TAM 1300 EXAM 1 QUESTIONS AND
ANSWERS
offer-a-broad-variety-and-deep-assortment,-with-customer-service---ans-✔✔department-
store
name-a-category-specialist---ans-✔✔Staples,-best-buy,-dicks,-DSW
nonstore-format-in-which-merchandise-or-services-are-stored-in-a-machine-and-
dispensed-to-customers-when-they-deposit-cash/credit---ans-✔✔vending-machine-
(automated-retailing-channel)
Offer-an-inconsistent-assortment-of-brand-name-merchandise-at-low-prices---ans-✔✔Off-
price-retailers
large-stores-that-combine-a-supermarket-with-a-full-line-discount-store---ans-
✔✔supercenter
not-popular-in-US-but-popular-in-europe---ans-✔✔Hyper-markets
Offers-a-broad-variety-of-merchandise,-limited-service-and-low-prices---ans-✔✔discount-
store
large-stores-located-in-low-rent-areas---ans-✔✔warehouse-club-(Sams,-Costco)
Name-a-speciality-store---ans-✔✔forever-21-Gap-Apple-MAC
known-as-category-killers---ans-✔✔category-specialist
pharmaceuticals-represent-over-50%-of-their-sales---ans-✔✔Drugstores
Large-stores-with-a-combination-of-food-and-general-merchandise-but-stock-fewer-skus-
than-supercenters---ans-✔✔hypermarkets
offer-a-limited-number-of-complementary-merchandise-categories-high-level-of-service-
and-small-stores---ans-✔✔Speciality-stores
name-an-extreme-value-retailer---ans-✔✔dollar-general
, concentrate-on-health-and-personal-grooming---ans-✔✔drugstores
a-retail-format-in-which-customers-watch-a-tv-program-that-demonstrates-merchandise-
and-then-place-orders-by-telephone---ans-✔✔television-home-shopping
name-a-department-store---ans-✔✔Nordstroms-Macys
discount-store-that-offers-a-deep-but-narrow-assortment-of-merchandise---ans-
✔✔category-specialist
retail-format-in-which-salespeople-contact-customers-directly-in-a-convenient-location-
demonstrate-merchandise-or-explain-a-service-take-an-order-and-then-deliver-or-perform---
ans-✔✔direct-selling-channel
type-of-off-price-retailer-that-sells-broad-but-inconsistent-merchandise,-apparel,-and-soft-
home-goods---ans-✔✔close-out-retailer
offered-limited-irregular-assortment-of-food-and-general-merchandise-with-little-service-
and-low-prices---ans-✔✔warehouse-club
to-survive-attempting-to-form-exclusive-arrangements-with-nationally-recognized-brands---
ans-✔✔department-stores
store-that-accepts-used-merchandise-from-people-and-pay-them-after-its-sold---ans-
✔✔consignment-shop
offering-is-communicated-to-a-costumer-through-a-catalog---ans-✔✔catalog-channel
functions-as-a-retailer-and-a-wholesaler---ans-✔✔warehouse-club-and-category-specialist
traditional-services-such-as-free-bags-and-credit-are-not-provided---ans-✔✔warehouse-
club
buy-opportunistically-from-other-retailers-and-manufacturers---ans-✔✔off-price-retailers
organize-stores-into-separate-departments-for-displaying-merchandise---ans-
✔✔department-stores
off-price-retailer-owned-by-a-manufacturer---ans-✔✔factory-stores
name-a-discount-store---ans-✔✔target,-walmart,-kmart
type-of-non-store-retailer-that-communicates-with-customers-and-offers-products-and-
services-over-the-internet---ans-✔✔electronic-and-mobile-retailing-electronic-commerce
ANSWERS
offer-a-broad-variety-and-deep-assortment,-with-customer-service---ans-✔✔department-
store
name-a-category-specialist---ans-✔✔Staples,-best-buy,-dicks,-DSW
nonstore-format-in-which-merchandise-or-services-are-stored-in-a-machine-and-
dispensed-to-customers-when-they-deposit-cash/credit---ans-✔✔vending-machine-
(automated-retailing-channel)
Offer-an-inconsistent-assortment-of-brand-name-merchandise-at-low-prices---ans-✔✔Off-
price-retailers
large-stores-that-combine-a-supermarket-with-a-full-line-discount-store---ans-
✔✔supercenter
not-popular-in-US-but-popular-in-europe---ans-✔✔Hyper-markets
Offers-a-broad-variety-of-merchandise,-limited-service-and-low-prices---ans-✔✔discount-
store
large-stores-located-in-low-rent-areas---ans-✔✔warehouse-club-(Sams,-Costco)
Name-a-speciality-store---ans-✔✔forever-21-Gap-Apple-MAC
known-as-category-killers---ans-✔✔category-specialist
pharmaceuticals-represent-over-50%-of-their-sales---ans-✔✔Drugstores
Large-stores-with-a-combination-of-food-and-general-merchandise-but-stock-fewer-skus-
than-supercenters---ans-✔✔hypermarkets
offer-a-limited-number-of-complementary-merchandise-categories-high-level-of-service-
and-small-stores---ans-✔✔Speciality-stores
name-an-extreme-value-retailer---ans-✔✔dollar-general
, concentrate-on-health-and-personal-grooming---ans-✔✔drugstores
a-retail-format-in-which-customers-watch-a-tv-program-that-demonstrates-merchandise-
and-then-place-orders-by-telephone---ans-✔✔television-home-shopping
name-a-department-store---ans-✔✔Nordstroms-Macys
discount-store-that-offers-a-deep-but-narrow-assortment-of-merchandise---ans-
✔✔category-specialist
retail-format-in-which-salespeople-contact-customers-directly-in-a-convenient-location-
demonstrate-merchandise-or-explain-a-service-take-an-order-and-then-deliver-or-perform---
ans-✔✔direct-selling-channel
type-of-off-price-retailer-that-sells-broad-but-inconsistent-merchandise,-apparel,-and-soft-
home-goods---ans-✔✔close-out-retailer
offered-limited-irregular-assortment-of-food-and-general-merchandise-with-little-service-
and-low-prices---ans-✔✔warehouse-club
to-survive-attempting-to-form-exclusive-arrangements-with-nationally-recognized-brands---
ans-✔✔department-stores
store-that-accepts-used-merchandise-from-people-and-pay-them-after-its-sold---ans-
✔✔consignment-shop
offering-is-communicated-to-a-costumer-through-a-catalog---ans-✔✔catalog-channel
functions-as-a-retailer-and-a-wholesaler---ans-✔✔warehouse-club-and-category-specialist
traditional-services-such-as-free-bags-and-credit-are-not-provided---ans-✔✔warehouse-
club
buy-opportunistically-from-other-retailers-and-manufacturers---ans-✔✔off-price-retailers
organize-stores-into-separate-departments-for-displaying-merchandise---ans-
✔✔department-stores
off-price-retailer-owned-by-a-manufacturer---ans-✔✔factory-stores
name-a-discount-store---ans-✔✔target,-walmart,-kmart
type-of-non-store-retailer-that-communicates-with-customers-and-offers-products-and-
services-over-the-internet---ans-✔✔electronic-and-mobile-retailing-electronic-commerce
