Questions and CORRECT Answers
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%