Identify and describe the different types of retailers, based on their product lines. Provide an example of each type of retailer

What will be an ideal response?

Student answers will vary.
-Specialty stores are stores with narrow product lines and deep assortments within those lines. Examples include REI, Sephora and Williams-Sonoma.
-Department stores carry a wide variety of product lines, each operated as a separate department. Examples include Macy's and Neiman Marcus.
-Supermarkets are large, low-cost, self-service stores that carry a wide variety of grocery and household products. Examples include Safeway and Kroger.
-Convenience stores are small stores, open long hours, that carry a limited line of high-turnover convenience goods. Examples include 7-Eleven, Stop-N-Go, and Circle K.
-Superstores are much larger than supermarkets and offer a large assortment of routinely purchased food products, nonfood items, and services. Examples include Walmart and Target.
-Category killers are giant specialty stores that carry a very deep assortment of a specific product line. Examples include Best Buy, Home Depot, and PetSmart.
-Service retailers are retailers whose product line is actually a service; examples include hotels, airlines, banks, colleges, and many others. Specific examples include Holiday Inn, Southwest Airlines, and SuperCuts.

Business

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Business

Astin Ltd. requires all of its divisions to maintain a return on investment (ROI) of at least 25%. Over the past several years, one of Astin's divisions has consistently had the following information: Sales $2,000,000 Net operating income 500,000 In order to achieve the company's ROI goals, this division should do which of the following?

A) Maintain average operating assets of $2,000,000 or more. B) Maintain average operating assets of $2,000,000 or less. C) Maintain average operating assets of $125,000 or more. D) Maintain average operating assets of $125,000 or less.

Business