Which scenario best illustrates the concept of 'reading' customer body language and nonverbal cues?

• A customer who speaks loudly needs immediate attention
• A customer checking their phone repeatedly may be in a hurry and needs efficient service
• A customer shopping alone prefers not to be approached
• A customer wearing expensive clothes will want premium products

Which statement best describes the difference between multichannel and omnichannel retailing?

• Multichannel offers separate experiences while omnichannel provides one connected experience
• Omnichannel is cheaper to implement than multichannel
• Multichannel uses more technology than omnichannel
• There is no significant difference between the two approaches

What percentage of sales occur in physical stores in the United States according to the presentation?

• 90%
• 85%
• 75%
• 95%

What is the primary goal of retailing?

• To provide customers with merchandise and services they want—when, where, and how they want to purchase them
• To maximize profits at any cost
• To compete with other businesses in the market
• To create the most innovative shopping experience

Which of the following is NOT listed as a key business concept needed for retail success?

• Pricing
• Social media marketing
• Loss prevention
• Staffing

What distinguishes services from products in retail?

• Services are only available online
• Services are more expensive than products
• Services require more staff to deliver
• Services are intangible and cannot be physically owned by customers

In an omnichannel retail experience, what should happen when a customer buys online and wants to return the item?

• They cannot return online purchases
• They must return it to the original store location
• They can return it anywhere—store or mail
• They must return it online only

Which type of retail ownership involves a company granting a license to another entity to market and sell its products in a particular area?

• Independent
• Corporation
• Franchise
• Private Company

What role does a wholesaler play in the distribution channel?

• Buys large quantities from manufacturers and sells smaller amounts to retailers
• Provides customer service
• Manufactures the products
• Sells directly to end consumers only

What percentage of customers will never do business with a company again after just one negative experience?

• 51%
• 41%
• 46%
• 56%