Welcome to Retail

During a school project, Aria and Benjamin decide to set up a small stall to sell handmade crafts. Which of the following terms best describes the handmade crafts in this scenario?

• Sales

• Products

• Pricing

• Services

Luna is starting a business that involves going to people's homes to groom their pets. Which of the following terms best describes the intangible things that Luna's business provides?

• Gifts

• Training

• Services

• Products

Which of the following terms best describes someone who grows potatoes?

• Manufacturer

• Wholesaler

• Distribution Center

• Retailer

Manufacturer --> Wholesaler --> Retailer --> Customer

This is an example of?

• A Distribution Channel

• Wholesaler

• Franchise

• Corporation

What kind of things does a manufacturer produce?

• Raw Materials

• Fossil Fuels

• Services

• Finished Products

Approximately what percentage of U.S jobs were retail jobs in 2019?

• 5-10%

• 10-15%

• 20-25%

• 35-40%

Arjun is planning to start a business that sells handmade crafts directly to consumers through an online platform. Which of the following terms best describes Arjun's business model?

• Wholesaler

• Manufacturer

• Retailer

• Customers

Maya knits her own sweaters and sells them directly to her friends and family. What is the distribution channel Maya uses?

• Wholesaler --> Retailer --> Consumer

• Manufacturer/Retailer --> Consumer

• Consumer

• Consumer --> Manufacturer

Imagine Noah has decided to start a business where he is granted a license to sell Subway's sandwiches. What type of business ownership is this?

• Corporation

• Franchise

• Private Company

• Independent Retailer

Emma has started a business and plans to sell her handmade jewelry through her online store, physical boutique, and various craft fairs. This strategy is known as what?

• Seamless Channel

• Distribution Channel

• Multichannel

• Manufacturer