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| Section | Objectives |
|---|---|
| Topic 1: Sales and Customer Management | - Sales KPIs (sales/sqft, per employee metrics) - Customer service and satisfaction |
| Topic 2: Store Compliance & Security | - Store security systems and surveillance - Loss prevention and compliance |
| Topic 3: Inventory Management | - Stock receipt and verification - Shrinkage and inventory control - Stock adjustment and movement |
| Topic 4: Retail Technology & Store Systems | - Self-checkout and automation tools - RFID and inventory tracking systems |
| Topic 5: Point of Sale (POS) Systems | - Returns and exchanges - POS transaction processing |
| Topic 6: Retail Store Operations Fundamentals | - Store organization and roles - Store performance management |
1. Inventory transfer from a store can be characterized based on:
A) Where merchandise is being sent
B) Both A & B
C) For what purpose the merchandise is being sent
D) None of the above
2. The single largest controllable expense in retail store is
A) Vehicle expenses
B) Telephone expenses
C) Printing & Stationary
D) Labor cost
3. Which statement best describes Periodic inventory count in a store:
A) Store inventory is counted one section or department at a time
B) Store inventory is counted in a cyclical manner
C) Store inventory is counted collectively and matched with system stock
D) None of the above
4. Touch points in a store refers to
A) The store scheduling process
B) Areas where customers interact with store employees and systems
C) The store godown where stock movement is recorded
D) Areas where employees can be briefed by the manager
5. A POS (Point of Sales) system will normally use one of the following items
A) A back lit display board
B) A shopping cart
C) Racks and gondolas
D) A bar code reader
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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