MAR 15

Question 1

retailers and retailing activites

Answer 1

retailers sell produces to consumers for nonbusiness use

Question 2

store carries several product lines across multiple categories

Answer 2

department

Question 3

specialty stores carry ___ with __ within them.

Answer 3

narrow product categories; wide selections

Question 4

apparel manufacturers send overruns and factory second to ___, while they send new merchandise to department stores.

Answer 4

off-price retailers

Question 5

___ are self-service retailers that carry food and nonfood items arranged in departments

Answer 5

supermarkets

Question 6

convenience stores

Answer 6

they create time utility for their customers

Question 7

A retail margin is the difference between ___ and ___.

Answer 7

a product’s retail selling price; a product’s wholesale cost

Question 8

retailers place the most emphasis on salespeople assisting customers throughout the purchase process?

Answer 8

full-service retailers

Question 9

____, such as best buy and sears, allow customers to serve themselves, but also have knowledgable sales associates available to provide guidance

Answer 9

limited-service retailers

Question 10

used to create store atmospherics

Answer 10

store layout