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WRAP-UP To summarize what you have learned in the lesson, answer the following questions: 1. What is the retail trade business? 2. What is the importance of the retail trade industry on the economy? POSTTEST Directions: Read each statement carefully. Write T if the statement is correct, otherwise write F. 1. A supermarket is a retail outlet that sells a limited range of prepared and ready-to-eat food, bottled and fountain beverages, household staples, tobacco products, and periodicals. 2. A specialty store is an establishment which typically concentrates on selling a single type or very limited range of merchandise. 3. Retail trade is the business activity associated with the sale of goods to the ultimate customer. 4. Sari-sari stores are comprised of a series of departments, each of which specializes in selling a particular grouping of products. 5. Retail industry has been improved in 2017 compared in 2016