Exam 13: Retailing and Wholesaling

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.

Service retailers include all of the following EXCEPT ________.

Service differentiation among retailers has ________.

Compare and contrast specialty stores and convenience stores.

Which of the following is NOT one of the main types of off-price retailers?

Why do stores cluster together?

The main difference between ________ organizations and other contractual systems is that these systems are normally based on some unique product or service.

Today's trend in retail clusters is toward ________,huge unenclosed shopping centers consisting of a long strip of retail stores,including at least one large,freestanding anchor store like Wal-mart.Each store has its own entrance with parking directly in front for shoppers who wish to visit only one store.

Which type of store is much larger than regular supermarkets and offers a large assortment of routinely purchased food products,nonfood items,and services?

What types of products may be sold through category killers?

Costco's surprise offerings of seconds,overstocks,and closeouts,occasionally including diamonds,is an example of how a retailer can differentiate itself through ________.

Which type of small store carries a limited line of high-turnover convenience goods and makes most of its revenues from cigarette,beverage,and gasoline sales?

Carey's wholesale company helps retailers train salesclerks,improve store layouts and displays,and set up inventory control systems.The channel function Carey provides is ________.

Tony Pool Chemical Co.purchased 144 buckets of chlorine tablets over the Internet from Chemical,Inc.,then placed the order with the manufacturer and arranged for its transportation by truck to the Tony Pool store.Chemical,Inc.took title to the pool chemicals but never actually took possession of them.Chemical,Inc.is an example of a ________.

In response to slow growth in their domestic markets,many wholesalers are ________.

As a result of the great success of corporate chains,many independent stores choose to band together in either a voluntary chain or a(n)________.

According to the ____________ concept,many new types of retailing forms begin as low-margin,low-price,low-status operations.They challenge established retailers that have become "fat" by letting their costs and margins increase.The new retailers' success leads them to upgrade their facilities and offer more services.

In an automated warehouse,orders are fed directly from the retailer's information system to the wholesaler's,and the items are picked up by mechanical devices and taken to a shipping platform where they are assembled.

Chain stores are located near residential areas and are open long hours,seven days a week; they carry a limited line of high-turnover goods.

Which type of stores usually carry more specialty goods for which customers like to be "waited on" and have much higher operating costs,which are passed along to the customer?