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Unit 3- Retailing- Business Innovations Flashcards | StudBud
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Unit 3- Retailing- Business Innovations
Unit 3- Retailing- Business Innovations
18 terms
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A review for the Unit 3 test in business innovations
Flashcards
18 cards
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Practice quiz
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Questions
18
Answers
1
__ is a manufacturer owned store (factory store) that sells returned merchandise at low prices.
chain store
wholesale club
outlet store
department store
2
Retailers buy merchandise so that they have ___________ to sell.
management
time
services
stock
3
___________ is someone who buys large quantities of a product and then resells it to retailers.
manufacturers
wholesalers
agents
retailers
4
A path that leads directly from manufacturer to consumer is the _______ channel.
wholesale
direct
distribution
indirect
5
Retailing is ______________
the selling of goods and services for resale
the selling of used goods and services to make a profit
the buying of goods and services
the selling of products to customers
6
Food retailers are __________
second largest category in retail industry
all of the answers
large segment
consist of supermarkets, store and centers
7
In the Tide to Go competition, Primarius lost because they ___________________________
Lack of leadership
Lack of teamwork
Lack of communication
Didn't have an idea
8
Retailing is the Selling of Goods, Services and ?
Clothing
Merchandise
Ideas
Products
9
_ is a large store that offers volume discount prices, minimal variety, presentation & service.
general merchandise retailer
chain store
warehouse club
department store
10
30% of Employees Quit within 90 Days. What is this an Example of?
Employee Retention
Quitting
Employee Turnover
Leave of Absence
11
There are 10 Game Changing Trends when discussing the Future of Retail. Which one is NOT one of them.
climate conscious retail
social commerce
retailer dependability
supply chain resilience
12
From the Story of Stuff, the golden arrow means ________
shopping/ buying
how much we produce
sustainability factor
consumption of tangibles
13
A purchaser of goods and services from retailers is called ______________
wholesalers
customers
buyers
agents
14
Composting and Recycling are Examples of?
Reselling
Sustainability
Reducing Waste
Energy Efficency
15
Why is Retailing Important to the Economy?
Ideas
Adds to the GDP
Money
Decreases the GDP
16
The Customer is always ________?
Right
Buying
Wrong
Responsible
17
Goods and services that have monetary value are _____________
services
retailers
wholesalers
products
18
A retailer that operates and conducts business from a fixed location is known as ____________
store based retailer
rental services
chain store retailer
junior department store