Shared Flashcard Set

Details

Retailing
Chapter 3
8
Marketing
Undergraduate 3
01/26/2009

Additional Marketing Flashcards

 


 

Cards

Term
Store Channel
Definition

Browsing

 

Touching/Feeling Products

 

Personal Service

 

Cash/Credit Payment

 

Entertainment & Social experience

 

Immediate Gratification

 

Risk Reduction 

Term
Catalog Channel
Definition

Convenience

 

Information

 

Safety 

Term
Internet Channel
Definition

Broader Selection

 

More Info to Evaluate Merchandise

-virtual communities: networks of shoppers

aka "Social Shoppers"

 

Personalization

-personalized customer service (FAQ)

-personalized offering, (MyYahoo) 

 

Broad/Deep assortments

 

 

 

Term
Perceived risks in internet shopping
Definition

1) credit card security

 

2) privacy violations

 

 

shared information amongst retailers

Term
Share of Wallet
Definition
percentage of total purchases is built
Term
Requirements for successful multichannel retailing
Definition

1) develop assortments & manage inventory

2) manage store operations (+distant locations)

3) distribute effectively

4) nonstore retail activites

*websites & catalog

 5) orders electronically

6) distribute to homes/ accept returns

7) seamlessness across channels

 

Term
Disintermediation
Definition

Retailers are skipped

 

Manufacturer directly sells to consumer 

Term
Issues of Multichannel Retailing
Definition

integrated shopping experience

 

brand image

 

merchandise assortment

 

pricing

 

 

Supporting users have an ad free experience!