Rise Up Retail Review

What is the process of selling products and/or services to earn a profit called?

• Retail

• Wholesale

• Manufacturing

• Distribution

Who are the people that purchase goods or services from a business?

• Customers

• Retailers

• Manufacturers

• Wholesalers

What are physical goods that are bought or sold, also known as merchandise?

• Products

• Services

• Retail

• Franchise

What type of transactions are intangible and include services like lawn mowing and haircuts?

• Services

• Products

• Retail

• Wholesale

What is the term for multiple buying options that are separate?

• Multi-Channel Retailing

• Omni-Channel Retailing

• Wholesale

• Manufacturing

What type of retailing involves seamless and interconnected buying options?

• Omni-Channel Retailing

• Multi-Channel Retailing

• Wholesale

• Manufacturing

Who produces finished products and is the place that makes or grows the products?

• Manufacturer

• Retailer

• Wholesaler

• Franchise

Who purchases large quantities from the manufacturer and sells smaller amounts to retailers?

• Wholesaler

• Retailer

• Manufacturer

• Franchise

What type of retail ownership is typically a single store or small regional chain?

• Independent

• Corporation

• Franchise

• Private Company

What type of business is owned by shareholders through publicly traded stock?

• Corporation

• Independent

• Franchise

• Private Company