Retail Merchandising

Which one is NOT an advantage of a non-retail store like a the Spirit Box?

• Unlimited access

• Lack of social interaction

• Low overhead costs

• Larger inventory options

Which one is NOT a disadvantage of a non-retail store like the Spirit Box?

• Security

• Delay of product

• Returning

• 24/7 access

When an employee steals money out of the cash register and continues to do so for a long period of time. This is what type of risk?

• Economic Risk

• Risk Management

• Natural Risk

• Human risk

When a global virus prevents products from entering or exiting a country and/or closes shops. This is an example of what type of risk?

• Economic Risk

• Risk Management

• Natural Risk

• Human risk

When a new boutique opens down the street and many of your customer begin going to that boutique.

• Economic Risk

• Risk Management

• Natural Risk

• Human risk

There are several ways to manage risks depending on the situations include have insurance, plan for it financially by saving, or doing things that would reduce the impact of the risk. Select the ones the represent the different ways to manage a risk.

• Avoided

• Transfer

• Assume

• All of the above

• None of the above

When I am coming up with a product idea I need to consider which of the following:

• who would be interested in buying it - people

• how do people like to receive their information or be encouraged to buy

• where someone can buy it

• how much they are willing to spend

• none of the above

Select the different ways I could gather data from my customers.

• Point-of-purchase system

• Coupons

• Survey

• Contests

Each holiday most stores offer a variety of merchandise that connects with the needs during that time of the year. This is an example of which merchandising category?

• Staple

• Fashion

• Seasonal

• Convenience

When I go to the grocery store I always get milk, eggs, veggies, fruits and meats. This is an example of which merchandising category?

• Staple

• Fashion

• Seasonal

• Convenience