Rise Up: Retail Fundamentals Review Part 1

Michael and Abigail are curious about how their favorite gadgets are made. Who is responsible for the production of finished products?

• Wholesaler

• Distributor

• Corporation

• Manufacturer

Lily, Ava, and Anika are discussing business in class. Lily asks, "Hey, do you know what kind of transactions services are?" What is the correct answer?

• intangible

• product

• invisible

• expensive

Anika, Evelyn, and Nora are on a shopping adventure! They want to explore all the cool ways a retail ecosystem lets them buy things. Can you help them pick the channels where they can actually make purchases? Mark the choices that are good representations of these channels.

• App

• radio commercial

• physical store

• store website

Anika, Benjamin, and Maya are on a fun adventure to learn about retail ownership! They spot this famous sign and wonder: Which type of retail ownership does this image represent?

• Franchise

• Independent

• Corporation

• Private Company

Ava, Arjun, and Mia are starting their own store! Where do they go to buy the products they want to sell?

• Manufacturer

• Amazon

• Wholesaler

• Corporation

Ava and James are shopping for their favorite gadgets. Ava finds a cool item online, but when James checks the store, it's nowhere to be found! Which type of retailing lets you buy products in multiple ways, but each way is a separate entity—so what's online isn't in stores?

• multichannel retailing

• omnichannel retailing

Imagine Harper and Benjamin are running a lemonade stand. Who are the people who purchase goods or services from their business?

(a)  

Zoe and Ethan are running a school store. What do we call the physical goods that they buy and sell?

(a)  

Isla, Oliver, and Avery are on a musical adventure in Cincinnati and stumble upon the legendary Shake It Records! Can you help them figure out what type of retail ownership this cool shop represents?

• franchise

• corporation

• private company

• independent

Abigail, Priya, and Aria are having a fun debate about famous companies. If you spot the Coca-Cola Company logo, can you guess which type of retail ownership it represents?

• private company

• franchise

• corporation

• independent