Off price retailers Study guides, Class notes & Summaries

WGU C201 Business Acumen Chapter 11, 12, 13: Marketing Already Passed Marketing The process for discovering unmet customer needs, researching potential markets, producing goods or services to satisfy targeted customers, promoting, pricing, and distributing. The organizational function and set of processes for creating, communicating and delivering value to customers, managing customer relations, advocates ideas or viewpoints and educating others. How does marketing create utility? Creates time,...

BUAD 307 Final Exam Questions and Answers 100% Pass The model of advertising encoding and decoding discussed in class: a. Includes a vulnerability to the effects of "noise." b. Is used to determine how to most effectively implement sales promotion. c. Is used to examine a brand's location on the S-shaped curve of advertising effectiveness. d. Suggests that the use of triggers will be ineffective during the maturity phase of the product life cycle. e. Predicts that the effectiveness o...

off-price retailers - offer brand name merchandise at a discount. the merchandise typically consists of excess inventory, closeouts and irregulars closeout stores - off-price stores that offer an assortment of brand-name merchandise at a significant discount off the manufacturer's price commercial cue - advertising message that impacts purchase decisions comparison shopper - the customer who spends time searching for the best price or deal on the item she is looking to purchase convenien...

Product Line Classifications correct answers -specialty stores -department stores -convenience stores -superstores -category killers Specialty Stores correct answers carry narrow product lines with deep assortments within the product lines ex. Vineyard Vines, Stonewall Kitchen Department Store correct answers carry a wide variety of product lines (Macy's, JCPenney) Supermarkets correct answers large stores specializing in groceries with self-service and wide assortments conveni...

NRF Certification Test with Complete Solutions brick-and-mortar - Answer-the presence of a physical storefront and face-to-face customer experiences closeout stores - Answer-off-price stores that offer an assortment of brand-name merchandise at a significant discount off the manufacturer's price commercial cue - Answer-advertising message that impacts purchase decisions comparison shopper - Answer-the customer who spends time searching for the best price or deal on the item she is lo...

NRF Certification Test Latest Update Already Graded A brick-and-mortar the presence of a physical storefront and face-to-face customer experiences closeout stores off-price stores that offer an assortment of brand-name merchandise at a significant discount off the manufacturer's price commercial cue advertising message that impacts purchase decisions comparison shopper the customer who spends time searching for the best price or deal on the item she is looking to purchase convenience stores...

____________ is a drawing or schematic diagram created to visually represent the store and the way the merchandise should be displayed on the sales floor. - Planogram ______________ describes using the manufacturer's suggested price as a pricing strategy used to prevent competitive pricing between retailers. - Vendor pricing _______________ is the inventory term that describes the ability to scan large volumes of inventory or tagged items at a time. - Retail Frequency ID A business' gros...

BUAD 307 Final Exam Questions and Answers 100% Pass The model of advertising encoding and decoding discussed in class: a. Includes a vulnerability to the effects of "noise." b. Is used to determine how to most effectively implement sales promotion. c. Is used to examine a brand's location on the S-shaped curve of advertising effectiveness. d. Suggests that the use of triggers will be ineffective during the maturity phase of the product life cycle. e. Predicts that the effectiveness o...

ESB Certification Exam 2024 Elements of the Design Thinking Process - Answer ️️ -Stage 1: Emphasize- Research Your Users' Needs Stage 2: Define- State Your Users' Needs and Problems Stage 3: Ideate- Challenge Assumptions and Create Ideas Stage 4: Prototype- Start to Create Solutions Stage 5: Test- Try Your Solutions Out Difference between small businesses and entrepreneurs? - Answer ️️ -Small businesses are not always interested in taking on new business opportunities. Entrepr...

NRF customer service Exam Questions with All Correct Answers Brick- and-mortar - Answer-The presence of a physical storefront and face-to-face customer experience. Closeout stores - Answer-Off-price stores that offer an assortment of brand-name merchandise at a significant discount off the the manufacturer's price Commercial cue - Answer-Advertising message that impacts purchase decisions convenience stores - Answer-These stores aim at providing their customers a convenient shoppin...