Term
|
Definition
A distribution approach whereby a retailer sells to
consumers through one retail format. |
|
|
Term
|
Definition
Approach whereby a retailer sells to consumers
through multiple retail formats. |
|
|
Term
|
Definition
Utilizes strategy mixes that are not store-based to reach
consumers and complete transactions. It occurs via direct
marketing, direct selling, and vending machines. |
|
|
Term
|
Definition
Form of retailing in which a customer is first exposed to a
good or service through a nonpersonal medium and then
orders by mail, phone, or fax - and increasingly by
computer. |
|
|
Term
|
Definition
Way to collect, store, and use relevant information on
customers. |
|
|
Term
|
Definition
Enables a retailer to cater to the specific needs of customer
segments, emphasize a limited number of items, and
reduce catalog production and postage costs. |
|
|
Term
|
Definition
Program-length TV commercial (most often, 30 minutes in
length) for a specific good or service that airs on cable
television or on broadcast television, often at a fringe time.
It is particularly worthwhile for products that benefit from
visual demonstrations. |
|
|
Term
|
Definition
Includes both personal contact with consumers in their
homes (and other nonstore locations such as offices) and
phone solicitations initiated by a retailer. |
|
|
Term
|
Definition
Format involving the cash- or card-operated dispensing of
goods and services. It eliminates the use of sales personnel
and allows around-the-clock sales. |
|
|
Term
|
Definition
Global electronic superhighway of computer networks that
use a common protocol and that are linked by
telecommunications lines and satellite. |
|
|
Term
|
Definition
Way of accessing the Internet, whereby people work with
easy-to-use Web addresses and pages. Users see words,
colorful charts, pictures, and video, and hear audio. |
|
|
Term
|
Definition
- Freestanding, interactive, electronic computer terminal
- that displays products and related information on a
- video screen; it often uses a touchscreen for consumers
- to make selections.
|
|
|