FMD258 Study Guide

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Across
  1. 2. Number of different product lines carried in a store
  2. 5. Amount of money that remains for nonessential purchases after life-sustaining items have been purchased
  3. 12. Perception a customer has of a company or product in relation to others
  4. 13. Amount of money remaining after taxes for major household expenditures such as sustenance foodstuffs, basic clothing, and shelter
  5. 15. Group of retail and other commercial establishments that is planned, developed, owned, and managed as a single property
  6. 17. Carrying products unrelated to a store’s traditional or expected merchandise mix
  7. 18. Number of similar styles or models in each product line
  8. 21. Reduction in the amount of money available in a country, creating a decline in prices and wages
  9. 22. Pooling of financial and material resources by two or more companies in order to become one
  10. 23. Total value of all goods and services produced by a country during a specific time period
  11. 24. All the goods in a store, defined in terms of breadth and depth of stock
  12. 25. Unique characteristics of a business/product that give it a superior position in the marketplace
  13. 26. A company’s market capitalization measured against the value of its assets
Down
  1. 1. Retailers that buy and sell at low prices and depend on high volume and low overhead to be profitable
  2. 3. Contractual arrangement by which individuals or companies agree to own and operate a business in accordance with the brand standards of the host company
  3. 4. Industrial or commercial channel where an apparel manufacturer sells to a wholesaler, distributor, or retail company
  4. 6. Business conducted online using wireless devices such as cell phones, smartphones, and tablets
  5. 7. Period of time between a person’s receipt of a catalogue or advertisement and the actual sale
  6. 8. Alliance that promotes trade among the United States, Canada, and Mexico
  7. 9. Specialty superstores that focus on limited merchandise classifications and great breadth and depth of assortments
  8. 10. Practice of two separate retailers joining forces for the purpose of reaching customers more effectively and increasing sales for both parties
  9. 11. Usually a brief paragraph that concisely describes a business and its reason for existence
  10. 14. Optimal practice of aligning merchandising, logistics, technologies, and all other functions fully in order to serve customers consistently well across all selling options
  11. 16. Low-cost items that are purchased with minimum effort or time
  12. 19. Classification of people on the basis of their lifestyles, activities, interests, and opinions
  13. 20. Method used to group people according to their attributes and behaviors