NRF RETAIL INDUSTRY FUNDAMENTALS EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS A+ GRADED
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Course
NRF
Institution
NRF
A retail business, owned by shareholders and have centralized decision making for their multiple store locations is called - ANS corporation
In the retail product cycle, what step comes after distribution and products? - ANS selling
What item is a retail product - ANS car tire
A larg...
, A retail business, owned by shareholders and have centralized
decision making for their multiple store locations is called - ANS
corporation
In the retail product cycle, what step comes after distribution and
products? - ANS selling
K
What item is a retail product - ANS car tire
C
A large facility that manufacturers sent large quantities of product
to then distributed to stores is called - ANS distribution center
LO
The period key term in retail for a period fo time that an item
remains usable, or fir for consumption is called: - ANS shelf life
YC
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: - ANS Omni-channel retailing
D
What's considered a retail service? - ANS car wash
U
Merchandise without an expiration date like electronics, tools and
ST
home goods typically have longer - ANS shelf life
The repetitive cycle that occurs with retailers in regard to product
assortment is called: - ANS the retail product cycle
Responsible for the production of finished products - ANS
manufacturer
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