Retail Industry Fundamentals Exam Brief Unit 6 Btec Business Level 3 Extended Diploma

A person or a company that sells goods/or services to a customer is called a {Ans: retailer}A retail business, owned by shareholders and have centralized decision making for their multiple store locations is called {Ans: corporation}People who purchase goods or services from a business are called: {Ans: customers}Responsible for the production of finished products {Ans: manufacturer}Which if the following key performance indicators can be used to measure whether each store is meeting its sales goals? {Ans: number of sales per store location}Which of the following does not cause inventory shrinkage? {Ans: products the retailer forgot to order}