Who does a retail company sell products to?

Who does a retail company sell products to? (Select the best answer.)

Wholesalers
Manufacturers
End consumers
Producers

WRITE THIS ESSAY FOR ME

Tell us about your assignment and we will find the best writer for your paper.

Get Help Now!

2. Staple goods and impulse goods are examples of which type of consumer good? (Select the best answer.)

Specialty
Convenience
Unsought
Shopping

3. An improvement that makes a product satisfy its purpose better is an improvement to the product’s ____________ utility. (Select the best answer.)

Information
Place
Possession
Form

4. Which industry takes materials and transforms them into new tangible, physical products? (Select the best answer.)

Wholesaling
Manufacturing
Extractive
Service

5. A mining company is part of what industry? (Select the best answer.)

Extractive
Manufacturing
Wholesaling
Service

6. A company that lowers its costs per unit by selling more units overall has improved what? (Select the best answer.)

Its economies of scale
The product’s market saturation
The product life cycle
Its economic utility

7. The set of companies a product goes through on the way to the consumer is called the ______________. (Select the best answer.)

Economic utility
Cottage industry
Market saturation
Distribution chain

8. A home-based business is part of what industry? (Select the best answer.)

Service industry
Cottage industry
Retail industry
Wholesale industry

9. What is a market? (Select the best answer.)

A system that allows people or companies to buy and sell products and services
The number of companies willing to manufacture a specific product
The ability to buy production materials in large quantities and save on costs
A product’s ability to satisfy a consumer

10. _____________ is when a product is sold from the manufacturer to the end consumer, with no wholesale or retail companies in between. (Select the best answer.)

Direct distribution
Extraction
Hospitality
Subcontracting

11. A hotel is part of what industry? (Select the best answer.)

Service
Wholesaling
Subcontracting
Cottage

12. By offering delivery of a large, heavy product, a company can improve the product’s _____________ for the consumer. (Select the best answer.)

Market saturation
Economies of scale
Durability
Possession utility

13. What is a saturated market like for sellers? (Select the best answer.)

Consumer demand is higher.
It contains more available consumers.
It is more competitive.
It encourages companies to produce more of the product.

14. Which of the following goods is commonly considered a staple convenience good by many people in the U.S.? (Select the best answer.)

A car
Toilet paper
A television
Specialty dough