Retail Fundamentals Part 1 Test

The period of time that an item remains usable or fit for consumption

• shelf life

• spoiled

• inventory

• expiration

A person or a company that sells goods and/or services to a customer

• shopper

• consumer

• seller

• retailer

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

• selection

• distribution

• selling

• allocation

Which item is a retail product?

• car tire installation

• car tire warranty

• car tire

• car tire repair

Tangible goods that can be bought and sold

• items

• products

• commerce

• services

What do we call items that can be touched?

• tangible

• intangible

What's considered a retail service?

• new car tires

• new car

• car wash

• car engine repair

A large facility that manufacturers send large quantities of product to so it can be distributed to stores is called

• distribution center

• retail location

• manufacturing plant

• wholesale outlet

Buys large quantities of product from manufacturers and sells them to retailers

• service seller

• wholesaler

• franchiser

• warehouse

The selling of goods and/or services to a customer is called

• purchasing

• service industry

• retail

• marketing