Rise Up Retail Industry Fundamentals
products—ANSWER--physical goods that you can buy and sell
services—ANSWER--things that you pay for--someone's expertise--they are
intangible things
retail—ANSWER--the process of selling products and services to
customers in order to earn a profit
customers—ANSWER--people who purchase goods and services from a
business
retail ecosystem—ANSWER--an interconnected system of approaches
designed to meet the goal of retail
goal of retail—ANSWER--provide customers with the goods and services
they want--when, where, and how they want them
multichannel retail—ANSWER--customers have many channels, but the
channels are not connected to one another
products—ANSWER--physical goods that you can buy and sell
services—ANSWER--things that you pay for--someone's expertise--they are
intangible things
retail—ANSWER--the process of selling products and services to
customers in order to earn a profit
customers—ANSWER--people who purchase goods and services from a
business
retail ecosystem—ANSWER--an interconnected system of approaches
designed to meet the goal of retail
goal of retail—ANSWER--provide customers with the goods and services
they want--when, where, and how they want them
multichannel retail—ANSWER--customers have many channels, but the
channels are not connected to one another
