87. Wholesaling intermediaries create place utility by:
extending credit to product manufacturers.
helping deliver goods and services for purchase at convenient locations.
providing a sales force to call upon potential suppliers.
offering a round-the-clock customer helpline.
88. The strategy of category management is used by retailers to:
seek pricing and promotional concessions from manufacturers as conditions for selling their products.
improve their product group performance through coordinated buying, merchandising, and pricing.
attract consumers by making shopping easier, faster, and enjoyable.
decrease its rate of inventory turnover.
89. Dollar General is one of the fastest growing retail store chains in the United States and typically establishes
store locations in under-served or rural towns. In the early days, the stores were small with limited product
lines but as Dollar General has seen its revenues grow, it’s built new stores, added product lines, and has
become a major grocery and household item competitor. What concept explains the patterns of change over
time for the Dollar General company?
law of retail metamorphosis
90. Wendy has a membership at Sam’s Club and Costco and enjoys purchasing items in bulk to save money for
her family. The stores are huge and are distinct in their appearance since they feature large aisles and
commercial shelving. It’s more like shopping in a working warehouse but Wendy loves searching for bargains
and everyday staples such as paper towels and cleaning supplies. Sam’s Club and Costco are examples of
_____ retailers.
91. Developing a customer service strategy for your sporting goods store, you know that services can add value to the
shopping experience. Your business partner agrees, but makes a comment that shows he doesn’t really understand this
type of strategy. Identify his comment.
At this point, we should agree to offer gift wrapping.
At this point, we should specify our return privileges.
At this point, we should agree to provide home delivery.
We don’t need to decide whether to charge customers for gift wrapping.
Our basic objective is to attract and retain customers.
92. You are in the process of starting your own business, a specialty cupcake store. From your study of
marketing, you realize that many of your business decisions, such as where to open the store and how to