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Which of the following holds large quantities of product that are later sent either to retail locations or directly to customers?

Distribution Center

What kinds of things does a manufacturer produce?

Finished Products

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

Manufacturer

Which of the following is a term for the retailing approach that places the focus on creating a seamless shopping experience for customers by integrating multiple channels?

Omnichannel

which of the following is a term for physical goods that are bought and sold?

Product

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

20-25%

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

An interconnected system of approaches for meeting the goal of retailing, which is to provide customers with the merchandise and services they want.

The majority of retailers are:

Independently owned

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?

Customers

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

Services


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