1.1 What is Retail? Knowledge Check

Front

What is considered a retail service?

Back

Car wash

Front

The selling of goods and/or services to a customer is called

Back

retail

Front

Term for physical goods that are bought and sold

Back

Products

Front

What is the standard term for the audience of retail stores, the people who buy things from the stores?

Back

Customers

Front

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

Back

Services

Front

Which term best describes a grower of potatoes?

Back

Manufacturer

Front

The majority of retailers are

Back

Independently Owned

Front

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

Back

Omnichannel

Front

Approximately what percentage of US Jobs are retail jobs, as of 2019? Options: 5-10%, 10-15%, 20-25%, 35-40%

Back

20-25%

Front

What kinds of things does a manufacturer produce?

Back

finished products