2/25/2025 WATTS Customer Service Review

Front

Term for physical goods that are bought and sold.

Back

products

Front

What is the standard term for the audience of retail stores?

Back

Customers

Front

Term for intangible things, such as providing delivery, sold by retailers.

Back

Services

Front

What kinds of things does a manufacturer produce?

Back

finished products

Front

What holds large quantities of product that are later sent either to retail locations or directly to customers?

Back

Distribution Center

Front

Which term best describes a grower of potatoes?

Back

Distribution Center

Front

A majority of retailers are: Independently owned, Corporations, Franchises, Online only

Back

Independently owned

Front

What is the term for the retailing approach that focuses on creating a seamless shopping experience by integrating multiple channels?

Back

Omnichannel

Front

What is the standard definition of a retail ecosystem?

Back

An interconnected system of approaches for meeting the goal of retailing, which is to provide customers with the merchandise and services they want

Front

Approximately what percentage of U.S. jobs are retail, as of 2019?

Back

20-25%