Business of Retail - Unit 2

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

• Safety stock

• Back stock

• Replenishment

• Out-of-stock

This is a machine-readable series of parallel lines that combine to create a unique item identifier. (2.1)

• RFID

• Barcode

• PLU

• Excess inventory

The process of automatic or manual ordering to meet product demands is called:

(2.1)

• Inventory replenishment

• RFID

• PLU

• Excess inventory

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

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

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

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

Which devices allow security personnel or managers to watch several areas of the building from a central location? (2.2)

• PLUs

• SKUs

• Fixture locks

• Closed-circuit cameras

These devices are specifically intended to be attached to clothing in order to prevent theft. (2.2)

• SKUs

• PLUs

• Non-electronic ink tags

• Electronic tags

These devices are used primarily to prevent the theft of high-priced items, particularly small one. (2.2)

• Display or fixture locks

• Non-electronic ink tags

• Electronic tags

• PLUs