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| Section | Objectives |
|---|---|
| Topic 1: Inventory Management | - Shrinkage and inventory control - Stock adjustment and movement - Stock receipt and verification |
| Topic 2: Retail Store Operations Fundamentals | - Store organization and roles - Store performance management |
| Topic 3: Point of Sale (POS) Systems | - POS transaction processing - Returns and exchanges |
| Topic 4: Store Compliance & Security | - Store security systems and surveillance - Loss prevention and compliance |
| Topic 5: Retail Technology & Store Systems | - Self-checkout and automation tools - RFID and inventory tracking systems |
| Topic 6: Sales and Customer Management | - Customer service and satisfaction - Sales KPIs (sales/sqft, per employee metrics) |
1. Dispatches from store are:
A) Required to return defective merchandise back to vendors
B) Required if unsold inventory exists
C) Not required
D) Both A & B
2. Accurate labor forecast depends on
A) Studied sales forecasts and history
B) Defined roles and responsibilities in a store
C) All of the above
D) Defined store activities and tasks
3. Which of the following correctly signifies the order in which various activities related to workforce management would be performed in a store?
A) Scheduling, Forecasting, Recruiting, Training
B) None of the above
C) Forecasting, Training Recruiting, Scheduling
D) Forecasting, Recruiting, Training, Scheduling
4. POS system affects
A) Operational Efficiency
B) Marketing Efficiency
C) All of the above
D) Customer Service
5. Shrinkage in Inventory management refers to
A) Excess inventory in the system due to non moving stock.
B) The difference between the actual inventory in the store and the inventory in the system
C) Non moving stock over specified levels specified in the system.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |
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