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Side A ------ Side B
What is retailing? ------ Activities involved in selling goods/services directly to final consumer for their personal, non business use.
What is a retailer? ------ A business whose sales comes primarily from retailing.
What is a Specialty Store? ------ Retail store that carries a narrow product line with deep assortment within that line.
What is a Department Store? ------ Retail organization that carries a wide variety of product lines, each line is operated as separate department managed by specialist buyers.
What is a Supermarket? ------ Large, low-cost, low-margin, high-volume sel-service store that carries a wide variety of food/household
What is a Convenience Store? ------ Small store, located near a residential area, that is open long hours, 7 days/week, carries limited line of high turnover convenience goods.
What is a Superstore? ------ Store much larger than regular supermarket that offers large assortment.
What is a Category Killer? ------ Giant specialty store that carries a very deep assortment of a particular line and is staffed by knowledgeable employees.
What is a Discount Store? ------ Retail operation that sells standard merchandise at lower prices by accepting lower margins and selling higher volume.
What is a Off-Price Retailer? ------ Retailer that buys at less-than-regular wholesale priaces and sells at less than retail. Example (factory outlets)
What is a Independent Off-Price Retailer? ------ Off-price retailer that is either owned and run by entrepreneurs or is a division of a larger retail corporation.
What is a Factory Outlet? ------ Off-price retailing operation that is owned and operated by a manufacturer and that normally carries the manufacturer's suplus, irregular goods.
What is a Warehouse Club? ------ Off-price retailer that sells a limited selection of brand name grocery items, appliances, clothing, at deep discounts to members (Sams Club)
What are Chain Stores? ------ 2+ outlets that are commonly owned at controlled.
What is a Franchise? ------ Contractual association between a manufacturer, wholesaler, or service org. who buy the right to own and operate 1+ unites in franchise system.
What is a Shopping Center? ------ Group of retail businesses, planned, developed, owned and managed as a unit.
What is the Wheel-of-Retailing concept? ------ Concept of retailing, new retailers begin as low-margin, low price, low status operations, but later evolve to high priced, higher service operations.
What is wholesaling? ------ All activities involved in selling goods/services to those buying for resale or business use.
What is a wholesaler? ------ A firm engaged primarily in wholesaling activities.
What is a Merchant Wholesaler? ------ Independently owned business that takes title to the merchandise it handles.
What is a Broker? ------ wholesaler who does not take title to good and whose function is to bring buyers and sellers together & assist in negotiation.
What is an Agent? ------ wholesaler who represents buyers or sellers on a relatively permanent basis, performs only a few functions and does not take title to goods.
What is a Manufacturer's sales branches and offices? ------ Wholesaling by sellers or buyers themselves rather than thought independent wholesalers.

Side A ------ Side B
What is retailing? ------ Activities involved in selling goods/services directly to final consumer for their personal, non business use.
What is a retailer? ------ A business whose sales comes primarily from retailing.
What is a Specialty Store? ------ Retail store that carries a narrow product line with deep assortment within that line.
What is a Department Store? ------ Retail organization that carries a wide variety of product lines, each line is operated as separate department managed by specialist buyers.
What is a Supermarket? ------ Large, low-cost, low-margin, high-volume sel-service store that carries a wide variety of food/household
What is a Convenience Store? ------ Small store, located near a residential area, that is open long hours, 7 days/week, carries limited line of high turnover convenience goods.
What is a Superstore? ------ Store much larger than regular supermarket that offers large assortment.
What is a Category Killer? ------ Giant specialty store that carries a very deep assortment of a particular line and is staffed by knowledgeable employees.
What is a Discount Store? ------ Retail operation that sells standard merchandise at lower prices by accepting lower margins and selling higher volume.
What is a Off-Price Retailer? ------ Retailer that buys at less-than-regular wholesale priaces and sells at less than retail. Example (factory outlets)
What is a Independent Off-Price Retailer? ------ Off-price retailer that is either owned and run by entrepreneurs or is a division of a larger retail corporation.
What is a Factory Outlet? ------ Off-price retailing operation that is owned and operated by a manufacturer and that normally carries the manufacturer's suplus, irregular goods.
What is a Warehouse Club? ------ Off-price retailer that sells a limited selection of brand name grocery items, appliances, clothing, at deep discounts to members (Sams Club)
What are Chain Stores? ------ 2+ outlets that are commonly owned at controlled.
What is a Franchise? ------ Contractual association between a manufacturer, wholesaler, or service org. who buy the right to own and operate 1+ unites in franchise system.
What is a Shopping Center? ------ Group of retail businesses, planned, developed, owned and managed as a unit.
What is the Wheel-of-Retailing concept? ------ Concept of retailing, new retailers begin as low-margin, low price, low status operations, but later evolve to high priced, higher service operations.
What is wholesaling? ------ All activities involved in selling goods/services to those buying for resale or business use.
What is a wholesaler? ------ A firm engaged primarily in wholesaling activities.
What is a Merchant Wholesaler? ------ Independently owned business that takes title to the merchandise it handles.
What is a Broker? ------ wholesaler who does not take title to good and whose function is to bring buyers and sellers together & assist in negotiation.
What is an Agent? ------ wholesaler who represents buyers or sellers on a relatively permanent basis, performs only a few functions and does not take title to goods.
What is a Manufacturer's sales branches and offices? ------ Wholesaling by sellers or buyers themselves rather than thought independent wholesalers.