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Quiz____?Which of the following is a term for physical goods that are bought and sold? - Answer✓✓
- Products
Quiz____?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? - Answer✓✓
- Customers
Quiz____?Which of the following is a term for intangible things, such as providing delivery, that are sold by retailers? - Answer✓✓
- Services
Quiz____?What kinds of things does a manufacturer produce? - Answer✓✓
- Finished products 1 / 3
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Quiz____?Which of the following holds large quantities of product that are later sent either to retail locations or directly to customers? - Answer✓✓
- Distribution center
Quiz____?Which of the following terms best describes a grower of potatoes? - Answer✓✓
- Manufacturer
Quiz____?
The majority of retailer are: -
Answer✓✓
- Independently owned
Quiz____?Which of the following is the term for the retailing that places the focus on creating a seamless shopping experience for customers by integrating multiple channels - Answer✓✓
- Omnichannel
Quiz____? 2 / 3
3 Which of the following is the standard definition of a retail ecosystem? - Answer✓✓
- An Interconnected system of approaches for meeting the goal of retailing, which is to
provide customers with the merchandise and services they want.
Quiz____?Approximately what percentage of U.S. jobs are retail jobs, as of 2019? - Answer✓✓
C. 20-25%
Quiz____?These customers can take a long time to make a purchase decision, and might return to a retailer several before making a purchase. - Answer✓✓
- Comparison shoppers
Quiz____?These customers tend to make quick purchase decisions, often buying inexpensive items that are not of high importance to them - Answer✓✓
- Impulse buyers
Quiz____?These customers tend to spend a lot of time checking out product and price through online sites, visiting different stores and comparing retailer ads. - Answer✓✓
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