Define retailing and list the factors that are used to classify retail operations.
What will be an ideal response?
Retailing is defined as all activities directly related to the sale of goods and services to the ultimate consumer for personal, nonbusiness use or consumption. A retail establishment can be classified according to its ownership, level of service, product assortment, and price.
You might also like to view...
Managers who make short-term operating decisions and direct the daily tasks of the nonmanagerial employees are called
A. first-line managers. B. middle managers. C. general managers. D. functional managers. E. initial managers.
If the balance of prepaid insurance was the same on January 1, 2016, and December 31, 2016, then the insurance expense would_____________the cash payments made for insurance during the year
Fill in the blank(s) with correct word
The popular name of an interface for business intelligence tools is _____.
A. whiteboard B. command line interface C. dashboard D. graphic user interface
Distinguish between wisdom and knowledge.
What will be an ideal response?