Term
|
Definition
| a set of business activities that adds value to the products and services sold to consumers for their personal or family use |
|
|
Term
|
Definition
| A business that sells products and/or service to consumers for personal or family use |
|
|
Term
|
Definition
| Manufacturing to Wholesaler to Retailer to Consumer |
|
|
Term
|
Definition
| firm performs more than one set of activities |
|
|
Term
|
Definition
| retailer performs some distribution and manufacturing activities |
|
|
Term
|
Definition
| manufacturers undertake retailing activities |
|
|
Term
| 4 Functions of why we have retailers |
|
Definition
| 1. break bulk, 2. hold inventory, 3. Provide assortment, 4. offer services |
|
|
Term
|
Definition
| retailers that carry a broad variety and deep assortment offer customer service and organized into separate departments for displaying merchandise |
|
|
Term
|
Definition
| high fashion chains with exclusive designer merchandise and excellent customer service- nordstrom, bloomingdales |
|
|
Term
|
Definition
| retailers sell more modestly priced merchandise with less customer service |
|
|
Term
|
Definition
| value oriented caters to more price conscious customer |
|
|
Term
|
Definition
| an area in a retail store that is leased to an independent firm |
|
|
Term
|
Definition
| a company operating multiple retail units under common ownership and usually has a centralized decision making for defining and implementing its strategies |
|
|
Term
|
Definition
| concentrates on a limited number of complementary merchandise categories and provides a high level of service in relatively small stores |
|
|
Term
|
Definition
|
|
Term
|
Definition
| offers a broad variety of merchandise, limited service, and low prices |
|
|
Term
|
Definition
| big box discount stores that offers a narrow variety but deep assortment of merchandise. -toys r us, barnes and noble |
|
|
Term
|
Definition
| a category specialist offering equipment and material used to do it yourselfers and contractors for home improvements |
|
|
Term
|
Definition
| larger conventional supermarkets with expanded service deli, bakery, seafood, with a full line discount store |
|
|
