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MKt Chapter 14

AB
Combination of physical characteristics and amenities that contribute to a store's image.atmospherics
Agent wholesaling intermediary that does not take title to or possession of goods in the course of its primary funcitons, which is to bring together buyers and sellers.broker
Store that offers huge selections and low prices in single product lines.category killer
Agent wholesaling intermediary who takes possession of goods shipped to a central market for sale, acts as the producer's agent and collects an agreed-upon fee at the time of the sale.commision merchant
Store that appeals to customers on accessible location, long hours, rapid checkout, and adequate parking.convenience retailer
Large store that handles a variety of merchandise, including clothing, houshold goods, appliances, and furnituredepartment store
Direct communication, other than personal sales contacts, between buyer and seller, designed to generate sales, information requests, or store or Web site visits.direct marketing
Store that charges low prices but may not offer services such as credit.discount house
Limited-function merchant wholesaler that accepts orders from customers and forwards these orders to producers, which than ship directly to the customers who placed the orders.drop-shipper
Store that carriers a wide variety of product lines, stocking all of them in some depth.general-merchandise retailer
Glant one-stop shopping facility that offers wide selections of grocery items and general merchandise at discount prices, typically fillinf up 200,000 or more square feet of selling space (about a third larger than most supercenters).hypermarket
Retailer that offers a large assortment within a single product line or within few related product lines.limited-line store
Limited-function merchant wholesaler that distributed catelogs instead of sending sales representatives to contact customers.mail-order wholesaler
Agent wholesaling intermediary that represents manufacturers of related but noncompeting products and receives a commission on each sale.manufacurers' representative
Amount by which a retailer reduces the original selling price of a productmarkdown
Amount that a retailer adds to the cost of a product to determine its selling price.markup
Store that stocks a wider line of goods thatn a department store, usually without the same depth of assortment within each line.mass merchandiser
INdependently owned wholesaling intermediary that takes title to the goods that it handles; also known as an industrial distributor in the business-goods market.merchant wholesaler
Group or retail stores planned, coordinated, and marketed as a unit.planned shopping center
Full-function merchant wholsaler that markets specialized lines of merchandise to retail stores.rack jobber
Situation in which siliar merchandise is available from multiple retail outlets, resulting in the blurring of distinctions between type of retailer and merchandise offered.retail convergence
Activities involved in selling merchandise to ultimate consumers.retailing
Retailing practice of combining dissimilar product lines to boost sales volume.scrambled merchandising
Agent wholesailing intermediary responsible for the entire marketing program of a firm's product line.selling agent
Store that combines carefully defined product lines, services, and reputation to persuade shoppers to spend considerable shopping effort there.specialty retailer
Offering within a product line such as a specific size of liquid detergent.stock-keeping unit (SKU)
Large store usually smaller than a hypermarket, that combines groceries with discount sotre merchandise.supercenter
Limited-function merchant wholesaler that markets perishable foods items; also called a trunk jobber.truck wholesaler
HYpothesis that each type of retailer gains a competitive foothold by offering lower prices than current suppliers charge; the result of reducing or eliminating services.wheel of retailing
Channel, intermediary that takes title of goods it handles and then distributes these goods to retailers, other distributors, or B2B customers.wholesaler
Comprehensive term that describes wholesalers as well as agents and brokers.wholsaling intermediary


Trinidad State Junior College

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