Welcome to Retail

Front

During a school project, Aria and Benjamin decide to set up a small stall to sell handmade crafts. Which of the following terms best describes the handmade crafts in this scenario?

Back

Products

Front

Luna is starting a business that involves going to people's homes to groom their pets. Which of the following terms best describes the intangible things that Luna's business provides? Gifts, Training, Services, Products

Back

Services

Front

Which of the following terms best describes someone who grows potatoes? Manufacturer, Wholesaler, Distribution Center, Retailer

Back

Manufacturer

Front

Manufacturer --> Wholesaler --> Retailer --> Customer
This is an example of?

Back

A Distribution Channel

Front

What kind of things does a manufacturer produce?

Back

Finished Products

Front

Approximately what percentage of U.S jobs were retail jobs in 2019? Options: 5-10%, 10-15%, 20-25%, 35-40%

Back

20-25%

Front

Arjun is planning to start a business that sells handmade crafts directly to consumers through an online platform. Which of the following terms best describes Arjun's business model? Wholesaler, Manufacturer, Retailer, Customers

Back

Retailer

Front

Maya knits her own sweaters and sells them directly to her friends and family. What is the distribution channel Maya uses?

Back

Manufacturer/Retailer --> Consumer

Front

What type of business ownership is it when Noah is granted a license to sell Subway's sandwiches?

Back

Franchise

Front

Emma has started a business and plans to sell her handmade jewelry through her online store, physical boutique, and various craft fairs. This strategy is known as what?

Back

Multichannel