Business of Retail - Unit 2

Business of Retail - Unit 2

9th - 12th Grade

19 Qs

quiz-placeholder

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Business of Retail - Unit 2

Business of Retail - Unit 2

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Jennifer Bright-Seymore

Used 463+ times

FREE Resource

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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