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Chapter 12: Retail Quiz
Test your knowledge of the retail chapter material!
1 / 10
You shouldn't start thinking about your holiday coverage before October each year.
This answer can be found on page 126.
Correct! It's never too early to start thinking about your holiday coverage!
2 / 10
As a reporter, you are welcome to shoot photos or videos inside a retailer any time during operating hours.
The answer can be found on page 130.
That's right! A store is still private property even though the business is open to the public. You should get permission from a manager before filming or taking photos inside a store.
3 / 10
When is Super Saturday?
The answer can be found on page 135.
Correct! This is a contender for the biggest shopping day of the year along with Black Friday.
4 / 10
The number of items each customer purchases or the total value of those items is referred to as what?
This answer can be found on page 134.
Correct! The basket size can refer to either of these two things.
5 / 10
Visual merchandising is the practice of creating visually appealing displays and in-store experiences to drive traffic and maximize sales.
Correct! Brick-and-mortar stores spend a lot of time analyzing and adjusting their visual displays to help maximize traffic and sales.
6 / 10
What does SKU stand for?
Correct! This refers to the code used to identify each type of product in a store. For example, all of the Honey Nut Cheerios will have one SKU, while the Multigrain Cheerios will have a different SKU. The number of SKUs in a store can give you an idea of the diversity of products it carries.
7 / 10
Same-store sales measure the amount of sales that month for stores that have been open for any length of time.
The answer can be found on page 133.
Correct! Same-store or comparable-store sales measure the amount of sales that month only at stores that have been open for at least a year.
8 / 10
When you cover retail what are you covering?
Correct! When you cover the retail beat, you cover a lot more than going to the mall.
9 / 10
What's another term for dead stock?
The answer can be found on page 134.
Correct! These are products that have been in stock for a long time, often due to seasonality or trends. No retailer wants to have dead stock or inventory.
10 / 10
If a retailer refers to "opening price points" what are they referring to?
Correct! Retailers typically think of their prices and merchandise in terms of “good, better and best.” Good is the cheapest and most basic product; best is the most expensive and elaborate.
Your score is
The average score is 45%
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