Ch15 Flashcards

1
Q

big box retailers

A

Discount stores that offer a narrow but deep assortment of merchandise; see category killer.

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2
Q

cannibalization

A

Customers who formerly made purchases through one retail channel switch to a different retail channel without increasing the overall sales to the retailer

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3
Q

category killers

A

A specialist that offers an extensive assortment in a particular category, so overwhelming the category that other retailers have difficulty competing

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4
Q

category specialists

A

A retailer that offers a narrow variety but a deep assortment of merchandise.

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5
Q

close-out retailers

A

Stores that offer an inconsistent assortment of low priced, brand name merchandise.

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6
Q

convenience stores

A

Type of retailer that provides a limited number of items at a convenient location in a small store with speedy check-out.

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7
Q

conventional supermarket

A

Type of retailer that offers groceries, meat, and produce with limited sales of nonfood items, such as health and beauty aids and general merchandise, in a self-service format.

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8
Q

distribution intensity

A

The number of supply chain members to use at each level of the supply chain

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9
Q

exclusive distribution

A

Strategy in which only selected retailers can sell a manufacturer’s brand

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10
Q

extreme value retailers

A

A general merchandise discount store found in lower-income urban or rural areas.

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11
Q

full-line discount stores

A

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

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12
Q

intensive distribution

A

A strategy designed to get products into as many outlets as possible

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13
Q

limited assortment supermarkets

A

Retailers that offer only one or two brands or sizes of most products (usually including a store brand) and attempt to achieve great efficiency to lower costs and prices.

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14
Q

mobile commerce (M-commerce)

A

communicating with or selling to consumers through wireless handheld devices such as cellular phones.

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15
Q

multichannel strategy

A

Selling in more than one channel (e.g., stores, Internet, catalog

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16
Q

off-price retailers

A

A type of retailer that offers an inconsistent assortment of merchandise at relatively low prices.

17
Q

retailing

A

The set of business activities that add value to products and services sold to consumers for their personal or family use; includes products bought at stores, through catalogs, and over the Internet, as well as services like fast-food restaurants, airlines, and hotels.

18
Q

selective distribution

A

Lies between the intensive and exclusive distribution strategies; uses a few selected customers in a territory.