Sears and the Evolution of Retail

In 1969, what percentage of the United States GDP was accounted for by Sears' revenue?

• 2%

• 3%

• 1%

• 0.5%

What unique product could customers purchase from Sears' mail-order catalog?

• A house

• A boat

• A plane

• A car

How did Sears ensure customers were informed about the delivery status of their orders?

• By mailing postcards

• By making phone calls

• By sending text messages

• By sending emails

What major event led to many customers defaulting on their Sears home mortgages?

• The Great Depression

• The 1929 Stock Market Crash

• World War II

• World War I

What was the financial outcome for Sears after the foreclosure crisis related to their home-selling program?

• A net loss of $2.6 million

• A net profit of $2.6 million

• A net profit of $43 million

• A net loss of $43 million