MKT 305 Exam questions and
answers well defined 100%
Retailing - ANS✅✅all the activities involved in selling products or services directly to final
consumers
Economies of Scale - ANS✅✅a proportionate saving in costs gained by an increased level of
production
-big retailers sell to franchise operations and corporate chains
Retailer Strategy - ANS✅✅retailers make marketing mix decisions about target market, product,
place, and price
Marketing Strategy Decisions for Retailers: Product - ANS✅✅>product selection
>after-sale service
>special services
Marketing Strategy Decisions for Retailers: Place - ANS✅✅>physical stores and/or sales over the
internet
>number/location of stores
>shopping atmosphere
>store size, layout & design
>store hours
Marketing Strategy Decisions for Retailers: Price - ANS✅✅>credit cards
>discount policies
>frequency and level of sale prices
>charge (or not) for delivery or other services
Marketing Strategy Decisions for Retailers: Promotion - ANS✅✅>advertising
>publicity
>salespeople
answers well defined 100%
Retailing - ANS✅✅all the activities involved in selling products or services directly to final
consumers
Economies of Scale - ANS✅✅a proportionate saving in costs gained by an increased level of
production
-big retailers sell to franchise operations and corporate chains
Retailer Strategy - ANS✅✅retailers make marketing mix decisions about target market, product,
place, and price
Marketing Strategy Decisions for Retailers: Product - ANS✅✅>product selection
>after-sale service
>special services
Marketing Strategy Decisions for Retailers: Place - ANS✅✅>physical stores and/or sales over the
internet
>number/location of stores
>shopping atmosphere
>store size, layout & design
>store hours
Marketing Strategy Decisions for Retailers: Price - ANS✅✅>credit cards
>discount policies
>frequency and level of sale prices
>charge (or not) for delivery or other services
Marketing Strategy Decisions for Retailers: Promotion - ANS✅✅>advertising
>publicity
>salespeople