Business of Retail Vocabulary A-D

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Across
  1. 3. marketing: Marketing strategies aimed at specific customers with the goal of getting the customer to take action - order a product online, buy an item via a social media site, visit a store or clip a coupon. Catalogs, loyalty program offerings and targeted emails are examples of direct marketing.
  2. 6. Eager to do better than others.
  3. 8. The process of paying off debt, such as a car loan or mortgage.Assess needs and interest: The process of determining what someone is interested in purchasing and why.
  4. 9. Marked by regularity or always behaving in the same way.
  5. 11. An accounting practice where the cost of a physical asset, such as a piece of equipment, is spread over its useful life.
  6. 13. The activity of producing paid advertisements for commercial products and services.
  7. 14. Satisfactory or acceptable in quality and/or quantity.
Down
  1. 1. Businesses with similar products and/or services that compete for the same customers. These can be classified as direct, indirect or replacement competitors.
  2. 2. Something done intentionally
  3. 4. A business that has shareholders through publicly traded stock, and usually has centralized decision-making for its multiple store locations. Corporate-owned retailers include large chains such as Walmart, Kroger, and Target.
  4. 5. Discouraged someone from doing something by instilling doubt or fear of the consequences.
  5. 6. People who purchase goods or services from a business. Also known as shoppers.
  6. 7. Customers need and/or willingness to buy a certain product or service.
  7. 10. Competitors: Retailers that offer the same product or service with the goal of selling it to the same audience. An example is Apple’s iPhone vs. Samsung’s Galaxy; they are similar phones from different companies, aimed at the same audience.
  8. 12. A conflict or variation between, as between facts, figures, or claims. Differences.