Retail Store Management Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which type of retailer would sell cowboy boots?

Question 2 2. Which of the following activities incur ordering costs?

Question 3 3. Employees who DO NOT exhibit buy-in are:

Question 4 4. How much space should ideally be left between hanging articles?

Question 5 5. For a high-end store, which of the following would the store likely use to display its product?

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Question 6 6. Which of the following is NOT an element of inventory costs?

Question 7 7. What does the employee who exhibits buy-in agree with?

Question 8 8. What is the most important tool for a merchandise planner at a new store?

Question 9 9. The _____ refers to the total dollar amount a business paid for the products it sold.

Question 10 10. Leno's Tux Boutique is in dire need of additional blue bow ties for the start of wedding season. He has to quickly order more for his inventory. Which of the following would NOT incur a shortage cost for the business?

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Question 11 11. An employee who exhibits buy-in:

Question 12 12. Managers can promote employee buy-in by:

Question 13 13. What is the most important tool for a merchandise planner at an existing store?

Question 14 14. Will's Wheels sells new and used bikes along with a full line of replacement parts. Will's is an example of a(n) _____ store.

Question 15 15. In which type of retail store are you likely to find the lowest prices?

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Question 16 16. Shazam Electronics is a major retailer specializing in a large variety of computer chips. All of the chips have to be stored at a specific temperature, which is a significant expense to Shazam's monthly electric bill. Which of the following categories does this expense refer to?

Question 17 17. Which retail segment typically offers the greatest variety and quantity of products to their customers?

Question 18 18. Why are employees who exhibit buy-in at work more likely to perform work beyond their job description and contribute to the goals of the company than employees who don't?

Question 19 19. Which of the following is a characteristic of discount stores?

Retail Store Management Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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