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Rise Up: Retail Fundamentals Review Part 1

Total questions: 14

Worksheet time: 9mins

Name
Class
Date
1.

Michael and Abigail are curious about how their favorite gadgets are made. Who is responsible for the production of finished products?

a)

Wholesaler

b)

Distributor

c)

Corporation

d)

Manufacturer

2.

Lily, Ava, and Anika are discussing business in class. Lily asks, "Hey, do you know what kind of transactions services are?" What is the correct answer?

a)

intangible

b)

product

c)

invisible

d)

expensive

3.

Anika, Evelyn, and Nora are on a shopping adventure! They want to explore all the cool ways a retail ecosystem lets them buy things. Can you help them pick the channels where they can actually make purchases? Mark the choices that are good representations of these channels.

a)

App

b)

radio commercial

c)

physical store

d)

store website

4.

Anika, Benjamin, and Maya are on a fun adventure to learn about retail ownership! They spot this famous sign and wonder: Which type of retail ownership does this image represent?

a)

Franchise

b)

Independent

c)

Corporation

d)

Private Company

5.

Ava, Arjun, and Mia are starting their own store! Where do they go to buy the products they want to sell?

a)

Manufacturer

b)

Amazon

c)

Wholesaler

d)

Corporation

6.

Ava and James are shopping for their favorite gadgets. Ava finds a cool item online, but when James checks the store, it's nowhere to be found! Which type of retailing lets you buy products in multiple ways, but each way is a separate entity—so what's online isn't in stores?

a)

multichannel retailing

b)

omnichannel retailing

7.

Imagine Harper and Benjamin are running a lemonade stand. Who are the people who purchase goods or services from their business?

(a)  

8.

Zoe and Ethan are running a school store. What do we call the physical goods that they buy and sell?

(a)  

9.

Isla, Oliver, and Avery are on a musical adventure in Cincinnati and stumble upon the legendary Shake It Records! Can you help them figure out what type of retail ownership this cool shop represents?

a)

franchise

b)

corporation

c)

private company

d)

independent

10.

Abigail, Priya, and Aria are having a fun debate about famous companies. If you spot the Coca-Cola Company logo, can you guess which type of retail ownership it represents?

a)

private company

b)

franchise

c)

corporation

d)

independent

11.

Olivia, Mason, and Zoe are curious: 1 in (a)   Americans is employed in retail. Can you guess the answer?

12.

Imagine Ethan, Oliver, and David are looking for their first jobs. Which group is most likely to find opportunities in retail?

a)

teens

b)

senior citizens

c)

women

d)

college students

13.

Grace, Mia, and Mason are curious about the job market! Can you guess what percentage of jobs in every state are retail?

a)

5-10%

b)

50-55%

c)

10-15%

d)

20-25%

14.

Imagine James is shopping for his favorite sneakers. He checks them out online, visits the store, and even uses an app to compare prices—all seamlessly connected! What is this type of retail called?

a)

multichannel

b)

omnichannel