Flashcards on Understanding Retailers and Shopping
Understanding Retailers & Shopping: A Student's Guide
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Retail and Shopping
20 cards
Card 1
Question: What does the term 'retail' mean?
Answer: Selling goods directly to customers.
Card 2
Question: What is the supply chain?
Answer: The process from production to the customer.
Card 3
Question: What are the roles of producers, wholesalers, and retailers in the supply chain?
Answer: Producers make goods, wholesalers distribute them, and retailers sell them to customers.
Card 4
Question: Why are retailers important in the economy?
Answer: They connect producers with customers and make products available to consumers.
Card 5
Question: How do small shops and local stores typically differ from larger retailers?
Answer: They usually offer a limited number of products and personal service.
Card 6
Question: What kinds of goods do supermarkets and hypermarkets typically sell?
Answer: A wide variety of goods, especially food and household products.
Card 7
Question: How do department stores differ in what they offer?
Answer: They offer many different product types in one place, such as clothes, cosmetics, and home goods.
Card 8
Question: What is the main difference between supermarkets and hypermarkets?
Answer: Hypermarkets are bigger and sell more products than supermarkets.
Card 9
Question: What is online retailing (online shopping)?
Answer: Buying products over the internet and having them delivered to your address.
Card 10
Question: What are advantages of online shopping?
Answer: It is convenient, often faster, and often offers a wider choice of products.