multiple channels.

Back

Omnichannel

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%

Front

What kinds of things does a manufacturer produce?

Back

Finished Products

Front

Which of the following holds large quantities of product that are later sent either to retail locations or directly to customers? Options: Manufacturer, Wholesaler, Distribution Center, Retailer

Back

Distribution Center

Front

Which factor does NOT affect product selection in a store? Options: Local customer preferences, Manufacturer incentives, Employee preferences, The store's location

Back

Employee preferences