Lesson 2 Flashcards

Introduction to the World of Retailing

1
Q

Focuses on a specific product category (Zara, Sephora)

A

Specialty stores

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2
Q

Offers wide variety of products, organized into separate departments (Robinsons Market, SM Department Store).

A

Department Store

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3
Q

Large, self-service stores offering a wide range of products, even pharmaceuticals (Walmart, Puregold, SM Supermarkets).

A

Supermarkets

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4
Q

Offer a limited selection of essential goods (7-Eleven, Uncle John’s).

A

Convenience Store

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5
Q

Offer products at lower prices by minimizing overhead costs (Daiso, Miniso, Japan Home).

A

Discount Store

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6
Q

Membership-based stores where consumers buy goods in bulk and discounted prices (S&R, Landers).

A

Warehouse Club

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7
Q

Operate exclusively on the internet, offering a wide range of products through digital platforms (Amazon, Alibaba)

A

Online Retailers

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8
Q

Large retail stores that combine the features of supermarkets and department stores (SM Hypermarket).

A

Superstores or Hypermarkets

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9
Q

Sells product directly from manufacturers at lower prices. Selling items that are overstocked, discontinued, or slightly imperfect (Nike Factory Outlet, Levi’s Outlet).

A

Factory Outlets

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10
Q

Temporary shops that open for a short period, typically to sell limited edition products or to capitalized on seasonal trends (Seasonal Halloween Stores, Pop-up Fashion Events).

A

Pop-up Stores

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