Answers |Actual Complete Exam |Already Graded A+
which of the filling is a term for physical goods that are bought and sold?
a. sales
b. products
c. pricing
d. services ✔Correct Answer-b. products
which of the following is a standard term that describes the audience of retail stores - that is,
the people who will buy things from the stores?
a. manufacturers
b. wholesalers
c. buyers
d. customers ✔Correct Answer-d. customers
which of the following is a term for intangible things, such as providing delivery, that are sold by
retailers?
a. gifts
b. training
c. services
d. products ✔Correct Answer-c. services
what kinds of things does a manufacturer produce?
a. raw material
b. fossil fuels
c. services
d. finished products ✔Correct Answer-d. finished products
which of the following holds large quantities of product that are later sent either to retail
locations or directly to customers>
a. manufacturer
b. wholesaler
c. distribution center'
d. retailer ✔Correct Answer-c. distribution center
which of the following terms best describes a grower of potatoes?
manufacturer
wholesaler
distribution center
retailer ✔Correct Answer-manufacturer
, the majority of retailers are:
- independently owned
- corporations
- franchises
- online onlu ✔Correct Answer-independently owned
which of the following is the term for the retailing approach that places focus on creating a
seamless shopping experience for customers by integrating multiple channels?
- multichannel
- omni channel
- integrated channel
- seamless channel ✔Correct Answer-omni channel
an interconnected system approaches for meeting the goal of retailing, which is to provide
customers with the merchandise and services they want ✔Correct Answer-retail ecosystem
approximately what percentage of the U.S. jobs are retail jobs, as of 2019? ✔Correct Answer-
20-25%
these customers can take a long time to make a purchase decision, and might return to a
retailer several times before making a purchase.
- innovation/trend buyers
- impulse buyers
- recreational buyers
- comparison shoppers ✔Correct Answer-comparison shoppers
these customers tend to make quick purchase decisions, often buying inexpensive items that
are not of high importance.
- innovation/trend buyers
- impulse buyers
- recreational buyers
- comparison shoppers ✔Correct Answer-impulse buyers
these customers tend to spend a lot of time checking out products and prices through online
sites, visiting different stores and comparing retailer ads.
- innovation/trend buyers
- impulse buyers
- recreational buyers
- comparison shoppers ✔Correct Answer-comparison shoppers
these customers view shopping as a fun occasion, so shopping does not necessarily include
making a purchase.
- innovation/trend buyers
- impulse buyers