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brick-and-mortar - correct answersthe presence of a physical storefront and face-to-face customer experiences
closeout stores - correct answersoff-price stores that offer an assortment of brand-name merchandise at a significant discount off the manufacturer's price
commercial cue - correct answersadvertising message that impacts purchase decisions
comparison shopper - correct answersthe customer who spends time searching for the best price or deal on the item she is looking to purchase
convenience stores - correct answersthese stores aim at providing their customers a convenient shopping experience. the general merchandise stores are
easily accessible, small in size, with quick shopping and easy checkout
corporate chain - correct answersa company that operates multiple stores under common ownership, and usually has centralized decision-making
demographics - correct answersquantifiable information about a customer such as household size, income, education, occupation, and place of residence
department stores - correct answersthese stores offer good service and a broad variety and assortment of products of mid-to-high quality
direct selling - correct answerssalespeople contact customers directly in a convenient location, often at a customer's home; demonstrate product benefits;
take orders; and deliver the products or perform the services
discount selling - correct answersthese retailers offer a broad variety of merchandise, limited service, and low prices
distribution channel - correct answersthe chain of businesses through which a good or service passes until it reaches the end customer
diverse shopper - correct answersthis buyer is hard to predict or to understand. he shops in many different places and is not obviously influenced by any one
retail element
e-commerce - correct answersbuying and selling through the internet via an electronic device
follower - correct answersthis customer usually waits to see what the latest trend will be, and is reluctant to try new products until friends have done so and
reported on them
franchises - correct answersthe license granted to another party to market a company's goods or services in a particular territory
gross domestic product (gdp) - correct answersthe monetary value of all the finished goods and services produced within a country annually
, impulse buyer - correct answersthe person who makes quick purchase decisions
independent establishment - correct answerstypically single store or a small, regional chain
innovative customer - correct answersthe buyer who wants to be the first to purchase and own the latest merchandise
manufacturer - correct answersproduces the products
multi-channel - correct answersretail operations with customer transactions possible through multiple connected channels
off-price retailers - correct answersoffer brand name merchandise at a discount. the merchandise typically consists of excess inventory, closeouts and
irregulars
omnichannel - correct answerssimilar to multi-channel retailing, with the focus on creating a seamless consumer experiences through any and all shopping
channels
outlet stores - correct answersoff prices stores that are owned by the manufacturer or retailer
physical cue - correct answersa physical need such as hunger or thirst that drives behavior
recreational shopper - correct answersthis customer shops for fun, and therefore shopping does not necessarily mean always making a purchase
retailer - correct answersreceives, stores, displays, and presents the products to customers
retailing - correct answersno matter what format it takes, retailing is the method by which customers acquire products and services
social cue - correct answersdecision making based on the suggestion or preference of a friend, colleague, or family member
specialty stores - correct answersthis segment focuses on deep but narrow assortments with a high level of customer service
stimulus - correct answersa thing or event that causes a
supercenters - correct answersThese stores typically combine a supermarket and a department store, resulting in a gigantic retail facility that carries an
enormous range of products, from apparel to groceries to automotive supplies, all under one roof.
supermarkets - correct answersThese stores sell a wide variety of goods including food, alcohol, and medicine.
target market - correct answersa defined customer who has the need, desire, and ability to buy a retailer's products.