The Main Difference Between a Service and a Retail Business

question 32

Multiple Choice

The main difference between a service and a retail business is that service businesses:

• A) sell directly to consumers.
• B) buy and sell in bulk.
• C) convert raw materials into finished goods.
• D) sell services rather than goods.

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Definitions:

Social Structural Conditions

The societal and institutional norms, policies, and structures that shape individuals' roles, behaviors, and interactions within a community.

Ethnic Groups

Communities or populations sharing a common culture, ancestry, and language, often forming a sub-group within a larger society.

Economic Success

The achievement of financial prosperity, often measured by income, wealth, or the ability to afford a comfortable lifestyle.

Social Structural Differences

Refers to the distinct and often unequal arrangements within a society that shape individuals’ access to resources, opportunities, and social positions based on various attributes like class, race, and gender.