RISE Up Retail Industry Fundamentals Practice Test

Which of the following is a term for physical goods that are bought and sold?

• Sales
• Products
• Pricing
• Services

Which of the following is a standard term that describes the audience of retail stores-that is, the people who will buy things from the stores?

• Manufacturers
• Wholesalers
• Buyers
• Customers

Which of the following is a term for intangible things such as providing delivery, that are sold by retailers?

• Gifts
• Training
• Services
• Products

Which of the following terms best describes a grower of potatoes?

• Manufacturer
• Wholesaler
• Distribution Center
• Retailer

The majority of retailers are:

• Independently owned
• Corporations
• Franchises
• Online Only

Which of the following is the term for the retailing approach that places the focus on creating a seamless shopping experience for customers by integrating multiple channels?

• Multichannel
• Omnichannel
• Integrated Channel
• Seamless Channel

Approximately what percentage of U.S. jobs are retail jobs, as of 2019?

• 5-10%
• 10-15%
• 20-25%
• 35-40%

What kinds of things does a manufacturer produce?

• Raw materials
• Fossil Fuels
• Services
• Finished Products

Which of the following holds large quantities of product that are later sent either to retail locations or directly to customers?

• Manufacturer
• Wholesaler
• Distribution Center
• Retailer

Which of the following would NOT be a factor that affects which products a retailer chooses to select to offer in a store?

• Local customer preferences
• Manufacturer incentives
• Employee preferences
• The store's location