Rise Up Vocabulary List #1

Front

Retail

Back

The process of selling products and/or services to customers to earn a profit.

Front

Retailer

Back

a business or person that sells products and/or services to customers

Front

Products

Back

Physical goods that are bought and sold (also called merchandise).

Front

Services

Back

Intangible transactions; cannot be physically owned by the customer.

Front

Manufacturer

Back

a business that makes finished products out of processed goods

Front

Wholesaler

Back

a business that buys goods in large amounts and resells them to other businesses in smaller lots

Front

Warehouse

Back

a storehouse for goods and merchandise

Front

Independent Retailer

Back

typically a single store or small regional chain owned by an individual

Front

Private Company

Back

a company that is owned by a person, family, or small group of investors that does not sell shares of stock in the company to the public

Front

Corporation

Back

a business owned by stockholders who share in its profits. It usually has a centralized headquarters with many store locations