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  • 1 / 20

    What does CVS stand for?

    • 8% Constant Value Store
    • 9% Consumer Value Sales
    • 1% Consumer Voice Sales
    • 82% Consumer Value Stores

    CVS Health Corporation is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands. The company is the world's second-largest healthcare company, behind UnitedHealth Group. In 2023, the company was ranked 64th in the Forbes Global 2000. CVS was started in Lowell, Massachusetts, by brothers Stanley and Sidney Goldstein and their partner Ralph Hoagland. The name stands for Consumer Value Stores.

    Source: Wikipedia

  • 2 / 20

    What do you get back when you pay with a larger bill than needed?

    • 1% A tip
    • 2% A receipt
    • 97% Change
    • 0% A gift card

    Change is the money returned after paying for something with more money than it costs. For example, if someone buys a $0.25 candy bar with a $1 bill, they will get $0.75 back. Change can also mean any kind of money in coin form. To have exact change means to have the exact cost of the item. In the United States, buses require people riding the bus to have exact change. The bus does not give money back. They must pay exactly what the cost is; they can not pay more.

    Source: Wikipedia

  • 3 / 20

    Which of these is a person who serves alcoholic beverages behind the bar?

    • 99% Bartender
    • 0% Cook
    • 1% Barista
    • 0% Chef

    A bartender (also known as a barkeep, barman or barmaid or a mixologist) is a person who formulates and serves alcoholic or soft drink beverages behind the bar, usually in a licensed establishment as well as in restaurants and nightclubs, but also occasionally at private parties. Bartenders also usually maintain the supplies and inventory for the bar. As well as serving beer and wine, a bartender can generally also mix classic cocktails such as a Cosmopolitan, Manhattan, Old Fashioned, and Negroni.

    Source: Wikipedia

  • 4 / 20

    The Starbucks coffee chain took its name from what classic novel?

    • 38% Moby Dick
    • 26% Great Expectations
    • 18% The Time Machine
    • 18% The Catcher in the Rye

    Starbucks got its name from another classic — the book Moby Dick. The coffee chain was originally going to be called either Cargo House or Pequod after Captain Ahab’s ship in Moby Dick. But when the brand consultant, who also designed the chain’s logo, produced an old 1800s map, the name of a mining town, Starbos, which features in the book, stood out which led the brand consultant to think of the first mate on the Pequod — Starbuck.

    Source: Economic Times

  • 5 / 20

    Which of these is a credit card brand?

    • 1% American Giant
    • 0% America Online
    • 99% American Express
    • 0% American Eagle

    The American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. Founded in 1850 as a freight forwarding company, Amex introduced financial and travel services during the early 1900s. It developed its first paper charge card in 1958, gold card in 1966, green card in 1969, platinum card in 1984, and Centurion Card in 1999.

    Source: Wikipedia

  • 6 / 20

    Market Pantry is an in-house store brand of which retailer?

    • 33% Trader Joe's
    • 41% Target
    • 8% Carrefour
    • 18% Walmart

    In-house store brands are nothing new in the corporate food industry, with many major grocery chains offering their own renditions of everyday items, usually at lower price points than competitors. Target embraces the practice throughout its stores, including three in the food department. The products are spread across multiple food categories within the branded names of Good & Gather, Market Pantry, and Favorite Day.

    Source: Food Republic

  • 7 / 20

    Which fast-food chain calls its workers "sandwich artists"?

    • 1% Taco Bell
    • 2% McDonald's
    • 12% Five Guys
    • 85% Subway

    Subway is the second-biggest fast food advertiser in the United States, behind only McDonald's. It spent US$516,000,000 on measurable advertising in 2011. Subway used the advertising slogan "Eat Fresh" and focused on how its sandwiches were made from freshly baked bread and fresh ingredients, in front of customers to their exact specifications, by employees which Subway called "Subway Sandwich Artists".

    Source: Wikipedia

  • 8 / 20

    What was the original name of the restaurant chain Panda Express?

    • 31% Panda Inn
    • 25% Panda Food
    • 34% Big Panda
    • 10% Big Bear Food

    The Panda Restaurant Group was founded in 1973 by Andrew Cherng and his father, Ming-Tsai Cherng. Their first restaurant chain they opened up is Panda Inn, in Pasadena, California. This was more formal, sit-down dining, contrasting the fast food nature of Panda Express. In 1983, through their connections with then-UCLA football coach Terry Donahue, the manager of Glendale Galleria invited them to make a fast food version of Panda Inn for the mall. Since then, Panda Express has spread all over the United States, and even has restaurants in Mexico, Canada, South Korea, and United Arab Emirates.

    Source: University of Georgia

  • 9 / 20

    What does the "E" in the "Chuck E. Cheese" restaurant chain stand for?

    • 20% Enjoyment
    • 15% Edward
    • 59% Entertainment
    • 6% Eric

    The "E" in "Chuck E. Cheese" actually stands for something: "Entertainment." And "Chuck," it turns out, is short for "Charles." It's not just a play on the nickname "Chucky. Charles Entertainment Cheese is Chuck's birth name. It adds a whole new dimension of information to Chuck's identity. Mr. Cheese, for those who don't know, is the mascot for Chuck E. Cheese's, a restaurant chain in the Unites States. The locations serve pizza while also offering arcade games and animatronic shows to entertain kids.

    Source: Insider

  • 10 / 20

    Which of these U.S. immigrants opened a chain of department stores?

    • 5% Irving Berlin
    • 1% Bob Hope
    • 3% Annie Moore
    • 91% Maxwell Kohl

    Kohl's is an American department store retail chain operated by Kohl's Corporation. It is one of the largest department store chains in the United States, with 1,165 locations, operating stores in every U.S. state except Hawaii. The company was founded by Polish immigrant Maxwell Kohl, who opened a corner grocery store in Milwaukee, Wisconsin, in 1927. It went on to become a successful chain in the local area, and in 1962 the company branched out by opening its first department store.

    Source: Wikipedia

  • 11 / 20

    As in cheese monger or ironmonger, what does monger mean?

    • 46% Seller
    • 34% Maker
    • 9% Importer
    • 11% Buyer

    A monger is a seller, especially of something specific like a fish monger or an ironmonger. You can use the noun monger as a word on its own, although it frequently shows up as a suffix, in words like cheesemonger. Monger can also be used as a verb meaning "to sell or peddle." In both cases, the word is a bit old-fashioned, used more often these days to describe a person who promotes something hurtful, as in warmonger. The Old English root word is mangere, "merchant or broker," from the Latin mango, "dealer or trader."

    Source: Vocabulary

  • 12 / 20

    What did the American restaurant chain Perkins use to be called?

    • 6% The Wet Whisker
    • 69% Smithies Pancake House
    • 15% Chicken on the Run
    • 10% Au Bon Pain

    The Perkins chain was established in 1957, when Matt and Ivan Perkins opened what was called Smithies Pancake House in Cincinnati, Ohio. In 1958, the chain expanded as a franchise. One franchisee in Minnesota, Wyman Nelson, introduced an expanded menu and an aggressive advertising campaign in 1967. From 1969 to 1978, Nelson consolidated Perkins and another chain, Smitty's, into Perkins 'Cake & Steak'. From headquarters in Edina, Minnesota, he assumed nationwide development control of the company and focused on opening over 220 restaurants.

    Source: Wikipedia

  • 13 / 20

    Food You Feel Good About is a product line from what supermarket chain?

    • 30% Aldi
    • 13% Walmart
    • 37% Wegmans
    • 20% Safeway

    Wegmans Food Markets, Inc. is a privately held American supermarket chain. It is headquartered in Gates, New York, and was founded on January 30, 1916, in Rochester, New York. Wegmans began branding some products in 1979, offering basic commodities at a lower price than national brands. The Wegmans brand has gradually expanded. In 1992, it began another line of products, "Food You Feel Good About", which contain no artificial colors, flavors, or preservatives.

    Source: Wikipedia

  • 14 / 20

    The Smithsonian regards what company as the first modern supermarket?

    • 39% Piggly Wiggly
    • 25% Kroger
    • 18% King Kullen
    • 18% Safeway

    On August 4th, 1930, a 46-year-old Cullen opened the doors to America’s first supermarket, King Kullen Grocery Company. The Smithsonian Institute acknowledges King Kullen as America’s first supermarket, as it was “the first to fulfill all five criteria that define the modern supermarket: separate departments; self-service; discount pricing; chain marketing; and volume dealing.” The success of the supermarket was instantaneous. People came from miles around. To the public, King Kullen was more than a convenience – King Kullen supermarkets meant affordable food and gained recognition as the “World’s Greatest Price Wrecker.”

    Source: King Kullen

  • 15 / 20

    What store featured the first self-checkout machines in the U.S.?

    • 55% Kroger store
    • 6% Macy's
    • 12% Sears
    • 27% Target

    Self-checkouts (SCOs), also known as assisted checkouts (ACOs) or self-service checkouts, are machines that provide a mechanism for customers to complete their transactions from a retailer without needing a traditional staffed checkout. They were introduced to the public in July 1986; the first machine, produced by CheckRobot, was installed in a Kroger store near Atlanta, Georgia.

    Source: Wikipedia

  • 16 / 20

    In cash transactions, what does the term "C-note" refer to?

    • 9% Check
    • 4% Receipt
    • 5% Consumer ticket
    • 82% $100 banknote

    "C-note" is a slang term for a $100 banknote in U.S. currency. The "C" in C-note refers to the Roman numeral for 100, which was printed on $100 bills, and it can also refer to a century. The term came to prominence in the 1920s and 1930s, and it was popularized in a number of gangster films. "C-note" is used less frequently in contemporary slang, and it has been replaced by "Benjamin." This term comes from Benjamin Franklin, one of the founding fathers of the U.S., whose portrait is on the front of the $100 banknote.

    Source: Investopedia

  • 17 / 20

    Which of the following is a popular term in the marketing field?

    • 22% Equity
    • 17% Aspect ratio
    • 26% Credit score
    • 35% Buyer persona

    A buyer persona is a detailed description of your target audience or customer. While fictional, personas are built on market research, including existing data on your customers — this would include demographic information, motivations, and behavior, among other details. This helps businesses build a deeper understanding of their audience and is used to anchor marketing, sales, communication, and product development strategies to satisfy a given persona’s needs and preferences.

    Source: Workamajig

  • 18 / 20

    Which convenience store is known for its "Big Gulp" fountain drinks?

    • 12% Circle K
    • 2% RaceTrac
    • 83% 7-Eleven
    • 3% Kwik Trip

    Big Gulp is a line of fountain drinks owned by 7-Eleven and used at its namesake stores as well as A-Plus, Speedway, and Stripes Convenience Stores. While the name is about the original 32-US-fluid-ounce (950 ml) drink, it has since expanded to include various other sizes. The history of the Big Gulp came in 1976 from Dennis Potts, the merchandise manager for 7-Eleven in the Southern California market in the 1970s. Wanting to help lagging sales at the stores, The Coca-Cola Company suggested to Potts that they use a then-unheard of 32-ounce cup for their drinks. At the time, the average Coca-Cola bottle contained 16-US-fluid-ounce, while the largest fountain drink available was at McDonald's at 20-US-fluid-ounce (590 ml).

    Source: Wikipedia

  • 19 / 20

    What was Mastercard originally known as?

    • 21% Omni Card
    • 32% Master Key
    • 21% Charge Express
    • 26% Interbank

    Mastercard, originally known as Interbank before becoming Master Charge, began in 1966. The company began as an alliance of several regional bankcard associations reacting to the success of BankAmericard, which was issued by Bank of America, later known globally as Visa. Early bank authorizations for credit card transactions happened over the phone at first. But by 1973, Interbank revolutionized its authorization process and established a centralized computer network that connected merchants to the banks that issued credit cards.

    Source: E Investing for Beginners

  • 20 / 20

    What does FM stand for in the retail acronym FMCG?

    • 31% Full Merchandise
    • 5% Forward Manner
    • 28% Fast Moving
    • 36% Free Market

    Fast moving consumer goods are products that sell quickly at relatively low cost. These goods are also called consumer packaged goods. FMCGs have a short shelf life because of high consumer demand (e.g., soft drinks and confections) or because they are perishable (e.g., meat, dairy products, and baked goods). These goods are purchased frequently, consumed rapidly, priced low, and are sold in large quantities. They also have a high turnover when they're on the shelf at the store.

    Source: Investopedia

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