Types of Industries

Which industry involves growing crops and raising animals for food?

• Manufacturing

• Retail

• Agriculture

• Services

Which industry helps connect manufacturers with consumers?

• Agriculture

• Manufacturing

• Retail

• Services

What is the primary function of the retail industry?

• Producing raw materials

• Selling goods directly to consumers

• Providing healthcare services

• Educating students

What does the agriculture industry provide that is essential?

• Clothing

• Food

• Technology

• Education

Why do wholesalers sell products at a lower price to retailers?

• To increase consumer prices

• To allow retailers to stock their stores easily

• To reduce the quality of products

• To compete with manufacturers

What is another term for buying wholesale?

• Retail buying

• Direct buying

• Bulk buying

• Consumer buying

Which of the following is an example of a wholesaler?

• A local grocery store

• A small bakery

• Costco

• A neighborhood cafe

Which of the following is an example of manufacturing?

• Farmers growing rice

• HEB selling cereal

• Factories making cereal

• Restaurants selling cereal

What is the relationship between the five types of industries mentioned?

• They are independent and unrelated

• They are interconnected and essential

• They compete with each other

• They are all part of the retail industry

What is the role of wholesalers in the supply chain?

• They act as a middleman between producers and retailers

• They sell directly to consumers

• They manufacture goods

• They provide financial services