Business of Retail Chapter One Study Guide

Front

What kind of retail ownership is typically a single store, a small regional chain or entrepreneur?

Back

Independent ownership

Front

What kind of retail ownership is a business that is owned by shareholders through publicly traded stock, which usually has numerous stores and decision making for all stores?

Back

Corporate ownership

Front

What kind of retail ownership grants a license to another entity to market and sell its products or services in a particular area?

Back

Franchise ownership

Front

What kind of things does a manufacturer produce?

Back

Finished products

Front

What term best describes a grower of potatoes?

Back

Manufacturer

Front

Approximately what percentage of jobs were retail as of 2019?

Back

About 20%

Front

The majority of retailers are?

Back

Independently owned

Front

A retailer's profit is?

Back

The amount the company gets to keep, after expenses

Front

“Mom and Pop” stores are an example of which type of retail ownership?

Back

Independent ownership

Front

Walmart, Kroger, Target are examples of what type of retail ownership?

Back

Corporate ownership