CS Ch. 1 Practice- Welcome to Retail

Front

Term for physical goods that are bought and sold?

Back

Products

Front

Standard term for the audience of retail stores (people who buy things from the stores).

Back

Customers

Front

Term for intangible things, such as providing delivery, sold by retailers.

Back

Services

Front

What kind of things does a manufacture produce?

Back

Finished Products

Front

What holds large quantities of product that are later sent either to retail locations or directly to customers?

Back

Distribution Center

Front

Which of the following terms best describe a grower of potatoes? Manufacturer, Wholesaler, Distribution Center, Retailer

Back

Manufacturer

Front

The majority of retailers are: Independently Owned, Corporations, Franchises, Online Only

Back

Independently Owned

Front

Term for retailing approach that focuses on creating a seamless shopping experience by integrating multiple channels.

Back

Omnichannel

Front

Retail ecosystem

Back

An interconnected system of approaches for meeting the goal of retailing, which is to provide customer with the merchandise and services they want.

Front

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

Back

20-25%