Retail Fundamentals: Retail Product Cycle Quiz#2

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

• Distribution

• Selling

• Allocation

• Selection

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

• distribution list

• use life

• shelf life

• run time

When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores they are:

• Allocating

• Picking

• Distributing

• Packing

Which of the following is most likely to be a role in a retail career?

• Repairman

• Teacher

• Buyer

• User

A retail business owned by shareholders with centralized decision making for multiple store locations

• Independent

• Franchise

• Corporation

• LLC

Less shelf life than non-perishable foods but more shelf life than prepared foods

• Perishable foods

• Canned

Keeps merchandise until it is ready to deliver to a store

• Perishable foods

• Allocation

• Distribution Center

• Distributor

What's the term for reducing the price of an item in order to encourage sales?

• Allocation

• Selling

• Buyer

• Markdown

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

• The store's location

• Employee preferences

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

• Expiration date

• Shelf life

• Inventory

• Spoiled