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Which of the following is a term for physical goods that are bought and sold? - answerB.
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? - a...
Which of the following is the standard definition of a retail ecosystem? - answer✔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? - answer✔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. - answer✔D. Comparison shoppers
These customers tend to make quick purchase decisions, often buying inexpensive items that are
not of high importance to them - answer✔B. Impulse buyers
These customers tend to spend a lot of time checking out product and price through online sites,
visiting different stores and comparing retailer ads. - answer✔D. Comparison shoppers
These customers view shopping as a fun occasion, so shopping does not necessarily include
making a purchase. - answer✔B. Impulse buyers
These customers have an early adopter mindset and want to be recognized as trendsetters by
others. - answer✔A. Innovation/trend buyers
These shoppers have typically enjoyed repeated and valued positive customer experiences with a
particular retailer. - answer✔A. Loyal customers
These shoppers are rarely the first to try new products. - answer✔B. Followers
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