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Ch. 1.1 “Welcome to Retail”

Authored by Kendall Philippe

Other

9th Grade

Used 12+ times

Ch. 1.1 “Welcome to Retail”
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is the process of selling products and/or services to customers to earn a profit.

Retail

Manufacturing

Banking

Farming

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is defined as a business or person that sells products and/or services to customers.

Retailer

Manufacturer

Wholesaler

Supplier

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______, or shoppers, are people who purchase goods or services from a business.

Customers

Employees

Managers

Suppliers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______, also called merchandise, are physical goods that are bought and sold, such as food, clothes, and household items.

Products

Services

Investments

Resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ are intangible transactions, such as lawn mowing, hair care services and personal training.

Services

Products

Goods

Commodities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The goal of ______ is to provide customers with the merchandise and services they want—when, where, and how they want to purchase them.

retailing

manufacturing

wholesaling

advertising

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The distribution channel often begins with a ______ who produces finished products, like toys and frozen hamburger patties.

manufacturer

retailer

consumer

wholesaler

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