Rise Up Unit 1 Vocabulary

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Retail

Back

The process of selling products and/or services to customers to earn a profit.

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Retailer

Back

a business or person that sells products and/or services to customers

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Products

Back

Physical goods that are bought and sold (also called merchandise).

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Services

Back

Intangible transactions; cannot be physically owned by the customer.

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Manufacturer

Back

a business that makes finished products out of processed goods

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Wholesaler

Back

a business that buys goods in large amounts and resells them to other businesses in smaller lots

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Warehouse

Back

a storehouse for goods and merchandise

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Independent Retailer

Back

typically a single store or small regional chain owned by an individual

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Private Company

Back

a company that is owned by a person, family, or small group of investors that does not sell shares of stock in the company to the public

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Corporation

Back

a business owned by stockholders who share in its profits. It usually has a centralized headquarters with many store locations