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Retail Marketing
Chapter 3
18
Marketing
Undergraduate 3
09/24/2012

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Term
Multichannel Retailers
Definition
A retailer that sells merchandise or service through more than one channel. By using a combination of channels, retailers can exploit the unique benefits provided by each channel.

Brick and Mortar, Catalog, Online, and Mobile
Term
Retail Channel
Definition
the way a retailer sells and delivers merchandise and services to its customers
Term
Internet Retailing (AKA. online retailing, electronic retailing, e-tailing)
Definition
retail channel in which the offering of products and services for sale is communicated to customers over the internet
Term
catalog retailing
Definition
nonstore retail channel in which the retail offering is communicated to customers through a catalog mailed to customers
Term
Direct Selling
Definition
a retail channel in which salespeople interact with customers face-to-face in a convenient location, either at the customer's home or at work
Term
Party Plan System
Definition
About 1/4 of direct sales
sales people encourage customers to act as host and invite friends or coworkers to a "party"
Term
Multilevel system
Definition
independent business people serve as master distributors, recruiting other people to become distributors in their network
Term
Pyramid Scheme
Definition
develops when the firm and its program are designed to sell merchandise and services to other distributors rather than to end users
Term
Television home shopping
Definition
a retail channel in which customers watch a television program, usually while stoned out of their minds, that demonstrates merchandise and then place orders for that merchandise, usually by telephone, via the internet, or via TV remote.
Term
infomercials
Definition
programs, typically 30 to 60 minutes (too) long, that mix entertainment with product demonstrations and then solicit orders placed by telephone.
Term
Direct response advertising
Definition
consists of one to two minute advertisement on tv and radio tat describe products and provide an opportunity for consumers to order them
Term
Automated retailing
Definition
a retail channel in which merchandise or services are stored in a machine and dispensed to customers when they deposit cash or use credit card
Term
vending machines
Definition
typically placed at convenient, high traffic locations, such as in workplaces or on university campuses.
Term
live chats
Definition
usually popular by 13-15 year old boys that are currently trying to get laid.
customers can click a button at any time and have an instant messaging email or voice conversation with a customer service rep.
Term
Share of customers' wallet
Definition
the % of purchases made from the specific retailer. For example, I like to shop at sex erotic, but analplugs.com wants more of my business so they want to increase my % of money I give them
Term
Disintermediation
Definition
occurs when a manufacturer sells directly to consumers, bypassing retailers
Term
m-commerce
Definition
the purchase of products and services through mobile devices
Term
channel migration
Definition
consumers collecting information about products on their channels and then buying the product from a competitor. (Amazon kills at this)
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