A retail business owned by the shareholders and having a centralized decision making for their multiple store locations is called:
RetailFlashcard.1

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Specialty
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
a corporation
2.
FLASHCARD QUESTION
Front
The repetitive cycle that occurs with retailers in regard to product assortment is called:
Back
the retail product cycle
3.
FLASHCARD QUESTION
Front
People who purchase goods and/or services
Back
customers
4.
FLASHCARD QUESTION
Front
The term for distributing merchandise from the manufacturer to retail locations is called:
Back
allocation
5.
FLASHCARD QUESTION
Front
The physical goods (that can be touched) and can be bought and sold are called:
Back
products
6.
FLASHCARD QUESTION
Front
The selling of goods and/or services to a customer is called:
Back
retail
7.
FLASHCARD QUESTION
Front
Which item is considered a retail product? Options: Extended warranty on a refrigerator, A new refrigerator, Refrigerator repair, Refrigerator delivery
Back
A new refrigerator
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