Business 695 Quiz 3

subject Type Homework Help
subject Pages 3
subject Words 313
subject Authors James R. Carver, Patrick M. Dunne, Robert F. Lusch

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Service retailers, such as a plumbers or house painters, may not be concerned about the
convenience of their locations.
Culture is the buffer that humankind has created between itself and the raw physical
environment.
A functional discount is a reduction in price given to retailers to compensate them for
their promotional expenses.
The most common merchandise error is carrying over seasonal or fashion merchandise
into the next merchandising season.
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Technological integration in retailing can be viewed under the areas of supply chain
management, customer management, and customer satisfaction.
How can a virtual store drive repeat visits and encourage purchasing?
One of a retailer's greatest assets when dealing with a vendor is the retailer's past
experiences with that vendor.
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A sell through is the percentage of the stock of a particular item from a particular
vendor that sold during the merchandise season.

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