Types of Retail Outlets

Which of the following terms describes retail?

• Individually selling products directly to the customer

• The sale of products in bulk directly from the manufacturer

• Locations where manufacturers distribute and sell their goods

• Large self-service grocery stores

Which of the following terms describes wholesale?

• Individually selling products directly to the customer

• The sale of products in bulk directly from the manufacturer

• Locations where manufacturers distribute and sell their goods

• Large self-service grocery stores

What is a niche market?

• A store which has developed branches offering the same product in different locations

• Locations where manufacturers distribute and sell their goods through retailers

• An open-air form of retail outlet which often includes multiple sellers gathering in a central location at a designated time

• A specialized area of sales targeting a specific group rather than the mass

Which of the following is true of a non-franchised chain?

• Are owned and operated by an individual owner rather than the company

• Are owned by the company and run by a manager hired by the parent company

• Generate more profit than franchise chains

• Explain how a mall in one state has many of the same stores and products as a mall in another state

Which of the following is NOT an example of distance retailing?

• Websites

• Infomercials

• Catalogs

• Door-to-door retailing

Which of the following is an example of party retailing?

• Mary-Kay Cosmetics®

• Wal-Mart®

• Target®

• Miss Me Jeans®

Which of the following is NOT an example of street markets?

• Online retailers

• Farmer’s markets

• Flea markets

• Trade days

Which of the following is an example of an accessory store?

• An auto parts store

• A shoe store

• An electronics store

• A bridal alterations store

Which of the following retail outlets often sells in bulk?

• Supermarkets

• Department stores

• Warehouse clubs

• Chain stores

Which of the following is an example of a distance retailer which does NOT have a physical location?

• Kohl’s.com

• Amazon.com

• Wal-Mart.com

• Target.com