Which type of store is much larger than regular supermarkets and offers a large assortment of routinely purchased food products?

Which type of store is much larger than regular supermarkets and offers a largeassortment of routinely purchased foodproducts, nonfooditems, andservices?SuperstoreThe earlydiscount storescut expenses by offering few services and operating inwarehouse-like facilities inlow-rent, heavily traveled districts.Sears, Target, and Kroger are examples ofcorporate chains.Daizy's is a shop that carries onlyplus-size clothing. According to thisinformation,Daizy's differentiates itself from its competitors based onproduct assortment.Central business districtwere the main form of retail clusters until the 1950s.Asmall, open-air mall with upscalestores, convenientlocations, and nonretailactivities, such as aplayground, skatingrink, hotel, diningestablishments, and amovietheater, is an example ofa(n)lifestyle center.Which term refers to looking at merchandise at a traditional store and thenpurchasing the merchandiseonline?Showrooming.Merchant wholesalersare the largest group of wholesalers. They include two broadtypes: full-service wholesalers andlimited-service wholesalers.Which type of store carries a wide variety of product lines and has been squeezed inrecent years between more focused and flexible specialty stores on the one hand andmoreefficient, lower-priced discounters on theother?Department storeServiceretailers in the United States are growing faster than product retailers.Discount storessell standard merchandise at lower prices by accepting lowermargins and selling higher volume.In comparison to the traditionalgrocery, which averages about$320,000 in weeklysales, the weekly sales volume for a supercenter is in excess of$1.4m. In what othermanner is the supercenter different from the traditional grocerystore?It offersdiscount merchandise in addition to groceries.There is a distinct difference betweenoff-price retailers and discounters. Although thediscounters buy at regular wholesale prices and accept lower margins to keep pricesdown, off-price firms operate differently. What is theoff-price retailers' pricingstrategy?They buy atless-than-regular wholesale prices.In-store demonstrations,displays, sales, and loyalty programs are examples ofsalespromotion

15) Which type of store is much larger than regular supermarkets and offers a largeassortment of routinely purchased food products, nonfood items, and services?A) off-price retailerB) specialty storeC) factory outletD) superstoreE) convenience storeAnswer:DAACSB:Application of knowledge

Skill:ConceptObjective:LO 13.1: Explain the role of retailers in the distribution channel and describethe major types of retailers.Difficulty:Easy

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Which type of store is much larger than regular supermarkets and offers a large assortment of routinely purchased food products?

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16) Which type of store carries a deep assortment of a particular product line, hasknowledgeable staff, and can be viewed as a giant specialty store?AAACSB:Application of knowledge

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Skill:ConceptObjective:LO 13.1: Explain the role of retailers in the distribution channel and describethe major types of retailers.Difficulty:Moderate17) Home Depot and PetSmart are examples of ________.EAACSB:Application of knowledge

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Skill:ConceptObjective:LO 13.1: Explain the role of retailers in the distribution channel and describethe major types of retailers.Difficulty:Easy18) Which of the following would be considered a service retailer?DAACSB:Application of knowledge

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Skill:ConceptObjective:LO 13.1: Explain the role of retailers in the distribution channel and describethe major types of retailers.Difficulty:Easy

19) ________ retailers in the United States are growing faster than product retailers.A) DiscountB) MerchantC) ServiceD) SpecialtyE) Off-priceAnswer:C

Skill:ConceptObjective:LO 13.1: Explain the role of retailers in the distribution channel and describethe major types of retailers.Difficulty:Moderate20) ________ sell standard merchandise at lower prices by accepting lower margins andselling higher volume.B

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AACSB:Application of knowledgeSkill:ConceptObjective:LO 13.1: Explain the role of retailers in the distribution channel and describethe major types of retailers.Difficulty:Easy21) The early ________ cut expenses by offering few services and operating inwarehouse-like facilities in low-rent, heavily traveled districts.CAACSB:Application of knowledge

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Skill:ConceptObjective:LO 13.1: Explain the role of retailers in the distribution channel and describethe major types of retailers.Difficulty:Easy

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Which type of store is much larger than regular supermarkets and offers a large assortment?

superstore: a store much larger than a regular supermarket that offers a large assortment of routinely purchased food products, nonfood items, and services.

Are small stores that carry a limited line of high turnover convenience goods?

Located primarily near residential areas, convenience stores are relatively small outlets that are open long hours and carry a limited line of high-turnover convenience products at high prices.

Is the most frequently visited type of retail store?

33) Convenience stores are the most frequently visited type of retail store.