Functions of retailing - Study guides, Study notes & Summaries

ITP 234 midterm Exam Review Questions and answers, verified/ What is packaging? a coordinated system of preparing goods for safe, secure, efficient and effective handling, transport, distribution, storage, retailing, consumption and recovery, reuse, or disposal combined with maximizing consumer value, sales, and hence profit primary packaging sell unit Brainpower Read More secondary packaging contains sell units tertiary packaging unit of secondary units, pallets quaternary shi...

Chapter 03 Multichannel Retailing True / False Questions 1. The direct-response TV (DRTV) channel is a retail channel in which customers watch a TV advertisement that demonstrates merchandise and then place orders for that merchandise. True False 2. Direct selling is a retail channel where salespeople interact with customers face-to-face. True False 3. Automated retailing is a retail channel in which merchandise or services are stored in a machine and dispensed...

According to Nina Cooper from Parfums Christian Dior, a key challenge in the omnichannel world is to talk to different customers through various channels while conveying the same message. - Agree A brand DNA is crucial for Maisons as it directly impacts: - - the product development - the communication - the retailing - the organization A commonly used definition of Sustainability is based on three pillars: maximizing simultaneously the biological system goals, economic system goals, and s...

ISDS 351 Final Exam | Answered with complete solutions ________ involves the exchange of money for goods and services over electronic networks. A. E-commerce B. E-mail C. E-meeting D. E-governance A high percentage of Business-to-business (B2B) transactions take place between companies called: A. Original equipment dealers B. Original equipment manufacturers C. Original equipment suppliers D. Original equipment buyers A search engine uses the _______ of Web pages to quickly display the URLs o...

Business BTEC Level 3 Unit 5 Assignment 2 | 100% Verified. P5 – Explain the external factors that influence a selected business considering trading internationally. Political Factors: One beneficial factor is being part of a trading community like the EU; however, this means there are certain rules and regulations to follow. The government will support certain industries for example, companies that deal with renewable energy and offer benefits to the country. This support is not available...

Internet/Web technology is available everywhere: at work, at home, and elsewhere via mobile devices, anytime. This best describes ________. A ) interactivity B) ubiquity C ) global reach D ) social technology - b) ubiquity The lowered costs of information storage, processing, and communication, along with the improvement of data quality has resulted in which unique quality of e-commerce? A ) interactivity B) customization C ) information density D ) richness - c) information density B is a...

Business BTEC Level 3 Unit 5 Assignment 2 - Verified. Explain the external factors that influence a selected business considering trading internationally. Political Factors: One beneficial factor is being part of a trading community like the EU; however, this means there are certain rules and regulations to follow. The government will support certain industries for example, companies that deal with renewable energy and offer benefits to the country. This support is not available to all indu...

MKT 3250 Exam 2 | Verified with 100% Correct Answers The ________ function represents the role that Hope Spring's distributors have in storing, sorting, and transporting bottled water to the Coffee Collective. Logistical A(n) ________ is an intermediary who sells Hope Springs' bottled water to retailers such as The Coffee Collective. Wholesaler By satisfying the customer service factor of ________, the distributor will ensure that deliveries of Hope Springs' bottled water to The Coffee Coll...

MKT-315 FINAL EXAM Questions And Answers 100% Verified. Profit Equation - correct answer. Total Revenue - Total Cost Pricing Strategy: Penetration Pricing - correct answer. Low price to increase sales and market share. Pricing Strategy: Skimming Pricing - correct answer. Starts out with a high price and slowly lowers it to fit the market. Pricing Strategy: Competition Pricing - correct answer. Setting prices nearly equal to competitors. A cable co...

How do intermediaries create value? - ANSWER Transactional Function: buying/selling/risk taking Logistical Function: storing/assorting (mix of products)/sorting(lots of a single product)/bulk breaking(one large item broken down)/transporting Facilitating: financing/grading/marketing info and research We use intermediaries to: - ANSWER make a product or service available by consumers or industrial use be more efficient: reduce # of contacts allow firms to focus on core competencies reduce...