Multi channel retailing - Study guides, Class notes & Summaries

MKT 315What is Retailing? - correct answer A set of business activities that adds value to the products and services sold to consumers for their personal or family use. It is the last stage in the distribution process; includes every sale to the final customer Pure Retailers - correct answer Sears, Holiday Inn, McDonalds Retailers that are also wholesalers - correct answer Office Depot, Home Depot Four Ways Retailers Add Value - correct answer 1. Breaking Bulk 2. Holding Inventory ...

MAR 3231 FSU Exam 1 Questions And Answers (Updated And Verified) Retailing - answerBusiness activities involved in selling goods and services to consumers for their personal, family, or household use. It includes every sale to the final consumer Retailing simply put - answerThe steps associated with getting products into the hands of consumers Current Issues in Retailing - answer- How can we best serve out customers while earning a fair profit? - How can we stand out in a highly comp. en...

Retail - encompasses the business activities involved in selling goods & services to consumers for their personal, family, or household use -orhow firms deliver products to end users 1.) How can we best serve our customers while earning fair profit? 2.) How can we stand out in a competitive environment where consumers have many choices? 3.) How can we grow our business while retaining a core of loyal customers? 4.) Communicating with millennials. - Issues in Retailing Paradox of Choice - ...

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...

NRF Certification Test Exam with 100% Correct Answers 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 b...

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...

NRF Customer Service Test Questions and Answers All C comparison shopper - Answer-the customer who spends time searching for the best price or deal on the item they are purchasing manufacturer - Answer-produces the products e-commerce - Answer-the buying and selling of goods over the internet retailing - Answer-No matter what format it takes, retailing is the method by which consumers acquire products and services. gross domestic product - Answer-monetary value of all the finished...

NRF Certification Test with Complete S 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 looking t...

GIA Diamond Grading final -2022-Betty, Questions and Correct Answers 2024, With Complete Verified Solution. Diamond grades are only part of the determination of diamond _____ _____ diamond market value. Large, high-quality diamonds are graded much more thoroughly than small, low-quality ones. The huge financial costs involved in locating, developing, and operating diamond mines are factors affecting diamond value. Wholesale price lists are usually organized according to specific combi...

GIA Diamond Grading final -2022-Betty, Questions and Correct Answers 2024, With Complete Verified Solution. Diamond grades are only part of the determination of diamond _____ _____ diamond market value. Large, high-quality diamonds are graded much more thoroughly than small, low-quality ones. The huge financial costs involved in locating, developing, and operating diamond mines are factors affecting diamond value. Wholesale price lists are usually organized according to specific combi...