Sec 3 Retail Operations Revision Paper 1

Which of the following definition best describes a “Convenience store”?

• Large stores that sell a wide range of products such as groceries, household products and

  clothing, all under one roof

• Small self-service store selling a limited range of fast-moving food and non-food items

• Store sells a specific range of products and related merchandise such as clothing and

  accessories

• Large stores with many different departments selling a wide variety of products

Which one of the following is NOT part of retailing process?

• Employing new staff (Recruitment)

• Replenishing merchandise

• Updating of computer system

• Auditing of accounts

The following is NOT an example of perishable items

• Fresh chicken meat

• Fish

• Shampoo and conditioner

• Canned food

What is a purchase order?

• It is a record of the quantity and type of merchandise received and the amount owed to the supplier

• It is a record of the quantity and type of merchandise delivered to the store

• It is a record of the quantity and type of merchandise ordered, as well as the agreed pricing of the merchandise.

• It is a record of how much stock is available and gives latest information of stocks

Which one of the following food need to be stored at room temperature?

• Butter

• Ice-cream

• Milk

• Biscuit

Which of the following cannot be found on the purchase order?

• Cost price of the merchandise purchased

• Quantity and types of merchandise purchased

• Quantity and type of merchandise delivered

• Retail price of the merchandise

Which of the following price tag is most suitable to be used for this ring?

• String ticket

• Price label

• Electronic shelf label

• Price label with plastic tag

The information in the purchase order includes the ................

• Signature of the supplier

• Retail price of the product

• Expiry date of the product

•    Name and address of the buyer

Upon receiving a carton of canned drinks, Sam found that 2 of the cans are slightly dented in the middle but the contents are still sealed. What steps should he take?

• Make the necessary adjustments on the delivery order, marked with the supplier’s name and store them in an area assigned for the merchandise to be returned to the supplier.

• Make the necessary adjustments on the delivery order, store the dented cans in the storeroom in FIFO order and send out another purchase order.

• Since the contents are sealed, the products could be sold for a discount

• Bundle the items with other snack items and sell at a special price

Which of the following shows the quantity and type of goods ordered by the buyer?

• Delivery order

•  Invoice

• Purchase order

• Receipt