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1) Which of the following activities does not fit within the scope of retailing?
A) medical services to families
B) direct-to-home sales
C) vending purchases by factory workers
D) sales to wholesalers
Answer: D
Difficulty: Challenging
Skill: Terminology/Concept
3) According to the Department of Commerce, annual U.S. retail store sales are about ________.
A) $200 billion
B) $1.5 trillion
C) $3.5 trillion
D) $5.0 trillion
Answer: D
Difficulty: Moderate
Skill: Terminology/Concept
4) About how many people are employed by traditional retailers in the United States?
A) 11 million
B) 15 million
C) 25 million
D) 34 million
Answer: B
Difficulty: Moderate
Skill: Terminology/Concept
1
Copyright © 2018 Pearson Education, Inc.
7) In 2015, the four largest retailing companies (in order of size from largest to fourth largest on
the basis of sales) were ________.
A) Walmart, Sears, Safeway, and J.C. Penney
B) Walmart, Kroger, Costco, and Home Depot
C) Walmart, Kmart, Kroger, and Federated Department Stores
D) Walmart, Woolworth, Kroger, and Kmart
Answer: B
Difficulty: Moderate
Skill: Terminology/Concept
8) On the average, ________ percent of every sales dollar goes to department stores as payment
for the activities they perform.
A) 12
B) 18
C) 36
D) 50
Answer: C
Difficulty: Moderate
Skill: Terminology/Concept
9) In 2015, the pre-tax profits for department stores averaged about ________ percent of sales.
A) 0.5
B) 1.0
C) 2.1
D) 3.5
Answer: C
Difficulty: Moderate
Skill: Terminology/Concept
2
Copyright © 2018 Pearson Education, Inc.
10) The channel of distribution consists of ________.
A) the movement of goods and services from manufacturer to consumer-user
B) all of the businesses and people involved in the physical movement and transfer of ownership
of goods and services from producer to consumer
C) all independent intermediaries involved with the transfer of title of goods and services
D) all middlemen involved with the physical movement of goods and services
Answer: B
Difficulty: Moderate
Skill: Terminology/Concept
11) Which of the following is generally not considered a party in a typical channel of
distribution?
A) retailer
B) final consumer
C) wholesaler
D) advertising agency
Answer: D
Difficulty: Moderate
Skill: Terminology/Concept
12) A retailer sells to multiple retail formats and multiple points of contact. This illustrates
________.
A) vertical integration
B) the sorting process
C) omnichannel retailing
D) the importance of impulse retailing
Answer: C
Difficulty: Moderate
Skill: Terminology/Concept
13) A retailer collects an assortment of goods and services from various sources, buys in large
quantities, and sells in small amounts to final consumers. This is referred to as ________.
A) one-stop shopping
B) the retail concept
C) retail transactional efficiency
D) the sorting process
Answer: D
Difficulty: Moderate
Skill: Terminology/Concept
3
Copyright © 2018 Pearson Education, Inc.
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XXIII
Autumn again with all its loveliness;
Autumn again that brought an end to joy,
Despite the sight of earth in amber dress,
And airs that bear the blitheness of a boy!
Autumn, and leaves that toss
In bright brief triumphing, while they express
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XXIV
Autumn again down every winding way
That, in the days gone by, our footsteps pressed!—
Instead of woven amaranth would I lay
Above your dust—you gone by paths unguessed—
Love’s deathless asphodel;
Until some happier hour,—when, who shall say?—
Brother in song, farewell!
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