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NRF Retail Industry Fundamentals UPDATED Exam Questions and CORRECT Answers $7.99   Add to cart

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NRF Retail Industry Fundamentals UPDATED Exam Questions and CORRECT Answers

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NRF Retail Industry Fundamentals UPDATED Exam Questions and CORRECT Answers A retail business, owned by shareholders and have centralized decision making for their multiple store locations is called - CORRECT ANSWER- corporation In the retail product cycle, what step comes after distribution...

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  • August 26, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • NRF Retail Industry Fundamentals
  • NRF Retail Industry Fundamentals
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NRF Retail Industry Fundamentals
UPDATED Exam Questions and
CORRECT Answers
A retail business, owned by shareholders and have centralized decision making for their
multiple store locations is called - CORRECT ANSWER- corporation


In the retail product cycle, what step comes after distribution and products? - CORRECT
ANSWER- selling


What item is a retail product - CORRECT ANSWER- car tire


A large facility that manufacturers sent large quantities of product to then distributed to stores
is called - CORRECT ANSWER- distribution center


The period key term in retail for a period fo time that an item remains usable, or fir for
consumption is called: - CORRECT ANSWER- shelf life


Customers of a popular shoe store chain can purchase items in-store and on-line or via their
mobile app. the customer also receives texts and emails about current promotions and sales.
This is an example of: - CORRECT ANSWER- Omni-channel retailing


What's considered a retail service? - CORRECT ANSWER- car wash


Merchandise without an expiration date like electronics, tools and home goods typically have
longer - CORRECT ANSWER- shelf life


The repetitive cycle that occurs with retailers in regard to product assortment is called: -
CORRECT ANSWER- the retail product cycle


Responsible for the production of finished products - CORRECT ANSWER- manufacturer

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