The History and Evolution of Retail Stores Quiz

What is the definition of retail?

• The sale of goods and services to customers with the intention to make a profit

• The exchange of goods and services between businesses

• The sale of goods and services to customers with the intention to make a loss

• The sale of goods and services to customers with the intention to break even

When did the first proper currency extend as far back as?

• 3000 BC

• 2000 BC

• 5000 BC

• 1000 BC

What is the colloquial phrase for a small, family-owned, independent business?

• Chain Store

• Big Box

• Mom and Pop

• Department Store

When was the first cash register invented?

• 1900

• 1883

• 1950

• 1920

What was the first universal credit card that could be used at multiple establishments?

• Mastercard

• Visa

• Diners Club

• American Express

When was the first indoor shopping mall opened?

• 1960

• 1956

• 1930

• 1922

In what year did Amazon report a net income over $10 billion dollars?

• 2020

• 2010

• 2000

• 2018

What percentage of U.S. consumers shop online, compared to 22% in 2000?

• 60%

• 80%

• 70%

• 50%

Which retailer is the leading supermarket operator in the U.S.?

• Costco

• Target

• Walmart

• Kroger

Which retailer filed for bankruptcy, making it the third largest bankruptcy in U.S. history?

• Costco

• Toys R Us

• Sears

• Amazon