Retail Concepts Flashcard

Front

Since your products are unique, you decide to describe your store as a ______ retailer, focusing only on jewelry instead of many different items.

Back

specialty

Front

To attract loyal customers, you want to provide a ______ shopping experience, with personal help and suggestions for products.

Back

exclusive

Front

Your goal is to create a feeling of ______ by meeting specific needs and building long-term relationships with customers.

Back

brand loyalty

Front

A(n) ______ retailer makes it easy for customers to browse, find, and purchase what they need from any location.

Back

online

Front

Your goal is to make products available ______.

Back

Anytime

Front

You also want to offer a ______ selection of items.

Back

Wide

Front

You’re opening a store that offers a wide range of products, including groceries, electronics, and clothing, all under one roof. The goal is to attract a broad customer base by providing bulk pricing and a convenient, one-stop shopping experience. This type of retailer is a ______.

Back

Large Retailer

Front

You plan to open a neighborhood shop that focuses on a limited selection of essential items. The store will offer a friendly, personal shopping experience and cater specifically to local residents. This type of retailer is a ______.

Back

Small Retailer

Front

Your business focuses on high-quality, unique products like handmade jewelry and artisan home decor, attracting customers looking for hard-to-find items. You aim to create a unique shopping environment with personalized service. This type of retailer is a ______.

Back

Specialty Retailer

Front

You’re starting a business with a website that allows customers to browse and purchase items from the comfort of their own homes. There is no physical store, and products are shipped directly to customers’ doors. This type of retailer is a ______.

Back

Online Retailer