Retail Management_2ndSem-MidtermReviewer

Retail involves selling goods directly to consumers

• TRUE

• FALSE

the word "retail" comes from latin term meaning "to sell in bulk"

• TRUE

• False

retailers typically buy products from manufacturers or wholesalers before selling them to consumers

• TRUE

• FALSE

wholesalers sell directly to consumers, just like retailers

• TRUE

• FALSE

An online shop that sells products to individual customers is considered a retailer

• TRUE

• FALSE

a grocery store is an example of retailer

• TRUE

• False

retailers only sell physical products not services

• TRUE

• FALSE

department stores, supermarkets, and e-commerce websites are all examples of retailers

• True

• False

retailers do not set prices for the products they sell: only manufacturers do

• true

• false

retailer sell products in bulk quantities to consumers

• true

• false