MAR3231 (UF) EXAM 1 {LATEST 2026 -2027
update} QUESTIONS AND ANSWERS 100%
CORRECT
Power Perimeter - correct answer The areas around the outside walls of conventional
supermarkets. High-traffic, profitable departments that pull shoppers through the
store. (dairy, bakery, meat, florist, produce, deli)
Fair trade - correct answer purchasing from factories that pay workers a living wage
Locavore movement - correct answer reducing the carbon footprint caused by the
transportation of food throughout the world
Supercenters and Hypermarkets - correct answer large stores that carry both food
and general merchandise. They are the same size but different in the number of SKU's
they stock (Hypermarkets [40k-60k skus] stock fewer skus than Supercenters [160k-
,200k skus]). They are referred to as big-box stores as a result of their size and shape.
Big Box (large, limited service)
Warehouse Clubs (Wholesale Clubs) - correct answer large stores, with a much lower
number of SKU's and are generally targeted to individuals and business that buy in
bulk. A common characteristic is a membership fee. (Costco, Sam's Club, BJ's
Wholesale Club)
Convenience Stores - correct answer small retailers that are designed to be easy to
navigate and quick to check out. Goods here are priced higher than at other food
retailers. (7-11)
Department stores - correct answer retailers that offer both a large variety and
assortment of goods that are divided into different sections for display. Divided into
three tiers with higher tiers having better customer service and higher prices
,(Neiman's, Saks), middle (Macy's, Nordstrom), and lower tiers having less customer
service and more affordable costs (Kohl's).
Soft goods - correct answer nondurable or consumable goods that have a shorter life
span (cosmetics, clothing, bedding)
Hard goods - correct answer also called durable goods, manufactured items that are
expected to last several years (appliances, furniture, electronics)
Department stores are increasing their - correct answer exclusive merchandise,
increasing private label merchandise, and expanding their multichannel presence to
deal with eroding market share.
Full-line discount stores - correct answer retailers that offer a large variety of
merchandise at low prices with limited service. (Walmart, Kmart, Target)
, Category specialists - correct answer also known as category killers, are big-
box/discount stores that have lower variety but deep assortment of merchandise with
a self-service approach. (Bass Pro Shops, Home Depot, Staples)
Specialty Stores- Single Brand or Private Label - correct answer offer complementary
merchandise with deep assortments and focus on a higher level of customer service.
Basically, stores in malls. (Victoria's Secret, Sephora, Abercrombie)
Resale stores - correct answer retailers that sell used goods and include thrift stores
and consignment shops.
Drugstores - correct answer are specialty stores that concentrate health and beauty
care with pharmaceuticals and cosmetics. (Walgreens, CVS, Rite Aid)
update} QUESTIONS AND ANSWERS 100%
CORRECT
Power Perimeter - correct answer The areas around the outside walls of conventional
supermarkets. High-traffic, profitable departments that pull shoppers through the
store. (dairy, bakery, meat, florist, produce, deli)
Fair trade - correct answer purchasing from factories that pay workers a living wage
Locavore movement - correct answer reducing the carbon footprint caused by the
transportation of food throughout the world
Supercenters and Hypermarkets - correct answer large stores that carry both food
and general merchandise. They are the same size but different in the number of SKU's
they stock (Hypermarkets [40k-60k skus] stock fewer skus than Supercenters [160k-
,200k skus]). They are referred to as big-box stores as a result of their size and shape.
Big Box (large, limited service)
Warehouse Clubs (Wholesale Clubs) - correct answer large stores, with a much lower
number of SKU's and are generally targeted to individuals and business that buy in
bulk. A common characteristic is a membership fee. (Costco, Sam's Club, BJ's
Wholesale Club)
Convenience Stores - correct answer small retailers that are designed to be easy to
navigate and quick to check out. Goods here are priced higher than at other food
retailers. (7-11)
Department stores - correct answer retailers that offer both a large variety and
assortment of goods that are divided into different sections for display. Divided into
three tiers with higher tiers having better customer service and higher prices
,(Neiman's, Saks), middle (Macy's, Nordstrom), and lower tiers having less customer
service and more affordable costs (Kohl's).
Soft goods - correct answer nondurable or consumable goods that have a shorter life
span (cosmetics, clothing, bedding)
Hard goods - correct answer also called durable goods, manufactured items that are
expected to last several years (appliances, furniture, electronics)
Department stores are increasing their - correct answer exclusive merchandise,
increasing private label merchandise, and expanding their multichannel presence to
deal with eroding market share.
Full-line discount stores - correct answer retailers that offer a large variety of
merchandise at low prices with limited service. (Walmart, Kmart, Target)
, Category specialists - correct answer also known as category killers, are big-
box/discount stores that have lower variety but deep assortment of merchandise with
a self-service approach. (Bass Pro Shops, Home Depot, Staples)
Specialty Stores- Single Brand or Private Label - correct answer offer complementary
merchandise with deep assortments and focus on a higher level of customer service.
Basically, stores in malls. (Victoria's Secret, Sephora, Abercrombie)
Resale stores - correct answer retailers that sell used goods and include thrift stores
and consignment shops.
Drugstores - correct answer are specialty stores that concentrate health and beauty
care with pharmaceuticals and cosmetics. (Walgreens, CVS, Rite Aid)
