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What is allocation?
A) Groups of related items
B) Distribution or assignment of resources
C) Deals with the flow/scheduling of goods and services
D) Buys large amounts of manufactured products
B) Distribution or assignment of resources
What is shrinkage?
A) loss that can be avoided
B) loss of inventory
C) Communicating directly with customers to encourage immediate actions
D) What a customer can expect when interacting with a business
B) loss of inventory
What is company culture?
A) loss that can be avoided
B) shared set of values, beliefs, attitudes and practices that define how an organization functions
C) Communicating directly with customers to encourage immediate actions
D) What a customer can expect when interacting with a business
B) shared set of values, beliefs, attitudes and practices that define how an organization functions
What are product categories?
A) Groups of related items
B) Distribution or assignment of resources
C) Deals with the flow/scheduling of goods and services
D) Buys large amounts of manufactured products
A) Groups of related items
What is a Brand Promise?
A) loss that can be avoided
B) loss of inventory
C) Communicating directly with customers to encourage immediate actions
D) What a customer can expect when interacting with a business
D) What a customer can expect when interacting with a business
Put the retail product cycle in order-
selling, distribution, selection, allocation, markdowns
selection, allocation, distribution, selling, markdown
What is a wholesaler?
A) Groups of related items
B) Distribution or assignment of resources
C) Deals with the flow/scheduling of goods and services
D) Buys large amounts of manufactured products
D) Buys large amounts of manufactured products
What is store credit?
A) loss that can be avoided
B) loss of inventory
C) funds that can be spent only in the store
D) What a customer can expect when interacting with a business
C) funds that can be spent only in the store
What is picking?
Retrieving items to fill orders.
What are logistics?
A) Groups of related items
B) Distribution or assignment of resources
C) Deals with the flow/scheduling of goods and services
D) Buys large amounts of manufactured products
C) Deals with the flow/scheduling of goods and services
What is preventable loss?
A) loss that can be avoided
B) loss of inventory
C) Communicating directly with customers to encourage immediate actions
D) What a customer can expect when interacting with a business
A) loss that can be avoided
What is retail frequency identification?
A) Groups of related items
B) Distribution or assignment of resources
C) Deals with the flow/scheduling of goods and services
D) The ability to scan large volumes of inventory or tagged items at a store
D) The ability to scan large volumes of inventory or tagged items at a store
What is Direct Marketing?
A) loss that can be avoided
B) loss of inventory
C) Communicating directly with customers to encourage immediate actions
D) What a customer can expect when interacting with a business
C) Communicating directly with customers to encourage immediate actions