RIF Practice Exam #1

RIF Practice Exam #1

12th Grade

33 Qs

quiz-placeholder

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RIF Practice Exam #1

RIF Practice Exam #1

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

ERIN HENRY

Used 32+ times

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33 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People who purchase good or services from a business are called:

Visitors
Patients
Customers
Frequent Flyers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The key term in retail for a period that an item remains usable or fit for consumption is called:

Inventory
Spoiled
Shelf Life
Expiration

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Merchandise without an expiration date like electronics, tools and home goods typically have a longer

End Date
Conclusion
Shelf Life
Run Time

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What item is a retail service?

Jewelry warranty
Jewelry cleaner
Silver bracelet
Gold necklace

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered a retail service?

New car
Car wash
Car engine repair
New Car tires

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the retail product cycle, what step comes after distribution of products?

Distrubution
Selling
Selection
Allocation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would NOT be a factor that affects which products a retailer chooses to select to offer in a store?

Local customer preferences
Manufacturer incentives
Employee preferences
The store’s location

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