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WorksheetsQUIZ CU03
Total questions: 24
Worksheet time: 2hrs 36mins
What is stock rotation?
Bring in new items to keep up with the changing times
To ease the process of purchasing in the stores.
Not that important in hardware and building supply stores
Putting new merchandise behind, or below, existing stock when putting product out on the retail floor.
Which of the methods below is NOT classified as a primary data collection?
Interviews
Observation
Questionnaires
Archived file or data
What are the key elements for running a successful sales promotion?
Target audience and Measurable Goals
Target audience, Measurable Goals and Limited availability
Target audience, Measurable Goals, Limited availability, Sufficient promotion and Value
Target audience, Measurable Goals, Limited availability and Sufficient promotion
Which of the picture below is Expired product ?
What is product specification?
The food should be fully and accurately described
Product specification is about a document that provides critical defining information about a product and can include identification of the manufacturer
Chemical and physical indices and any tolerances for defects should be specified.
The essential composition and quality factors should be specified. This should include both optional and mandatory ingredients with any minimum or maximum levels of use.
What is the Methods to check items to be returned
Physical checking
System checking
Inventory checking
Get the supplier/vendor list from Receiving Department
Why is the survey important in retail operation?
To allocate resources and set the suitable approach to achieve target
To sustain the minimum level of inventory
To ensure the quantity of inventory is accurate
To ensure the inventory level is updated over time
why when do disposal items and need to show the damage products to Manager.
To avoid theft or fraud
To check expired date
To check condition of product
To check quality of product
What is the procedure in pre-stock take ?
Location tagging and layout plan
Check address of vendor
Determine the type of stock
Perform counting of all cycles
What is the information that can be gathered from a survey?
Focus group
Market trend
Customer personal data.
Customer personal finance data
What are the important points to be considered in doing market research
Attitudes
Behaviors
Demographics
Filmographies
What is the meaning of "Demographics study" in market research?
The characteristics of an organization
Such as age, income level, and gender
How a respondent thinks or feels about something
What action the respondent has taken or plans to take
Who should collect the disposal form and give the document to Security department
Manager
Store Manager
Department Staff
Finance Department
Who will check items and check the document whether it’s tally with items to be disposed or not?
Security Officer (Loss and Prevention Department)
Vendor
Department staff
Finance
How OUT OF STOCK can happen?
Price increased Price increased
Price decreased
Wrong shelve capacity entered
Wrong additional shelves capacity entered
What is the function of monitoring pre-stock take activity?
To ensure company do not bare loses due to mistake done in counting stock
To ensure all damage and expired items were returned before performing stock take
To preparation is well done, to ensure no last minute action occur and get a reliable result (integrity)
To ensure enough manpower, all items was arranged by department, all bay was patch with number (address)
What causes the physical stock and report not tally?
Miscounting stock, overstock, discontinued items and negative stock
Mistake in ordering stock, holding too much stock, system error and shoplifting
System error, administration error, fraud (employee), fraud (supplier/vendor) and shoplifting.
Receiving error, good return error, error in disposing item process and holding too much stock
What are the document is required for returnable process?
'OOS' Stand for ?
OUT OF STOCK
OUT OF PRODUCT
OUT OF SALE
PROMOTION
What is damaged product?
Products that are broken, cracked, or scratched
Products that are not broken, cracked, or scratched
Products that cannot be return back to the vendor due to damaged, expired or others
Products that need to be return back to the vendor due to damaged, expired or others
What document required for disposable process?
A. Return form
Coupon
Voucher
Disposal form
What document required for disposable process?
A. Return form
Coupon
Voucher
Disposal form
What document required for disposable process?
A. Return form
Coupon
Voucher
Disposal form
What is product specification?
