Retail Fundamentals: The Retail Product Cycle

What is the first phase in the retail product cycle?

• selection

• allocation

• distribution

• selling

What is the second phase in the retail product cycle?

• selection

• allocation

• distribution

• selling

What is the third phase in the retail product cycle?

• allocation

• distribution

• selling

• markdowns

What is the fourth phase in the retail product cycle?

• selection

• distribution

• selling

• markdown

What is the final phase in the retail product cycle?

• allocation

• distribution

• selling

• markdown

Which phase of the retail product cycle is designed to move excess and seasonal inventory?

• allocation

• distribution

• selling

• markdowns

Which phase in the retail product cycle involves decisions about what products a retailer will offer?

• selection

• allocation

• distribution

• selling

What stage in the retail product cycle involves decisions on which products will go to which retail locations?

• selection

• allocation

• distribution

• selling

What term is used to describe the process of sending additional items to store locations to "refill" what has been sold?

• refilling

• picking

• replenishing

• packing

What term refers to the task of using replenishment reports to retrieve items in a distribution center that need to be shipped to stores or customers?

• replenishing

• packing

• picking

• shipping