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Retailing Chaper 1

Retailing Chapter 1 Jeopardy Powerpoint

QuestionAnswer
1. True or False? Retailing has many different career areas to offer. True
2. One of the careers is Marketing and ______. Advertising
3. The store manager does what? If answer is logical, it will be correct but it should be along the lines of, “A manager takes care of all the duties that need to be maintained to keep the store in business.”
4. An entrepreneur risks what? Their money to run a business.
5. What is the person who hires you job’s title? Human Resources
6. True or False In order to keep a retailing business running smoothly, you must maintain only what you want to maintain. False, you must maintain all that needs to be maintained.
7. What should a manager do if their store is running low on a certain supply? Buy more merchandise.
8. When a retailer buys a product for the first time what should they do next? A. Stock it. B. Hold it. C. Price it. C. Price it.
9. Why is it important to advertise a product? So that customers are aware of the goods and services offered. It expands the customer base.
10. What is the most important in maintaining a retailing business? A. Buying Merchandise B. Selling Goods or Services C. Storing Goods Purchased B. Selling Goods or Services
11. True or False Retailers offer benefits other than just products and services. True
12. Retailers benefits the community, local, and ______ economies. National
13. One benefit to the customer is _____. The Availability
14. Many local retailers usually hire what type of students? A. Art Students B. Marketing Students C. C Average Students B. Marketing Students
15.Hiring people is a benefit to which of the following? A. Local Economies B. The community C. National Economies D. All of the above D. All of the above.
16. True or False Retailing is the producing of products to the customer. False, selling of products
17. What is a product? A good or service that have monetary value.
18. Describe a service a retailer might offer. Product Repair Service, customer service, etc.
19. What is a person that buys a product? Customer or retail customer.
20. What are the two main types of retailers? Goods retailers and service retailers.
21. True or False Trading products and services before money existed was also retailing. True
Created by: Roberta_Phillips
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