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DECA Practice Test

Retail Merchandising

Practice Test
      
  1.Each item in a unit control inventory system is assigned a number known as a(n)  
  a.   Universal Product Code (UPC)  
  b.   Universal Vendor Marketing (UVM)  
  c.   FIFO  
  d.   stockkeeping unit (sku)  
      
  2.Marks operates ten stores that sell menís clothing and accessories in Colorado. They can be described as  
  a.   twig stores  
  b.   anchor stores  
  c.   branch stores  
  d.   chain stores  
      
  3.Many discount stores put prices on the shelf, rather than on each individual item. This pricing system is known as  
  a.   premarking  
  b.   unit pricing  
  c.   bundle pricing  
  d.   nonmarking  
      
  4.Many manufacturers mark merchandise with a retail price at the factory. This process is known as  
  a.   premarking  
  b.   preretailing  
  c.   proxemics  
  d.   unit control  
      
  5.Retail merchandise is often marked with a bar code, also known as the  
  a.   sku  
  b.   UPC  
  c.   UVM  
  d.   UPN  
      
  6.When two retail organizations combine into one company, it is known as a(n)  
  a.   acquisition  
  b.   merger  
  c.   chain store  
  d.   homogenation  
      
  7.An audit tape is  
  a.   a record made by an internal auditor of sales for each cash register in a store  
  b.   a record of total sales for a single day for an entire store  
  c.   a record kept by a cash register of all transactions entered in that register  
  d.   a record kept by point-of-purchase terminal of all sku numbers for all products purchased at that terminal  
      
  8.A product that rose to popularity, but is going out of fashion is at the end of the  
  a.   life cycle  
  b.   product/service mix  
  c.   fashion cycle  
  d.   patronage cycle  
      
  9.The process of distinguishing services or products through design is called  
  a.   building awareness  
  b.   grade labeling  
  c.   informative labeling  
  d.   differentiation  
      
  10.When retailers demand that manufacturers make goods within certain guidelines, they are engaging in  
  a.   specification buying  
  b.   preretailing  
  c.   proxemics  
  d.   a retailing strategy  

 

 
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