2.01 Review

Retailing occurs wherever goods are:

• researched and designed

• created or manufactured.

• traded or exchanged for other goods.

• sold to consumers or the ultimate customer.

All businesses should be socially responsible to whom?

•  

   endorsers

   

• B.

   

   producers

   

•  

   users

   

• providers

A large retailer wants to contribute to the well-being of society. It donates 10% of its proceeds to a charity that helps the environment. The retailer is demonstrating:

•  

   e-tailing.

   

• social responsibility

• wholesaling

• voluntary merchandise

Monte works for a grocery store that buys food from producers and then sells it to customers. The grocery store is an example of a:

• trade industry

• raw-good producer

• service business

• builder

The two main divisions of the trade industry are:

• producers and wholesalers

• manufacturers and wholesalers

• wholesalers and retailers

• producers and retailers

What do service businesses sell?

• intangible goods and services

• raw goods and service

• retail goods and services

• wholesale goods and services

A business that buys goods or services and sells them to the ultimate consumer is

• manufacturers

• producers

• retailers

• wholesalers