Nrf Business of Retail

In my small town, __________ stores are owned by families instead of corporations.

• trade

• retail

• sector

• vendor

__________ prices are normally available to retailers only and not to customers.

• wholesale

• retail

• vendor

• patent

The sale of a product by a business directly to a customer without any intermediary.

• Wholesale

• Services

• Retail

• Dropshipping

In the context of business, what does 'retail' refer to?

• A) Selling goods in large quantities

• B) Selling goods directly to consumers

• C) Manufacturing goods

• D) Distributing goods to wholesalers

Which of the following is a synonym for 'retail'?

• A) Wholesale

• B) Direct sale

• C) Manufacturing

• D) Distribution

What is the primary focus of a retail business?

• A) Producing goods

• B) Selling goods to consumers

• C) Importing goods

• D) Exporting goods

In a retail context, what does 'inventory' refer to?

• A) The list of employees

• B) The stock of goods available for sale

• C) The number of customers

• D) The amount of sales revenue

Which of the following best describes a 'retailer'?

• A) A person who buys goods in bulk

• B) A person who sells goods directly to consumers

• C) A person who manufactures goods

• D) A person who distributes goods to wholesalers

What is the opposite of 'retail'?

• A) Wholesale

• B) Direct sale

• C) Manufacturing

• D) Distribution

Which sentence uses the word 'retail' correctly?

• A) The company decided to retail their products to other businesses.

• B) The retail of the product was handled by the manufacturer.

• C) She works in retail, selling clothes to customers.

• D) Retail prices are usually higher than wholesale prices.