Exam 13: Retailing and Wholesaling

________ includes all the activities involved in selling products or services directly to final consumers for their personal, nonbusiness use.

Springfield, a convenience store, has recently begun to redesign and restock its stores to offer a more upscale environment with products such as house wines and fresh foods. This information indicates that Springfield has most likely changed its ________.

Macy's department stores carry a wide range of product lines, including clothing, jewelry, kitchenware, and home furnishings. Macy's typically charges a relatively high markup, but also holds frequent sales and price promotions, in particular offering discounts to customers who use a Macy's credit card. Macy's uses ________.

________ retailers in the United States are growing faster than product retailers.

Wholesaling includes all the activities involved in selling products or services directly to final consumers for their personal, nonbusiness use.

Tony Pool Chemical Co. purchased 144 buckets of chlorine tablets over the Internet from Chemical Inc. Then Chemical Inc. placed the order with the manufacturer, and the manufacturer then transported the tablets directly to the Tony Pool store. In this case, Chemical Inc. is an example of a ________.

What attracts shoppers to a power center?

How have shopping centers changed in the past few decades?

What is a category killer? Provide an example and a description of a category killer.

A ________ contains between 15 and 50 retail stores, including a department or variety store, a supermarket, specialty stores, professional offices, and sometimes a bank.

What are the different types of off-price retailers?

Category killers are giant specialty stores that carry a very deep assortment of a particular line.

Which of the following is NOT a type of off-price retailer?

With their size and buying power, ________ can offer better merchandise selections, good service, and strong price savings to consumers.

Independent off-price retailers either are independently owned and run or are divisions of larger retail corporations.

How can discount stores sell merchandise at lower prices?

You own a small independent retail store in your neighborhood. You want to offer fresh seafood, milk, and bread in your store. In this case which of the following types of wholesalers will serve you the best?

Department stores carry narrow product lines with deep assortments within those lines.

Full-service stores usually carry more specialty goods for which customers need or want assistance or advice.

What is the most common type of agent wholesaler?