INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Buying products from the manufacturer to resale to a business
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A store that sells clothes and shoes to the consumer
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Work for someone else
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A company that makes a product
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Detailed explanation-1: -A retail business or retail trader is a business that sells goods or services directly to consumers for personal consumption and not for resale (only for personal use).
Detailed explanation-2: -Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers.
Detailed explanation-3: -The business of buying clothes from manufacturers and selling them to customers is known as retail. Retailers make initial purchases for resale three to six months before the customer is able to buy the clothes in-store. fashion retail.
Detailed explanation-4: -Product retail: retail businesses that sell physical goods/products. Service retail: retail businesses that offer services. Non-store retail: selling goods to consumers using certain media such as vending machines. 25-Jul-2022