_____________________ includes direct mail, telemarketing, and in-home shopping.
Detailed Answer
Correct answer: (D)
Nonstore retailing
2
A matrix that positions retail outlets on two dimensions: breadth of product line and value added is referred to as a:
Detailed Answer
Correct answer: (D)
retail positioning matrix.
3
The first dimension of the retail positioning matrix is breadth of product line and the second is:
Detailed Answer
Correct answer: (C)
value added.
4
Markup is:
Detailed Answer
Correct answer: (B)
the amount added to the cost the retailer paid for a product to reach the final selling price.
5
Another term for gross margin is:
Detailed Answer
Correct answer: (B)
maintained markup.
6
Off-price retailing is:
Detailed Answer
Correct answer: (A)
selling brand name merchandise at lower than regular prices.
7
A new variation of off-price retailing which requires customers to purchase a membership card for the privilege of shopping there, is called a:
Detailed Answer
Correct answer: (D)
warehouse club.
8
Impressions of the corporation that operates the store, the category or type of store, the product categories in the store, the brands in each category, and the marketing activities of the store, are all elements of a store’s:
Detailed Answer
Correct answer: (B)
image.
9
A concept that describes how new retail outlets enter the market and change gradually in terms of status and margin is called:
Detailed Answer
Correct answer: (C)
the wheel of retailing.
10
A concept that describes the process of growth and decline that retail outlets experience is called: