Retail Fundamentals: The Retail Product Cycle
Authored by Kathy Ross
Professional Development
Professional Development
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first phase in the retail product cycle?
selection
allocation
distribution
selling
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the second phase in the retail product cycle?
selection
allocation
distribution
selling
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the third phase in the retail product cycle?
allocation
distribution
selling
markdowns
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fourth phase in the retail product cycle?
selection
distribution
selling
markdown
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the final phase in the retail product cycle?
allocation
distribution
selling
markdown
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which phase of the retail product cycle is designed to move excess and seasonal inventory?
allocation
distribution
selling
markdowns
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which phase in the retail product cycle involves decisions about what products a retailer will offer?
selection
allocation
distribution
selling
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