Off price retailers - Study guides, Class notes & Summaries

MAR3231 Exam 2 Questions And Answers 100% Verified Destination Retailer - answer-Combination of price-orientated, cost-efficient, exclusive merchandise, superior customer service. -People will drive long distance. -Ex: Trader Joes, Ikea, Bass Pro Shop -Hopkins Ex: American Girl Store. The Wheel of Retailing - answer-Describes how retailers capture market share and create brand value. Ex: Kmart Low-end strategy - answer-Low prices. -Limited Facilities. -Price-sensitive consumer. Medi...

MAC2601 May/June Assessment 6 2024 ;100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... QUESTION 1 (25 MARKS) (30 MINUTES) Futhumala (Pty) Ltd (“FTM”) was founded in the year 2000 by the sisters Mandy and Dineo. FTM produces and sells one type of electric bar heater. The FTM heaters have heating bars on three sides and on top and one heater is normally sold to retailers at R700 each. FTM receiv...

Customer Service Certification Exam Review 100% Pass Comparison Shopping The customer who spends time searching for the best price or deal on the item she is looking to purchase Innovative Buyer The buyer who wants to be first to purchase and own the latest merchandise Impulse Buyer The person who makes quick purchase decisions Physical Cue A physical need such as hunger or thirst that drives behavior Retailing No matter what format it takes, retailing is the method by which consumers acquir...

off-price retailers - offer brand name merchandise at a discount. the merchandise typically consists of excess inventory, closeouts and irregulars closeout stores - off-price stores that offer an assortment of brand-name merchandise at a significant discount off the manufacturer's price commercial cue - advertising message that impacts purchase decisions comparison shopper - the customer who spends time searching for the best price or deal on the item she is looking to purchase convenien...

BUAD 307 Final Exam Questions and Answers 100% Pass The model of advertising encoding and decoding discussed in class: a. Includes a vulnerability to the effects of "noise." b. Is used to determine how to most effectively implement sales promotion. c. Is used to examine a brand's location on the S-shaped curve of advertising effectiveness. d. Suggests that the use of triggers will be ineffective during the maturity phase of the product life cycle. e. Predicts that the effectiveness o...

NRF Certification Test with Complete Solutions brick-and-mortar - Answer-the presence of a physical storefront and face-to-face customer experiences closeout stores - Answer-off-price stores that offer an assortment of brand-name merchandise at a significant discount off the manufacturer's price commercial cue - Answer-advertising message that impacts purchase decisions comparison shopper - Answer-the customer who spends time searching for the best price or deal on the item she is lo...

____________ is a drawing or schematic diagram created to visually represent the store and the way the merchandise should be displayed on the sales floor. - Planogram ______________ describes using the manufacturer's suggested price as a pricing strategy used to prevent competitive pricing between retailers. - Vendor pricing _______________ is the inventory term that describes the ability to scan large volumes of inventory or tagged items at a time. - Retail Frequency ID A business' gros...

Diverse shopper - This buyer is hard to predict or to understand. He shops in many different places and is not obviously influenced by any one retail element Closeout stores - Off-price stores that offer an assortment of brand-name merchandise at a significant discount off the the manufacturer's price Commercial cue - Advertising message that impacts purchase decisions convenience stores - These stores aim at providing their customers a convenient shopping experience. These general mercha...

BUAD 307 Final Exam Questions and Answers 100% Pass The model of advertising encoding and decoding discussed in class: a. Includes a vulnerability to the effects of "noise." b. Is used to determine how to most effectively implement sales promotion. c. Is used to examine a brand's location on the S-shaped curve of advertising effectiveness. d. Suggests that the use of triggers will be ineffective during the maturity phase of the product life cycle. e. Predicts that the effectiveness o...

NRF customer service Exam Questions with All Correct Answers Brick- and-mortar - Answer-The presence of a physical storefront and face-to-face customer experience. Closeout stores - Answer-Off-price stores that offer an assortment of brand-name merchandise at a significant discount off the the manufacturer's price Commercial cue - Answer-Advertising message that impacts purchase decisions convenience stores - Answer-These stores aim at providing their customers a convenient shoppin...