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Lesson 10 Retailers in a Private Enterprise System

AB
Retail sales –sales of durable and nondurable goods bought by consumers.
Intermediaries –businesses involved in selling the goods and services of producers or consumers and other businesses.
Channel members-the businesses that take part in a channel of distribution.
Traditional retailers-department stores, discount stores, specialty stores, supermarkets, and convenience stores developed over the past 100 years.
Non-store shopping-mail order, vending machine, and Internet purchases
Retailer-purchases goods from a wholesaler and resells them to the consumer or the final buyer of the goods.
E-commerce-electronic commerce through the Internet .
Multi-channel retailer-when a store sells products in stores, by mail, and online.
Bricks and mortar-stores and warehouses.
Clicks-and-mortar-businesses that also use the Internet.
A durable good or a hard goodis a good that does not quickly wear out, or more specifically, one that yields services or utility over time rather than being completely used up when used.
Nondurable goods or soft goods (consumables)are the opposite of durable goods. They may be defined either as goods that are used up when used once, or that have a lifespan of less than 3 years.


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