Show:
Competition
Types of Retailers
Supply Chain
Ethics
Extras
100
Occurs when there is only one seller for a product or service
What is a pure monopoly?
100
Giant combination of supermarket and discount department store carrying 80,000-100,000 SKUs.
What is a supercenter?
100
Business that has lower risk for entrepreneurs than starting a business from scratch.
What is a franchise?
100
A set of rules for human moral behavior.
What are ethics?
100
February 13
What is the Food Lion field visit day?
200
Products are different, but substitutable for each other and the sellers recognize that they compete with sellers of these different products.
What is monopolistic competition?
200
Sells products at a discount, but does not carry all brands on a consistent basis. Shoppers can often find great prices on designer brands.
What is an off-price retailer?
200
The three distribution levels of supply chain width
What are selective, intensive and exclusive distribution?
200
A seller offers to take a buyer to the Super Bowl if they purchase a certain amount of product.
What is a bribe?
200
Eye-level, in the middle.
What is optimal shelf space?
300
Few sellers homogeneous product Any action by one seller is noticed and reacted to by other sellers. Ex. airlines
What is oligopolistic competition?
300
Sells used and refurbished products.
What is a recycled merchandise retailers?
300
Type of channel that goes from the manufacturer to the consumer without middle men.
What is a direct supply chain?
300
This replaces or repairs products that don't work.
What is a warranty?
300
A SoftSheen-Carson brand.
What is Optimum or Dark and Lovely or Let's Jam or Magic Shave?
400
Condition in a community where the number of stores in relation to the number of households is so large that retailing is unprofitable.
What is overstored?
400
Zipcar and Redbox.
What are Rentals?
400
A set of institutions that move goods form the point of production to the point of consumption.
What is the supply chain (or channel)?
400
A retailer makes false or misleading advertising claims.
What is deceptive advertising?
400
A cheese company.
What vendor will be in the Food Lion project?
500
Retailer attempts to intercept customers from competing retailers. Ex. mall kiosks
What is divertive competition?
500
Up and Up Archer Farms Food Lion Essentials
What are private label brands?
500
The key difference between primary and facilitating institutions in the supply chain.
What is taking title?
500
Prohibits discrimination in credit transactions because of gender, race, etc.
What is the equal credit opportunity act?
500
2 minutes
What time is the lockout?