Match Each Item with the Correct Statement Below

question 103

Multiple Choice

Match each item with the correct statement below.
-_____ is the amount by which a retailer reduces the original selling price of a product.

• A)stock-keeping unit (SKU)
• B)markup
• C)markdown
• D)retail convergence
• E)scrambled merchandising
• F)atmospherics
• G)broker
• H)general merchandise retailer
• I)category killer
• J)rack jobber
• K)supercenter
• L)auction house
• M)specialty store
• N)retailers
• O)mass merchandiser
• P)truck jobber
• Q)direct marketing
• R)drop shipper
• S)planned shopping center
• T)wheel of retailing

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Definitions:

Transitional Stage

A phase in a process of change in which something transitions from one state or condition to another, often marked by a period of adjustment or development.

Industrial Stage

A phase of societal development marked by the widespread growth of industries, technological advancements, and changes in economic and social structures.

Demographic Transition Model

A theory describing the transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.

Development

The process of economic, social, and cultural transformation that improves the well-being and living standards of a society or region.