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What is a retailer?

Oct 19, 2020 · Milk run logistics is widely utilize by retailers that deals in perishable goods such as food, milk,yogurts, meat and some fresh vegetable. Milk run logistics ensures that retailers fully replenishes their stock at their facilities to alleviate low inventory stocks at all times. Milk Run Logistics according to Winfrid Meusel , “ were any routes that originated by identifying potential …

Who undertakes the retailing activity of a manufacturer?

What type of retailer is Nordstrom & characteristic it shares with other retailers of this type. A. Type of retailer: An upscale department store. B. Characteristic shared with other retailers: Nordstrom share characteristics such as superior customer service, long personal relationships and high prices.

How do you classify the retailers?

View Test Prep - Ch 15 Kahoot from MKT 3000 at Bowling Green State University. 1. What type of retailer is this store? G's Hide answers mm was, I Specialty …

What are the core competencies of discount retailers?

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How can a retailer be classified?

Retailers can be classified on the basis of number of products lines dealt with. Retailer can sell a single line of products or he deals with limited lines or multiple product lines.

What is an independent retailer?

Independent Retailer is the owner of one or multiple stores. It is owned by a single proprietor, two or more partners or a family. Retailer is not the part of any chain or of the large retail organizations. Most of the small retailers in India fall under this category. For example, any general store, grocery shop, corner shops, which may have one or more outlets run by the independent retailer.

Where do smugglers spread their goods?

They spread their goods on pavements at busy street corners or near railway stations or bus terminals. They deal in newspapers, magazines, eatables, stationery items etc. They do not move from place to place with their goods.

When was the first Banmarche opened?

‘Banmarche’ was the first such retail store opened in France in 1852. There are stores like this in India which include ‘Akberally’ in Mumbai and ‘Spencers’ in Chennai.

How are potential customers approached?

Potential customers are approached through advertisements in newspapers or magazines for obtain ing orders . Circulars, catalogues etc. are sent to them by post. All the relevant information about the products such as price, features, delivery terms etc. are provided in these advertisements.

What is lack of personal touch?

(i) Lack of Personal Touch – The buyer does not get an opportunity to inspect and try the goods before purchasing them. Sellers cannot pay personal attention to the likes and dislikes of the customers.

What is automatic vending machine?

An automatic vending machine sells merchandise when a customer deposits sufficient money into its slot or vent to purchase the desired items. It contains products like beverages, snacks, candies, chocolates, platform tickets etc.