WorksheetsBoR Practice Set 1
Total questions: 49
Worksheet time: 25mins
What does the "S" in MSRP stand for?
Solution
Standard
Store
Suggested
What is the system that connects customers with merchandise and services they want and when, where, and how they want to experience and purchase them called?
Retail passage
Retail opportunity
Retail ecosystem
Retail delivery method
A store pays $13.00 for a backpack and sells it for $20.00. Because of slow movement, they need to mark down (discount) its price. What is the lowest percentage that they can mark down the backpack if they want to still make $3.00 in profit?
10%
15%
20%
25%
What measure is not typically used by retailers for anti-theft purposes?
Mirrors
Non-electronic ink tags
Secret Shoppers
Closed circuit cameras
After conducting a periodic inventory, a small beauty store finds that they have 5 fewer lipsticks than what is shown as being in inventory. How should they associate categorize the 5 missing lipsticks?
Excess inventory
Shrinkage
Out of stock
Safety stock
