This is extra inventory kept on hand in case customers buy more than the estimated amount before the next shipment arrives. (2.1)
Business of Retail - Unit 2

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Other
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9th - 12th Grade
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Medium
Jennifer Bright-Seymore
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Safety stock
Back stock
Replenishment
Out-of-stock
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is a machine-readable series of parallel lines that combine to create a unique item identifier. (2.1)
RFID
Barcode
PLU
Excess inventory
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of automatic or manual ordering to meet product demands is called:
(2.1)
Inventory replenishment
RFID
PLU
Excess inventory
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of placing inventory on sales floor shelves, racks or other displays to be sold is called:
(2.1)
Back stock
Out-of-stock
Stocking
Excess inventory
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The term for when a retailer has run our of a particular item is:
(2.1)
Safety stock
Out-of-stock
Back stock
Excess inventory
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When products arrive at a physical store, the process used to enter it into the store's on-hand inventory is called:
(2.1)
Stocking
Inventory replenishment
Receiving
Inventory tracking
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Juliana is stocking shampoo on the sales floor. She finds a bottle that has a hole and is leaking shampoo, and throws it out. She then continues stocking and moves on with her day. Which of the following would then be true? (2.1)
The inventory system's numbers would still be accurate
The number of shampoo bottles in the inventory system would be too high
The number of shampoo bottles in the inventory system would be too low
The inventory would need to be counted manually
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