Independent Retailer: Definition & Overview Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

2002 and 2007, how much did the overall sales grow at independent retailers?

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1. Which of these functions does an independent retailer need to manage?

2. Which of the following are the biggest risks involved with starting an independent retail business?

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About This Quiz & Worksheet

There are many challenges associated with being an independent retailer, and this quiz and corresponding worksheet will check your understanding of independent retail as well as the risks involved.

Quiz & Worksheet Goals

To be more specific, this assessment will ask you about:

  • Independent retail sales growth from 2002 to 2007
  • Characteristics of an independent retailer
  • Effects of drastic price discounts on independent retail profits
  • Definition of an independent retailer

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about the biggest risks involved with starting an independent retail business
  • Reading comprehension - ensure that you draw the most important information from the related marketing lesson
  • Interpreting information - verify you can read information regarding price discounts and independent retail and interpret it correctly

Additional Learning

Review the lesson with the title Independent Retailer: Definition & Overview to find out more. This lesson will help you:

  • Appreciate how an independent retailer can assess their needs
  • Identify common examples of independent retailers
  • Show what independent retailers can do to help their businesses
  • Describe the challenges these retailers face
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