Rise Up: Retail Fundamentals Review Part 1

Responsible for the production of finished products

• Wholesaler

• Distributor

• Corporation

• Manufacturer

Services are ______ transactions

• intangible

• product

• invisible

• expensive

A retail ecosystem provides customers with merchandise and services multiple channels with which they can make purchases. Mark the choices that are good representations of these channels.

• App

• radio commercial

• physical store

• store website

Which type of retail ownership does this image represent>

• Franchise

• Independent

• Corporation

• Private Company

This is where retailers purchase the products they sell.

• Manufacturer

• Amazon

• Wholesaler

• Corporation

Which type of retailing involves multiple ways to buy products, but all of them are separate entities.

For example: What's available online, is not available in stores.

• multichannel retailing

• omnichannel retailing

People who purchase goods or services from a business

physical goods that are bought and sold

Shake It Records in Cincinnati represents what type of retail ownership?

• franchise

• corporation

• private company

• independent

Coca-Cola Company represents which type of retail ownership?

• private company

• franchise

• corporation

• independent