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Rise up test UPDATED Exam Questions and CORRECT Answers

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Rise up test UPDATED Exam Questions and CORRECT Answers which of the following is a term for physical goods that are bought and sold? - CORRECT ANSWER- B. Products which of the following is a standard term that describes the audience of retail stores-that is, the people who will buy things ...

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  • August 26, 2024
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  • 2024/2025
  • Exam (elaborations)
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Rise up test UPDATED Exam Questions
and CORRECT Answers

which of the following is a term for physical goods that are bought and sold? - CORRECT
ANSWER- B. Products


which of the following is a standard term that describes the audience of retail stores-that is,
the people who will buy things from the stores? - CORRECT ANSWER- D. Customers


which of the following is a term for intangible things, such as providing delivery, that are sold
by retailers? - CORRECT ANSWER- C. Services


what kind of things does a manufacturer produce? - CORRECT ANSWER- D. Finished
products


which of the following holds large quantities of product that are later sent either to retail
locations or directly to customers? - CORRECT ANSWER- C. Distribution center


which of the following terms best describes a grower of potatoes? - CORRECT ANSWER-
A. Manufacturer


The majority of retailers are: - CORRECT ANSWER- A. Independently owned


which of the following is the term for the retailing approach that places the focus on creating
a seamless shopping experience for customers by integrating multiple channels? - CORRECT
ANSWER- B. Omnichannel


which of the following is the standard definition of a retail ecosystem? - CORRECT
ANSWER- A. An interconnected system of approaches for meeting the goal of retailing,
which is to provide customers with the merchandise and services they want.


Approximately what percentage of U.S jobs are retail jobs, as of 2019? - CORRECT
ANSWER- C. 20-25%

, These customers can take a long time to make a purchase decision, and might return to a
retailer several times before making a purchase. - CORRECT ANSWER- D. Comparison
shoppers


These customers tend to make quick purchase decisions, often buying inexpensive items that
are not high importance to them. - CORRECT ANSWER- B. Impulse buyers


These customers tend to spend a lot of time checking out products and prices through online
sites, visiting different stores and comparing retailer ads. - CORRECT ANSWER- D.
Comparison shoppers


These customers view shopping as a fun occasion, so shopping does not necessarily include
making a purchase. - CORRECT ANSWER- C. Recreational shoppers


These customers have an early adopter mindset, and want to be recognized as trendsetters by
others. - CORRECT ANSWER- A. Innovation/ trend buyers


These shoppers have typically enjoyed and valued positive customer experiences with a
particular retailer. - CORRECT ANSWER- A. Loyal customers


These shoppers are rarely the first to try new products. - CORRECT ANSWER- B. Followers


Which of the following is the term for behavior influences that come from a customer's
family and friends? - CORRECT ANSWER- B. External social cues


Which of the following is the term for behavior influences that come from retailers
marketing? - CORRECT ANSWER- B. External social cues


Which of the following is the term for behavior influences that come from a customer's own
needs? - CORRECT ANSWER- C. Internal physical cues


Which of the following is the term for the overall impression gathered from information that
is seen, heard and experienced by customers who encounter a business, its products and
services? - CORRECT ANSWER- D. Company brand

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