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Chapter 1
Chapter 2
Chapter 3
Chapter 4
WILD!!!
100
This include goods and service that have monetary value
Products
100
The products or merchandise lines that a retailer carries are known as
Merchandise variety
100
The department stores of food retailing. The bakery has its own department, as do the deli dairy and produce sections
Supermarket
100
The use of more than one method for reaching customers.
Multichannel retailing
100
Have at least two locations and most have numerous locations
Chain stores
200
These are tangible items that are made, manufactured, or grown that people want to buy and use
goods
200
The number of items within each merchandise line.
merchandise assortment
200
This type of store has limited range of product, such as jewelry, accessories, shoes or books. slightly higher prices and small staff
Specialty Store
200
a method of retailing in which a company rep or sales person comes to your home to sell a product or services.
Direct selling
200
Buys merchandise directly from the manufacturer.
Off price retailer
300
______ sell their goods and services through the Internet.
Internet retailers
300
Department stores that sell a wide variety of general merchandise but at reduced prices.
Discount stores
300
These are services you use to enhance physical or emotional well-being.
Personal services
300
A form of direct selling where a company calls on customers to present and sell the company's product
Route selling
300
A combination of a large discount department store and a discount supermarket.
Supercenter
400
_____ sell their products through the mail or other delivery services.
Catalog retailers
400
NAICS stands for what?
North American Industry Classification System
400
This provides a way to use hard goods that will have one time or limited use without having to purchase anything
Rental services
400
Insert coins or bills into the machine, press a button, and receive the item from inside.
Vending machines
400
The number of items within each merchandise line.
Merchandise assortment
500
The purchaser of the goods and services from retailers
Customer
500
A person who has the vision and knowledge to start a new business.
Entrepreneur
500
A very large store that offers volume discount retailing, less variety, and minimal presentation and services
Warehouse club
500
A method of retailing in which a company rep calls your home and makes a sales presentation for a product or service.
Telephone selling
500
The path a product takes from where it is made to the final customer
channel of distribution