RISE Up Retail Industry Fundamentals Practice Test

RISE Up Retail Industry Fundamentals Practice Test

12th Grade

20 Qs

quiz-placeholder

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RISE Up Retail Industry Fundamentals Practice Test

RISE Up Retail Industry Fundamentals Practice Test

Assessment

Quiz

others

12th Grade

Practice Problem

Hard

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the term for reducing the price of an item in order to encourage sales?

Net profit
Margin
Markup
Markdown

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Manufacturer
Wholesaler
Distribution Center
Retailer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Gifts
Training
Services
Products

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the specific term that describes an injury caused by an item falling off a shelf and hitting a person?

Accidental injury
Negligence
Struck-by injury
Struck-against injury

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a step in the basic selling process?

Making a connection
Recite a product features
Personalize service
Assess needs

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