Retail Industry Fundamentals Review B

When there are fewer items in stock that the expected total inventory, this is called

The process of automatic or manual ordering using technology to meet product demands is called:

The best way to approach a suspected shoplifter is to physically restrain the person.

Other than in the stockroom, where is the majority of a typical store's inventory kept? (think where the customers are)

Which of the following is NOT a concept that helps you manage your time effectively?

Which of the following refers to the difference between revenue and all expenses?

Which of the following refers to the total amount of money that a retailer brings in?

A machine-readable series of parallel lines that combine to create a unique product identifier is a

Which agency or law protects employees against hazards in the workplace?

Which agency or law protects employees who report unlawful or unsafe practices?

Which of the following refers to the difference between revenue and cost-of-goods sold?

The pocess of selecting an assortment of products and promoting their sale is called

Devices specifically intended to be attached to clothing in order to prevent theft, require a special tool to remove

What's the standard method to use to thank an interviewer after the interview?

Extra inventory kept on hand just in case customers buy more than the company estimated before the next shipment arrives

What's the term for a very brief speech that you can use to sell yourself to people you meet?

Which of the following is NOT a code that you would use when setting priorities for effective time management?

If a phone case costs the retailer $5.00, but sells for $14.00, what is the profit on 10 cases?

This department schedules the arrival of trucks, deliveries to stores, and work as planners for the distribution center

Examples of maintaining displays include

The process of placing inventory on sales floor shelves, racks or other displays to be sold is called

The goal of loss prevention is to

Cash registers, scanners, and card readers are part of the _______________ system.

Schematic diagrams that visually represent the way merchandise is to be presented are called

A customer purchases a new item and then returns an old, damaged, similar item using the new item's receipt is

Which of the following refers to the total amount of money that a retailer makes after accounting for expenses?

One of the best ways to deter shoplifting is to offer assistance to all customers.

The process of matching the invoiced quantity to actual property delivered is called

On-hand inventory is the number of units of a specific item that are available to

When products arrive at a physical store, the process used to enter it into the store's on-hand inventory is called:

Merchandise that is available for a defined period of time usually relating to a specific holiday is considered

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

Shoplifters are typically young people dressed in oversized clothing, acting suspicious.

If you see a spill of food or liquid on the sales floor, what's the first thing you should do?

Shoplifting doesn't occur often in retail stores, so most associates do not need to be aware of this issue.

Which of the following is a proper lifting technique?

If inventory has been sold and there is none in the stockroom to fill the shelf, the item is

When inventory is ordered to replace products that have sold, this is called

Which of the following is NOT an example of employee fraud or theft?

Which of the following comments would be inappropriate in a social media post?

Which of the following is a SMART goal?

If a POS system detects credit card or debit card fraud, what will it do?

If a stockroom area is overflowing with inventory that will not fit on the salesfloor, the product may be referred to as

If you have a job interview scheduled for 1:00 PM, when's should you arrive at the store where you're being interviewed?

A retailer's total inventory is: