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matching activity diversity of industry - retail types a. closeout stor…

Question

matching activity
diversity of industry - retail types
a. closeout stores
b. convenience stores
c. department stores
d. direct selling
e. off - price retailers
f. outlet stores
g. specialty stores
h. supercenters
i. supermarkets
j. wholesale clubs
k. thrift stores

  1. ____ stores that sell products in bulk directly to consumers, and typically require a membership. ex. costco and sams club
  2. ____ this segment focuses on deep but narrow assortments with a high level of customer service. ex. dicks sporting goods, dunhams and barnes and noble
  3. ____ a type of off - price retailer that offers an assortment of brand - name merchandise at a significant discount off the manufacturers price. ex. big lots
  4. ____ these general merchandise stores are easily accessible, small in size, with quick shopping and easy checkout. ex. 7 - eleven and speedway
  5. ____ these stores offer good service and a broad variety and assortment of products of mid - to - high quality. ex. kohls and macys
  6. ____ category of retailers that offer brand - name merchandise at a discount. the merchandise typically consists of excess inventory, closeouts, and irregularities and these stores tend to limit their online presence due to inventory turnover. ex. nordstrom rack and dsw
  7. ____ these stores sell a wide variety of goods including food, alcohol, and medicine. (usually a pharmacy inside) ex. family fare and d & w
  8. ____ salespeople contact customers directly in a convenient location often at a customers home, demonstrate the product benefits, take orders, and deliver the products or perform the services. ex. mary kay or plexus
  9. ____ these stores sell secondhand clothes and household goods, many use profits to raise funds for charity. ex. upscale resale and new 2 you
  10. ____ stores that offer off - price goods that are owned by the manufacturer or retailer. ex. old navy outlet, columbia outlet and many other tanger stores
  11. ____ a gigantic retail facility that carries an enormous range of products, from apparel to groceries to automotive supplies, all under one roof. ex. meijer and target

Explanation:

Brief Explanations
  1. Wholesale clubs sell products in bulk and often require membership, like Costco and Sam's Club.
  2. Specialty stores focus on deep but narrow assortments with high - level customer service, such as Dick's Sporting Goods.
  3. Off - price retailers offer brand - name merchandise at a significant discount, e.g., Big Lots.
  4. Convenience stores are small, accessible, and have quick shopping, like 7 - Eleven.
  5. Department stores offer a broad variety of mid - to - high quality products and good service, such as Kohl's and Macy's.
  6. Outlet stores offer brand - name merchandise at a discount, often with excess inventory, etc., like Nordstrom Rack.
  7. Supermarkets sell a wide variety of goods including food, alcohol, and usually have a pharmacy, e.g., Family Fare.
  8. Direct selling involves salespeople contacting customers directly, like Mary Kay.
  9. Thrift stores sell second - hand items and may raise funds for charity, such as Upscale Resale.
  10. Outlet stores can be owned by the manufacturer or retailer and offer off - price goods, like Old Navy Outlet.
  11. Supercenters are large retail facilities with a wide range of products, such as Meijer and Target.

Answer:

  1. J. Wholesale Clubs
  2. G. Specialty Stores
  3. E. Off - price retailers
  4. B. Convenience Stores
  5. C. Department Stores
  6. F. Outlet Stores
  7. I. Supermarkets
  8. D. Direct Selling
  9. K. Thrift Stores
  10. F. Outlet Stores
  11. H. Supercenters