Exam 13: Retailing and Wholesaling

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

How have shopping centers changed in the past few decades?

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

,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.

The life cycle of new retail forms is getting longer.

Refer to the scenario below to answer the following questions. In the 1970s,Shipshewana was only a small town with a hardware store,a grain mill,a shoe store,a small restaurant,and a grocery store.Over the next two decades,the small town transformed into an international tourist attraction,attracting thousands of tourists who are intrigued with the lifestyle of Shipshewana's largest population-the Amish. Ben and Mary Miller,having grown up within the Amish faith,decided to capitalize on their town's popularity and their woodworking skills.Their shop,Indiana Wood,began with a small display of handmade hickory rocking chairs,Ben Miller's specialty.But within a few months,the display at Indiana Wood included picnic tables,flower boxes,and small handmade novelty items.No other shop offers the same. Mary Miller decorated the shop's display room with authentic Amish décor and eventually hired three Amish friends to sew and embroider napkins and other textiles per customer request.In addition,two women from the Amish community sought permission from the Millers to display home- baked pastries and jellies on Tuesdays and Wednesdays,when Shipshewana attracts swarms of visitors to its flea market on the south edge of town. "Shipshewana is full of specialty shops," Mary Miller stated."People don't come here to buy things made in China or Taiwan.They want real,Amish- made goods." -Indiana Wood is best classified as a(n)retailer.

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

were the main form of retail cluster until the 1950s.

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 .

In order to _ ,wholesalers can propose automatic reordering systems,set up management- training and advising systems,or even sponsor a voluntary chain.