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Exam (elaborations)

Rise Up Questions and Correct Answers & Latest Updated

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Which of the following is a term for physical goods that are bought and sold? o :## B. Products Which of the following is a standard term that describes the audience of retail stores-that is the people who will buy things from the stores? o :## D. Customers Which of the following is a term fo...

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  • September 1, 2024
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  • 2024/2025
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Rise Up Questions and Correct Answers &
Latest Updated
Which of the following is a term for physical goods that are bought and sold?

o :## B. Products




Which of the following is a standard term that describes the audience of retail stores-that is the

people who will buy things from the stores?

o :## D. Customers




Which of the following is a term for intangible things, such as providing delivery, that are sold by

retailers?

o :## C. Services




What kinds of things does a manufacturer produce?

o :## D. Finished products




Which of the following holds large quantities of product that are later sent either to retail

locations or directly to customers?

o :## C. Distribution center




Which of the following terms best describes a grower of potatoes?

o :## A. Manufacturer




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The majority of retailer are:

o :## A. Independently owned




Which of the following is the term for the retailing that places the focus on creating a seamless

shopping experience for customers by integrating multiple channels

o :## B. Omnichannel




Which of the following is the standard definition of a retail ecosystem?

o :## A. An Interconnected system of approaches for meeting the goal of retailing, which is to

provide customers with the merchandise and services they want.




Approximately what percentage of U.S. jobs are retail jobs, as of 2019?

o :## C. 20-25%




These customers can take a long time to make a purchase decision, and might return to a retailer

several before making a purchase.

o :## D. Comparison shoppers




These customers tend to make quick purchase decisions, often buying inexpensive items that are

not of high importance to them

o :## B. Impulse buyers




Exams and Correct Answers |Best Grades | Excellence | Success

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