INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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retail business
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service business
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franchise
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corporation
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Detailed explanation-1: -Retail is the process of selling goods directly to the consumer, usually in a shop or online. Examples of retailers include supermarkets, department stores, specialty stores, convenience stores, and online stores.
Detailed explanation-2: -General merchandise stores usually sell a variety of items, including clothing, sporting goods, auto parts and toys.
Detailed explanation-3: -A food retailer is a place of business where consumers can purchase food and take it with them to be consumed off-premise. Retail food is basically food obtained through a business transaction with an organization that is not a restaurant.
Detailed explanation-4: -Department stores. Department stores usually have a wide selection of products on offer, from homeware to children’s toys. Online stores. Convenience stores. Supermarkets. Speciality stores.