Exam 13: Retailing and Wholesaling

A discount store buys at less-than-regular wholesale prices and charges consumers less than retail.

Which type of retailer tends to be the most frequently shopped?

A ________ is a smaller mall with upscale stores,convenient locations,and an expensive atmosphere.It is typically located near affluent residential neighborhoods.

The life cycle of new retail forms is getting longer.

________,which buy at less-than-regular wholesale prices and charge consumers less than retail,are independently owned and run or are divisions of larger retail corporations.

What attracts shoppers to a power center?

Which type of store carries a wide variety of product lines and differentiates itself through service,but 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?

Because of this channel function,wholesalers,who are closer to buyers than producers,can provide quicker delivery to buyers.What channel function is this?

In-store demonstrations,displays,contests,and visiting celebrities are examples of ________.

____________ offer superior information systems and buying power,these giant retailers have better merchandise selection,good service,and offer strong price savings to consumers.

Makro Asia in Thailand,Indonesia and China are examples of ________.

Every store has a physical layout that makes moving around in it either hard or easy.Each store has a "feel"; the retailer must design an __________ that suits the target market and moves customers to buy.

Independent off-price retailers may in fact be divisions of larger retail corporations.

7-Eleven has recently begun to redesign and restock its stores to offer a more upscale environment and products,such as house wines and fresh foods.7-Eleven has changed its ________.

GameStop sells video games and systems,offering a narrow product line with a deep assortment within that line.GameStop is a(n)________.

Which of the following is NOT one of a wholesaler's channel functions?

Louie Tan owns a small corner butcher shop.He still likes to offer fine filet mignon in his meat display case.Which type of wholesaler might best serve Louie?

Big and Tall Men's Shop carries goods in larger sizes; this allows the store to ________ other stores.

The distinction between large retailers and large wholesalers is changing because most large wholesalers are abandoning their retail operations.

You own an independent store in your neighborhood.You still like to offer fresh seafood in your meat display case.Which type of wholesaler might best serve you?