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Last Test
da bomb chronic
38
Marketing
Undergraduate 4
01/15/2009

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Cards

Term
atmospherics
Definition
The physical elements in a store's design that appeal to consumers' emotions and encourage buying
Term
automatic vending
Definition
The use of machines to dispense products
Term
catalog marketing
Definition
A type of marketing in which an organization provides a catalog from which customers make selections and place orders by mail, telephone, or the Internet
Term
catalog showroom
Definition
A warehouse showroom in which consumers use catalogs to place orders for products, which are then filled directly in the warehouse area and picked up by buyers in the showroom
Term
category killer
Definition
A very large specialty store that concentrates on a major product category and competes on the basis of low prices and enormous product availability
Term
category managment
Definition
Category management is a retail strategy of managing groups of similar, often substitutable products produced by different manufacturers.
Term
community shopping center
Definition
A shopping center with one or two department stores, some specialty stores, and convenience stores
Term
convenience store
Definition
A small self-service store that is open long hours and carries a narrow assortment of products, usually convenience items
Term
department store
Definition
A large retail organization characterized by a wide product mix and organized into separate departments to facilitate marketing efforts and internal management
Term
direct marketing
Definition
The use of the telephone, Internet, and nonpersonal media to introduce products to customers, who can then purchase them via mail, telephone, or the Internet
Term
direct selling
Definition
Marketing products to ultimate consumers through face-to-face sales presentations at home or in the workplace
Term
direct-response marketing
Definition
A type of marketing in which a retailer advertises a product and makes it available through mail or telephone orders
Term
discount store
Definition
A self-service, general-merchandise store offering brand name and private-brand products at low prices
Term
franchising
Definition
An arrangement in which a supplier (franchiser) grants a dealer (franchisee) the right to sell products in exchange for some type of consideration
Term
general-merchandise retailer
Definition
A retail establishment that offers a variety of product lines that are stocked in considerable depth
Term
hypermarket
Definition
A store that combines supermarket and discount store shopping in one location
Term
lifestyle shopping center
Definition
A type of shopping center that is typically open-air and features upscale specialitty, dining, and entertainment stores.
Term
nonstore retailing
Definition
he selling of products outside the confines of a retail facility
Term
off-price retailer
Definition
A store that buys manufacturers' seconds, overruns, returns, and off-season merchandise for resale to consumers at deep discounts
Term
online retailing
Definition
Retailing that makes products available to buyers through computer connections
Term
outlet shopping center
Definition
A type of shopping center that features discount and factory outlet stores carrying manufacturer brands
Term
regional shopping center
Definition
A type of shopping center with large department stores, the wide product mix, and the deepproduct lines of all shopping centers
Term
retail positioning
Definition
Identifying an unserved or underserved market segment and serving it through a strategy that distinguishes the retailer from others in the minds of consumers in that segment
Term
retailer
Definition
An organization that purchases products for the purpose of reselling them to ultimate consumers
Term
retailer
Definition
All transactions in which the buyer intends to consume the product through personal, family, or household use
Term
retailing
Definition
All transactions in which the buyer intends to consume the product through personal, family, or household use
Term
scrambled merchandising
Definition
The addition of unrelated products and product lines to an existing product mix, particularly fast-moving items that can be sold in volume
Term
supermarket
Definition
A large, self-service store that carries a complete line of food products, along with some nonfood products
Term
superregional shopping center
Definition
A type of shopping center with the largest department stores, the widest product mix, and the deepest product lines of all shopping centers
Term
superstore
Definition
A giant retail outlet that carries food and nonfood products found in supermarkets, as well as most routinely purchased consumer products
Term
telemarketing
Definition
The performance of marketing-related activities by telephone
Term
television home shopping
Definition
A form of selling in which products are presented to television viewers, who can buy them by calling a toll-free number and paying with a credit card
Term
traditional specialty retailers
Definition
A store that carries a narrow product mix with deep product lines
Term
warehouse club
Definition
A large-scale, members-only establishment that combines features of cash-and-carry wholesaling with discount retailing
Term
warehouse showroom
Definition
A retail facility in a large, low-cost building with large on-premise inventories and minimal services
Term
wheel of retailing
Definition
A hypothesis holding that new retailers usually enter the market as low-status, low-margin, low-price operators but eventually evolve into high-cost, high-price merchants
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