Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

RETAIL INDUSTRY FUNDAMENTALS QUESTIONS WITH 100% CORRECT ANSWERS GRADED A+ GUARANTEED PASS, Quizzes of Economics

"The selling of goods and/or services to a customer are called? - CORRECT ANSWER=> Retail" "In the retail product cycle, what step comes after distribution of products? - CORRECT ANSWER=> Selling" "Offering a customer an extended warranty on television they just bought is an example of which example of which selling technique? - CORRECT ANSWER=> Up-selling" "In the customer service loyalty life cycle, the customer has a want or need, then considers different purchasing options. What step comes next? - CORRECT ANSWER=> Customer chooses a buying option" "The number of units in each transaction is called - CORRECT ANSWER=> Units per transaction"

Typology: Quizzes

2024/2025

Available from 02/10/2025

ExcelHub
ExcelHub 🇬🇧

877 documents

1 / 4

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
RETAIL INDUSTRY FUNDAMENTALS QUESTIONS
WITH 100% CORRECT ANSWERS GRADED A+
GUARANTEED PASS
"The selling of goods and/or services to a customer are called? - CORRECT ANSWER=> Retail"
"In the retail product cycle, what step comes after distribution of products? - CORRECT ANSWER=>
Selling"
"Offering a customer an extended warranty on television they just bought is an example of which
example of which selling technique? - CORRECT ANSWER=> Up-selling"
"In the customer service loyalty life cycle, the customer has a want or need, then considers different
purchasing options. What step comes next? - CORRECT ANSWER=> Customer chooses a buying option"
"The number of units in each transaction is called - CORRECT ANSWER=> Units per transaction"
"Which of the following key performance indicators can be used to measure whether all employees in
the company are reaching their sales goals? - CORRECT ANSWER=> Number of sales per employee"
"After purchasing a new car, a customer is satisfied with the service received from the sales person.
Which phrase of the customer life cycle does this example represent? - CORRECT ANSWER=> Phrase 4-
The customer likes or doesn't like their customer experience"
"After a customer's television breaks and the customer learns it can't be fixed, the customer looks online
to learn more about which televisions are sold different retailers near by/ which phase of the customer
service life cycle does this example best represent? - CORRECT ANSWER=> Phase 2- Customer looks at
different places to buy the item"
"When you always do your best, deliver quality work, and arrive on time to work, you demonstrate a
professional image with? - CORRECT ANSWER=> Discipline and dependability"
"Who is responsible for making sure the safety exits aren't blocked and are free to be used in an
emergency? - CORRECT ANSWER=> Retail employee"
"What can decrease customer satisfaction? - CORRECT ANSWER=> Long wait times at checkout"
"What contributes to a negative brand? - CORRECT ANSWER=> Inconsistent attributes and behaviors"
pf3
pf4

Partial preview of the text

Download RETAIL INDUSTRY FUNDAMENTALS QUESTIONS WITH 100% CORRECT ANSWERS GRADED A+ GUARANTEED PASS and more Quizzes Economics in PDF only on Docsity!

RETAIL INDUSTRY FUNDAMENTALS QUESTIONS

WITH 100% CORRECT ANSWERS GRADED A+

GUARANTEED PASS

"The selling of goods and/or services to a customer are called? - CORRECT ANSWER=> Retail"

"In the retail product cycle, what step comes after distribution of products? - CORRECT ANSWER=>

Selling" "Offering a customer an extended warranty on television they just bought is an example of which

example of which selling technique? - CORRECT ANSWER=> Up-selling"

"In the customer service loyalty life cycle, the customer has a want or need, then considers different

purchasing options. What step comes next? - CORRECT ANSWER=> Customer chooses a buying option"

"The number of units in each transaction is called - CORRECT ANSWER=> Units per transaction"

"Which of the following key performance indicators can be used to measure whether all employees in

the company are reaching their sales goals? - CORRECT ANSWER=> Number of sales per employee"

"After purchasing a new car, a customer is satisfied with the service received from the sales person.

Which phrase of the customer life cycle does this example represent? - CORRECT ANSWER=> Phrase 4-

The customer likes or doesn't like their customer experience" "After a customer's television breaks and the customer learns it can't be fixed, the customer looks online to learn more about which televisions are sold different retailers near by/ which phase of the customer

service life cycle does this example best represent? - CORRECT ANSWER=> Phase 2- Customer looks at

different places to buy the item" "When you always do your best, deliver quality work, and arrive on time to work, you demonstrate a

professional image with? - CORRECT ANSWER=> Discipline and dependability"

"Who is responsible for making sure the safety exits aren't blocked and are free to be used in an

emergency? - CORRECT ANSWER=> Retail employee"

"What can decrease customer satisfaction? - CORRECT ANSWER=> Long wait times at checkout"

"What contributes to a negative brand? - CORRECT ANSWER=> Inconsistent attributes and behaviors"

"When you have key information about a company's products and services and use it to help customers

understand how these products and services will meet their needs, you have? - CORRECT ANSWER=>

Product Knowledge" "During the selling process, you have assess the needs of the customer by asking questions that get the customer to provide details about what they want or need. These questions are typically not answered

with a "yes" or "no" - CORRECT ANSWER=> Open-Ended Questions"

"Recommending additional items that compliment a customer's purchase, such as shoes cleaner to go

with new leather shes is called? - CORRECT ANSWER=> Cross-Selling"

"The customer's current television breaks the week before the super bowl. The customer is supposed to have a super bowl party and needs a new TV so the guests can watch the big game. Which phrase of the

customer life cycle does this example best represent? - CORRECT ANSWER=> Phase 1-Customer has

want-need"

"Retailers use technology in stores and online to? - CORRECT ANSWER=> Make task easier and faster

to complete for employees and customers"

"Companies measure whether they're reaching sales goals using KPIs also called? - CORRECT

ANSWER=> Key performance Indicators"

"A customer makes a purchase and their transaction total is 23.47. The customer pays with $40.00 in

cash. How much change should they receive - CORRECT ANSWER=> 16.53"

"a retailer complete a physical audit of the store's inventory.The total inventory was $100,000. Accounting books say there should be $110,000 in inventory. What's the amount of the inventory

variation - CORRECT ANSWER=> $10,000"

"Which of the following does not cause inventory shrinkage? - CORRECT ANSWER=> Products the

retailer forgot to order" "Every day you take the morning train to get to work 15 minutes before your shift begins. Today the train

broke down and they think it will take a hour to get it fixed. - CORRECT ANSWER=> You'll be an hour

late for your shift"

"In retail, COGS refers to? - CORRECT ANSWER=> Cost of goods sold"

"What best describes the behavior of a great team member? - CORRECT ANSWER=> Helps new

associates who are joining the team"

"What does POS stand for in retail? - CORRECT ANSWER=> Point of sale"

"Responsible for the production and manufacturing of finished products? - CORRECT ANSWER=>

Manufacturer"

"Whats considered a retail service - CORRECT ANSWER=> Car wash"

"Which of the following is most likely to be a role in a retail career? - CORRECT ANSWER=>

Merchandiser" "Customers of a popular shoe store can purchase items in-store and on-line or via their mobile app. The customer also receives texts and emails about current promotions and sales.This is an example of? -

CORRECT ANSWER=> Omnichannel retailing"

"What item is a retail service? - CORRECT ANSWER=> Jewelry warranty"

"A retail business, owned by shareholders and having centralized decision making for multiple store

locations? - CORRECT ANSWER=> Corporation"

"Which of the following skills are the most helpful for a salesperson? - CORRECT ANSWER=> Active

listening and communication"

"The process of selling goods and services to a customer to earn a profit is called? - CORRECT

ANSWER=> Retail"

"People who purchase goods or service from a business are called? - CORRECT ANSWER=> Customers"

"The repetitive cycle that occurs with retailers in regards to product assortment is called? - CORRECT

ANSWER=> The retail product cycle"