Retail Industry Fundamentals All Questions Answered CORRECTLY; Guaranteed pass!
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Course
NRF
Institution
NRF
Retail Industry Fundamentals All Questions Answered CORRECTLY; Guaranteed pass!
what kinds of things does a manufacturer produce?
finished products
which of the following holds a large quantities of product that are later sent either to retail locations or directly to customers?
distribut...
Retail Industry
Fundamentals All
Questions Answered
A
VI
CORRECTLY;
TU
Guaranteed pass!
IS
M
what kinds of things does a manufacturer produce?
O
finished products
A
which of the following holds a large quantities of product that are later sent either to
N
retail locations or directly to customers?
distribution center
JP
which of the following would NOT be a factor that affects which products a retailer
chooses to select to offer in a store?
employee preferences
what's the term that describes distributing merchandise from the manufacturer to a
retailers locations?
allocation
, what's the term for reducing the price of an item in order to encourage sales?
markdown
Which of the following is a term for physical goods that are bought & sold?
Products
A
Which of the following is a standard term that describes the audience of retail stores—
VI
that is, the people who will buy things from the stores?
Customers
TU
Which of the following is a term for intangible things, such as providing delivery, that are
sold by retailers?
Services
IS
Which of the following term best describes a grower of potatoes ?
Manufacturer
M
O
The majority of retailers are
independently owned
A
Which of the following is the term for the retailing approach that places the focus on
N
creating a seamless shopping experience for customers by integrating multiple
channels?
JP
Omnichannel
Approximately what percentage of US jobs are retail jobs as of 2019?
20-25%
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