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Chapter 2
N/a
10
Marketing
Post-Graduate
09/22/2014

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Cards

Term
Value Chain
Definition
Represents the total budle of benefits offered to consumers through a channel of distribution
Term
Expected retail strategy
Definition
minimum value chain elements a given customer segment expects from a type of retailer
Term
Augmented retail strategy
Definition
the extra elements in a value chain that differentiate one retailer from another
Term
potential retail strategy
Definition
comprises value chain elements no yet perfected by a competing firm in the retailers category
Term
expected customer service
Definition
service level that customers want to receive from any retailer, such as basica employee courtesy
Term
Augmented Customer service
Definition
the activities that enhance the shopping experience and give retailers a competitive advantage
Term
Value delivery system
Definition
Comprises all the parties that develop, produce, deliver, and sell and service particular goods and services.
Term
3 kinds of service retailing
Definition
Rented goods, owned goods, non goods
Term
4 aspects of service retailing
Definition
4 aspects of service retailing
Intangibility, inseparable, perishability, variable
Term
Consumerism
Definition
the activities of government, businesses, and other organizations to protext people from practices infringing upon their rights as consumers
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