Retailing 1 Final Test Review - 2 of 2

Which retail store location is best described as temporary and opened for a short time?

• Kiosk

• Pop-up

• Freestanding

• E-commerce

What is the purpose of performance metrics like UPT (Units Per Transaction)?

• To track daily cash flow records.

• To measure the average items purchased per sale.

• To analyze employee attendance patterns.

• To calculate annual gross profit.

What is e-commerce?

• A method of delivering products directly to stores.

• Buying and selling products over the internet.

• A sales strategy for seasonal promotions.

• A type of warehouse inventory system.

What is an essential feature of a mobile-friendly e-commerce site?

• Limited product categories

• Clear and intuitive navigation

• High-resolution downloadable content

• Ads targeting competitor websites

Which of the following best defines omnichannel retailing?

• Using social media for marketing campaigns.

• Offering consistent experiences across online and in-store platforms.

• Selling products through third-party retailers only.

• Focusing solely on brick-and-mortar stores for customer engagement.

What does SERP stand for in e-commerce?

• Sales Efficiency and Revenue Plan

• Search Engine Results Page

• Secure E-commerce Revenue Platform

• Systematic Earnings and Reports Plan

What is the purpose of a storefront in a retail location?

• To store inventory efficiently.

• To create an attractive display for customers.

• To organize the layout of back-office spaces.

• To monitor staff activities during work hours.

Which of the following describes a planned business district?

• Several stores grouped together organically.

• A centrally designed area for various businesses.

• An online platform for local retail shops.

• A seasonal sales venue for pop-up shops.

Which financial document summarizes the total revenue and expenses of a business?

• Cash flow statement

• Income statement

• Balance sheet

• KPI report

What is cart abandonment in online shopping?

• Leaving items in a shopping cart without purchasing.

• Placing incorrect products in the cart.

• Canceling an order after delivery.

• Returning items due to defects.