Exam 13: Retailing and Wholesaling

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

Many shoppers now check out merchandise online and then buy it at brick-and-mortar stores. This process is called showrooming.

Which of the following would be considered a service retailer?

In recent years, convenience stores have redesigned their stores to closely focus on serving their primary target market made up of young, blue-collar men.

According to the concept of ________, new retailing forms often begin as low-margin, low-price, low-status operations to challenge established retailers. Such retailers then become successful, and eventually become like the conventional retailers they replaced.

7-Eleven, Stop-N-Go, and Circle K are examples of ________.

________ perform a role similar to that of brokers or agents but are part of the buyer's organization.

You own a neighborhood grocery store and would like to have non-food items delivered, priced, displayed and inventoried by a wholesaler. You do not want to purchase title to the goods. Which type of wholesaler best fits your needs?

Which of the following statements best represents 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 system represented by the contract?

________ involves using in-store promotions and advertising to extend brand equity to "the last mile" and encourage favorable point-of-purchase decisions.

________ are facing slow sales growth because of slower population growth, increased competition, and the rapid growth of out-of-home eating.

Which type of store carries a wide variety of product lines and has been squeezed in recent years between more focused and flexible specialty stores on the one hand and more efficient, lower-priced discounters on the other?

________ are two or more outlets that are commonly owned and controlled.

How can wholesalers improve their use of promotions?

A ________ is a group of retail businesses built on a site that is planned, developed, owned, and managed as a unit.

A ________ contains from 50 to 100 stores, is like a covered mini-downtown, and attracts customers from a wide area.

Specialty stores carry ________ with ________ within them.

________ are retailers that offer sales assistance because they carry more shopping goods about which customers might need information.

What types of products do specialty stores carry? Give an example of a specialty store.

Which of the following is most likely true about shoppers who prefer to shop at "lifestyle centers"?