SS2 first term store management past questions and answers

SS2 first term store management past questions and answers

Question: What is the primary purpose of a store management system?

a) Entertainment

b) Inventory control

c) Weather forecasting

d) Social media management

Answer: b) Inventory control

Question: In retail, what does POS stand for?

a) Point of Sale

b) Power of Suggestions

c) Product Order System

d) Price of Supplies

Answer: a) Point of Sale

Question: What is SKU short for in the context of store management?

a) Stock Keeping Unit

b) Store Knowledge Update

c) Sales and Keeping Unit

d) Supply Chain Unit

Answer: a) Stock Keeping Unit

Question: Which term refers to the process of arranging products on shelves to maximize sales?

a) Shelf Organization

b) Product Placement

c) Inventory Shuffling

d) Sales Optimization

Answer: b) Product Placement

Question: What is the purpose of a reorder point in inventory management?

a) To initiate sales promotions

b) To determine when to reorder products

c) To set the pricing strategy

d) To calculate total sales

Answer: b) To determine when to reorder products

Question: What does FIFO stand for in the context of inventory management?

a) First In, First Out

b) Fast Inventory Ordering

c) Future Item Forecasting

d) Full Inventory Overhaul

Answer: a) First In, First Out

Question: How does a perpetual inventory system differ from a periodic inventory system?

a) Perpetual systems are only used annually

b) Periodic systems update inventory continuously

c) Perpetual systems rely on physical counts

d) Periodic systems use advanced forecasting algorithms

Answer: c) Perpetual systems rely on physical counts

Question: What is the purpose of a barcode in store management?

a) Employee identification

b) Price negotiation

c) Inventory tracking

d) Decorative labeling

Answer: c) Inventory tracking

Question: In the context of store layout, what does planogram refer to?

a) Employee work schedule

b) Store security system

c) Visual representation of product placement

d) Customer feedback analysis

Answer: c) Visual representation of product placement

Question: Which metric helps measure the efficiency of inventory management by calculating the number of days it takes to sell the entire inventory?

a) Inventory Turnover Ratio

b) Sales Velocity Index

c) Stock Rotation Rate

d) Supply Chain Efficiency

Answer: a) Inventory Turnover Ratio

Question: What is the purpose of a cash register in a store?

a) Employee time tracking

b) Customer entertainment

c) Record sales transactions

d) Store temperature control

Answer: c) Record sales transactions

Question: What is the significance of a loyalty program in store management?

a) Employee motivation

b) Customer retention and rewards

c) Inventory tracking

d) Product pricing strategy

Answer: b) Customer retention and rewards

Question: Which document serves as a legal agreement between a supplier and a retailer, outlining terms and conditions for the supply of goods?

a) Invoice

b) Purchase Order

c) Receipt

d) Manifest

Answer: b) Purchase Order

Question: What does EPOS stand for in the context of retail?

a) Electronic Point of Service

b) Efficient Product Ordering System

c) E-commerce Point of Sale

d) Electronic Point of Sale

Answer: d) Electronic Point of Sale

Question: What role does a store manager play in employee management?

a) Inventory control

b) Human Resources

c) Marketing strategy

d) Social media management

Answer: b) Human Resources

Question: In store management, what does JIT stand for?

a) Just In Time

b) Job Information Technology

c) Joint Inventory Tracking

d) Jumbo Inventory Transfer

Answer: a) Just In Time

Question: How can RFID technology be beneficial in store management?

a) Employee training

b) Inventory tracking and security

c) Customer entertainment

d) Sales promotion

Answer: b) Inventory tracking and security

Question: What is the purpose of a perpetual inventory system?

a) Annual stocktake

b) Continuous tracking of inventory

c) Monthly sales analysis

d) Quarterly pricing review

Answer: b) Continuous tracking of inventory

Question: How does a SWOT analysis contribute to store management?

a) Employee performance evaluation

b) Competitive analysis and strategy planning

c) Inventory valuation

d) Pricing strategy development

Answer: b) Competitive analysis and strategy planning

Question: What is the primary goal of category management in a retail store?

a) Employee satisfaction

b) Maximizing sales and profitability of product categories

c) Inventory reduction

d) Social media engagement

Answer: b) Maximizing sales and profitability of product categories