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Question 1
Which of the following is accurate about retailing as an economic activity?
Group of answer choices
Historically, retailing accounted for a large part of the U.S. economy, but recent figures indicate that retailing's impact has waned.
Retailing's biggest impact can be seen in the amount of spending on clothing and food service items.
Retailing is an important activity that affects everyone, either directly or indirectly.
Retailing's effect on the economy has lessened due to the increase in online shopping.
The vast majority of retailers ae very large organizations rather than small (one store) owners.
Question 2
Markers commonly classify retailers on all of the following dimensions, except
Group of answer choices
level of service.
merchandise pricing
ownership/organization
size of establishment
breadth and depth of assortment.
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