Which statement is accurate about retailing as an economic activity?

Multiple Choice

Retailing is an important activity that affects nearly everyone, either directly or indirectly.

The vast majority of retailers are very large organizations rather than small $($one store$)$ owners.

Historically, retailing accounted for a large part of the United States economy, but recent figures indicate that retailing's impact has waned.

Retailing's biggest impact can be seen in the amount of spending on clothing and food service items.

Retailing's effect on the economy has lessened due to the increase in online shopping.