Retailing And Wholesaling Chap 13

Front 1

all activities involved in selling goods or services directly to final consumers for their personal, nonbusiness use.

Back 1

Retailing

Front 2

a business whose sales come primarily from retailing

Back 2

retailer

Front 3

a retail store that carries a narrow product line with a deep assortment within that line.

Back 3

specialty store

Front 4

a retail organization that carries a wide variety of product lines

Back 4

department store

Front 5

large, low-cost, low-margin, high volume, self-service store that carries a wide variety of food, laundry, and household products.

Back 5

supermarket

Front 6

a small store, located near a residential area, that is open long hours 7 days a week and carries a limited line of high-turnover convenience goods.

Back 6

convenience store

Front 7

a store much larger than a regular supermarket that carries a large assortment of routinely purchased food products, nonfood items, and services.

Back 7

superstore

Front 8

giant specialty store that a very deep assortment or particular line and staffed with knowledgeable employees.

Back 8

category killer

Front 9

a retail institution that sells standard merchandise at lower prices by accepting lower margins and selling at higher volume.

Back 9

discount store

Front 10

retailer that buys at less-than-regular wholesale prices and sells at less than retail.

Back 10

off-price retailer

Front 11

an off-price retailer that is either owned and run by an entreprenuer or is a division of a larger retail corporation

Back 11

independent off-price retailer

Front 12

an off-price retailing operation that is owned and operated by a manufacturer and that normally carries the manufacturer's surplus, discontinued, or irregular goods.

Back 12

facory outlet

Front 13

an off-price retailer that sells a limited selection of brand name grocery items, appliances, clothing, and hodgepodge of other goods at deep discounts to members who pay annual membership fees.

Back 13

warehouse club

Front 14

two or more outlets that are owned and controlled in common, have central buying and merchandising, and sell similar lines of merchandise

Back 14

chain stores

Front 15

a contractual association between a manufacturer, wholesaler, or service organization and independent businesspeople who buy the right to own and operate one or more units in the franchise system

Back 15

frandhise

Front 16

a group of retail businesses planned, developed, owned and managed as a unit.

Back 16

shopping center

Front 17

a concept of retailing that states that new types of retailers usually begin as loq-margin, low price, low status operations but later evolve into higher-priced, higher service operations, eventually becoming like the conventional retailers they replaced

Back 17

wheel of retailing concept

Front 18

all activities involved in selling goods and services to those buying for resale or business use

Back 18

wholesaling

Front 19

a firm engaged primarily in wholesaling activity

Back 19

wholesaler

Front 20

independently owned business that takes title to the merchandise it handles

Back 20

merchant wholesaler

Front 21

a wholesaler who does not take title to goods and whose function is to bring buyers and sellers together and assist in negotiation

Back 21

broker

Front 22

a wholesaler who represents buyers or sellers on a relatively permanent basis, performs only a few functions, and does not take title to goods.

Back 22

agent

Front 23

wholesaling by sellers or buying themselves rather than through independent wholesalers

Back 23

manufacturers' sales brances and offices