Lecture 1 Flashcards

1
Q

Large, limited-service retailer

A

Big-box store

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2
Q

Retailer that offers a narrow but deep assortment of merchandise in a category and thus dominates the category from the customers’ perspective (category specialist)

A

Category Killer

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3
Q

A store that provides a limited variety and assortment of merchandise at a convenient location in a 150 to 300 m2 store with speedy checkout

A

Convenience store

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4
Q

A self-service store that offers groceries, meat and produce with limited sales of nonfood items, such as health and beaty aids and general merchandise

A

(Conventional) supermarket

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5
Q

A retailer that carries a wide variety and deep assortment, offers considerable customer services, and is organized into separate departments for displaying merchandise

A

Department store

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6
Q

Small, full-line discount store that offers a limited merchandise assortment at very low prices, also called extreme-value retailer

A

Dollar store

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7
Q

Specialty retail store that concentrates on pharmaceuticals and health and personal grooming merchandise

A

Drug store

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8
Q

Off-price retailer owned by a manufacturer or department or specialty store chain

A

Outlet store

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9
Q

Retailers that offer a broad variety of merchandise, limited service, and low prices

A

Full-line discount store

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10
Q

Large (9000-30000 m2) combination food (60-70%) and general merchandise (30-40%) retailer

A

Hypermarket

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11
Q

Small mom-and-pop store in an emerging economy

A

Nanostore

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12
Q

A type of store concentrating on a limited number of complementary merchandise categories and providing a high level of service

A

Speciality store

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13
Q

Purpose of retail

A
  • Holding inventory
  • Offer an assortment
  • Break-up bulk
  • Offer services
  • Lower consumer search costs
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14
Q

Benefits online retail

A

less real estate and inventory pooling

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15
Q

Retail

A

Sale of small quantities of items to end consumers

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