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14 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Retailing |
All activities involved in selling products or services directly to final consumers for their personal use |
Manufacturers, wholesalers, and retailers do retailing |
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Retailer |
Businesses whose sales come primarily from retailing |
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Specialty store |
Store that carries a narrow product line with a deep assortment, such as apparel stores, sports goods stores, furniture stores, bookstores, florists |
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Department stores |
Store that carries several product lines - typically home furnishings, clothing, household goods - with each line operated as a separate department managed by specialist buyers |
Sears, Macy's |
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Supermarket |
Relatively low cost, low margin, high volume, self service operation designed to serve consumers total needs for grocery and household products. |
Kroger, Safeway, publix |
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Convenience store |
A relatively small store located near residential areas, open long hours seven days a week, carrying a limited line of high turnover convenience products at slightly higher prices. |
7 eleven, stop n go |
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Discount store |
Carries standard merchandise sold at lower prices with lower margins and high volumes. |
Walmart, target, Kohl's |
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Off price retailer |
Store that sells merchandise bought at a less than regular wholesale price and sold at less than retail. |
Sam's club, cosco |
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Superstore |
Very large store that meets consumers total needs for routinely purchased food and non food items |
Walmart supertarget, meijer, best buy, staples, Barnes and noble |
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Corporate chain |
Two or more outlets that are commonly owned and controlled. |
Macy's, Target, Kroger, CVS |
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Voluntary chain |
Wholesaler-sponsored group of independent retailers engaged in group buying and merchandising |
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Retailer cooperative |
Group of independent retailers who jointly establish a central buying organization and conduct joint promotion efforts |
Ace hardware |
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Franchise organization |
Contractual association between a franchisor and franchisee |
McDonalds, subway, pizza hut, 7 eleven |
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Wholesaling |
Involved in selling goods and services to those buying them for resale or business use |
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