What Is Retailing

question 43

Multiple Choice

What is retailing?

• A) It is the set of business activities that adds value to the products and services sold to consumers for their personal or family use
• B) It is the process of offering products in smaller quantities for consumer consumption patterns
• C) It is the merchandising component of the retail mix
• D) It is the strategy retailers and vendors use to get products into the stores
• E) It is the ability to offer enough variety in a store to encourage one-stop shopping

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Definitions:

Natural Selection

A process in biological evolution where certain traits become more common in a population because they contribute to an organism’s survival and reproduction.

Macroevolution

Evolution above the species level or leading to the formation of new species.

DNA Tests

Methods used to analyze the genetic material from an individual's cells, to identify genetic variations, relationships, or susceptibility to diseases.