Bell Ringer - November 12, 2024
Quiz by Bernice W. Broussard
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- Q1
Other than the stockroom, where is a store's inventory kept?
On the sales floor
At the manufacturer
At the distribution center
in the office
30s - Q2
A retailer's total inventory is:
All inventory a retailer has on order
All inventory sold within the past year
All inventory available in the retailer's physical stores
All inventory owned by the retailer regardless of its location
30s - Q3
A retailer's profit is:
The amount the company spends
The amount the company owes
The amount the company gets to keep after expenses
The amount the company makes in sales
30s - Q4
A customer has $300 to spend on a gift and is cosidering buying either a product at Best Buy or a product at Brooks Brothers. What type of competitive relationship exists between the two retailers in this situation?
Indirect competitors
Direct competitors
Replacement competitors
Rival competitors
30s - Q5
A customer is hungry and can't decide whether to get a roast beef sandwich at Arby's or pick up Chinese food at Panda Express. What type of competitive relationship exists between the two retailers in this situation?
Direct competitors
Rival competitors
Indirect competitors
Replacement competitors
30s