MKT 305 Chapter Notes - Chapter 12.2: Inventory Turnover, Big Data, Vending Machine
Document Summary
Large stores specializing in groceries with self-service and wide assortments. Offered hard goods (e. g. cameras, televisions, and appliances) at substantial price cuts to customers who would go to the discounter"s low-rent store, pay cash, and take care of any service or repair problems themselves. Large self-service stores with many departments selling soft goods (housewares, clothing, and fabrics) and staples (health and beauty) but still follow the discount houses" emphasis on lower margins for faster turnover. Large stores that try to carry not only food and drug items but all g/s that the customer purchases routinely. Tries to meet all of the customer"s routine needs at a low price. The number of times the average inventory is sold in a year. A convenience-oriented variation of the conventional limited-line food stores. Limit their stock to pickup or fill-in items such as bread, milk, gas, etc. Vending machine sales account for only 1. 5 percent of total retail sales.
