Business of Retail - Unit 1

Which of the following is a term for physical goods that are bought and sold?

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? (Manufacturers, Wholesalers, Buyers, Customers)

Which of the following is a term for intangible things, such as providing delivery, that are sold by retailers?

What kinds of things does a manufacturer produce? (1.1) Raw material, Fossil fuels, Services, Finished products

Which of the following describes a grower of strawberries? (1.1) Options: Manufacturer, Wholesaler, Distribution center, Retailer

Which of the following is the term for the retailing approach that places the focus on creating a seamless shopping experience for customers by integrating multiple channels?

The majority of retailers are: Independently owned, Corporations, Franchises, Online only

Which of the following is the standard definition of a retail ecosystem?

Approximately what percentage of U.S. jobs are retail jobs, as of 2019?

What term describes delivering a positive, memorable experience that is more than what the customer expected?