NOCTI #3: Introduction to Retail Management

NOCTI #3: Introduction to Retail Management

9th - 12th Grade

23 Qs

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NOCTI #3: Introduction to Retail Management

NOCTI #3: Introduction to Retail Management

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Heather Turicchi

Used 33+ times

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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following terms describes retail?

Individually selling products directly to the customer

The sale of products in bulk directly from the manufacturer

Locations where manufacturers distribute and sell their goods

Large self-service grocery stores

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a term for physical goods that are bought and sold?

Pricing

Services

Products

Sales

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Amazon is an example of a pure ___________ retailer.

Television Shopping

Online

Direct Sales

Catalog

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following terms describes wholesale?

Individually selling products directly to the customer

The sale of products in bulk directly from the manufacturer

Locations where manufacturers distribute and sell their goods

Large self-service grocery stores

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

When you have a physical retail location, that is known as having a _______________ presence.

shopping mall

shopping center

bricks and mall

brick and mortar

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A retailer with two or more location is often referred to as a/an _____.

Powerhouse

Chain

Oligarchy

Democracy

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is a niche market?

A store which has developed branches offering the same product in different locations

Locations where manufacturers distribute and sell their goods through retailers

A specialized area of sales targeting a specific group rather than the mass

An open-air form of retail outlet which often includes multiple sellers gathering in a central location at a designated time

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