WorksheetsForms of retail businesses
Total questions: 10
Worksheet time: 5mins
What are Stores / Shops?
Shops and Stores can be described as physical (traditionally bricks and mortar)
Shops and Stores can be described as non physical (traditionally bricks and mortar)
Shops and Stores can be described as online ecommerce.
Shops and Stores can not be described as physical (traditionally bricks and mortar)
Online retailing ............
can be described as physical (traditionally bricks and mortar)
this means selling in a physical store and online
is a mix of two things to form one
Online shopping (sometimes known as E-tailing, from "electronic retail" or E-shopping) is a form of electronic commerce
Multi-channel.................
Online retailing allows customers to buy products without visiting a physical store
Using more than one of the retail channels to sell through. For most retailers this means selling in a physical store and online.
Can be described as physical (traditionally bricks and mortar) and either permanent or temporary
Is a mix of two things to form one
Hybrid..........
Using more than one of the retail channels to sell through
Can be described as physical (traditionally bricks and mortar) and either permanent or temporary
A hybrid is a mix of two things to form one. Hybrid retail stores link the importance of a physical store with E-commerce and / or hospitality and leisure facilities.
Can not be described as physical (traditionally bricks and mortar) and either permanent or temporary
Concessions............
Using more than one of the retail channels to sell through
Is a mix of two things to form one
The owner of the concession does not pay another business / retailer in order to sell their products in their premises / store
The owner of the concession pays another business / retailer in order to sell their products in their premises / store
Temporary shops are also known as...
Pop up shops
Pop shops
Top shops
Pop down shops
Markets.............
Indoor or outdoor – these can be general markets or specialist markets, such as arts and crafts markets, French, Christmas and Farmers' markets.
Traditional temporary stores include seasonal shops such as Christmas shops and firework shops.
This can differ depending on what is being sold, some last for a day only, others trade for weeks or months.
Is a mix of two things to form one
Franchising is an agreement in which one business (called the franchisee) buys the right to sell the goods or services of another business (called the franchisor), and is allowed to use the franchisor's name.
True or False
True
False
