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WorksheetsRetail Course 1 Unit 3
Total questions: 10
Worksheet time: 10mins
Retail operations are the processes that keep a retailer's ecosystem running smoothly.
True
False
A complete listing of all the merchandise a retailer owns is called:
On-hand Inventory
Total Inventory
Back-stock Inventory
Out-dated Inventory
This type of inventory is available to be sold:
on hand
in transit
stock
warehouse
Supply is the amount of inventory a business thinks a customer will want to purchase, byt the amount they actually do purchase is called the:
Net Profit
Manufacturer
Demand
Stock
A preventable loss is a cost caused by deliberate or unintentional human actions.
True
False
Which of the following NOT an anti-theft technique?
Electronic article surveillance
Non-electronic ink tags
Removeable price tages
Display or fixture locks, cables, chains, and alarms
JaNesha has a friend that just came into the ice cream shop where she works. Instead of charging him for a large cone, she only charged him for a small. What did JaNesha just commit?
Shoplifting
Employee Theft
Receipt Fraud
Switch Fraud
Gross profit is calculated by which formula?
Revenue – Cost of Goods Sold
COGS-Revenue
Profit-Expenses
Expenses-COGS
If the retailer buys a shirt for $5.00 and want to price it at a 50% markup, what should they sell it for?
$5.00
$5.50
$7.50
$2.50
The retail store has been buying their shoes from ABC Shoes. The retail store discovered that the past 5 orders were for 100 pairs of shoes but only received 90 pairs of shoes. What type of loss has occurred?
Vendor Fraud
Employee Theft
Shoplifting
Receipt Fraud
