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Definition
| All activities involved in selling goods or services directly to final consumers for their personal nonbusiness use |
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Term
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Definition
| A business whose sales come primarily from retailing |
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| A retail store that carries a narrow product line with a deep assortment within that line |
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| A retail organization that carries a wide variety of products. Each product line is operated as a separate department managed by specialists |
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Definition
| A small store located near a residential area, that is open long hours 7 days a week and carries a limited line of high-turnover convenience goods |
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Definition
| A store much larger than a regular supermarket that carries a large assortment of routinely purchased food products, nonfood items, and services |
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Definition
| Giant specialty store that carries a deep assortment of a particular line and is staffed by knowledgeable employees |
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Definition
| A retail institution that sells standard merchandise at low prices by accepting lower margins and selling at higher volume |
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Definition
| Retailer that buys at less than regular wholesale prices and sells at less than retail |
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| Independent off-price retailer |
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Definition
| An off-price retailer that is either owned and run by an entrepreneur or is a division of a larger retail corporation |
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Definition
| An off-price retailing operation that is owned and operated by a manufacturer and that normally carries the manufacturer's surplus, discounted, or irregular goods |
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Definition
| An off-price retailer that sells a limited selection of brand name grocery items, appliances, clothing, and a hodgepodge of other goods at deep discounts to members who pay annual fees |
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Definition
| Two or more outlets that are owned and controlled in common, have central buying and merchandising and sell similar lines of merchandise |
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Definition
| A contractual association between a wholesaler, manufacturer, or service organization and independent business people who buy the right to own an operate one or more units in the franchise system |
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Definition
| A group of retail businesses planned, developed, owned, and managed as a unit |
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Term
| Wheel of retailing concept |
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Definition
| A concept of retailing that states that new types of retailers usually begin as low margin low price low status operations but later evolve to high price, high service operations eventually becoming like the conventional retailers they replaced |
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Term
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Definition
| All activities involved in selling goods and services to those buying for resale or business use |
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Definition
| A firm engaged primarily in wholesaling activity |
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Definition
| Independently owned business that takes title to the merchandise it handles |
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Definition
| A wholesaler who does not take title to goods and whose function is to bring buyers and sellers together and assist in negotiation |
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Term
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Definition
| A wholesaler who represents buyers or sellers on a relatively permanent basis, preform only a few functions, and does not take title to goods |
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Term
| Manufacturer's sales branches and offices |
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Definition
| Wholesaling by sellers or buyers themselves rather than through independent wholesalers |
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