Define the term 'retailer' in your own words, based on the video's explanation.

A retailer is a business or individual that sells products or services directly to consumers for personal use.

Explain how discount stores are able to offer products at lower prices than traditional retailers.

Discount stores achieve cost savings through efficient supply chain management and economies of scale.

Example: Wegmans. Wegmans is known for its exceptional customer service and high-quality prepared foods.

Specialty stores use knowledgeable staff to provide expert guidance and personalized recommendations to customers.

Grade 10th Grade · Social Studies · 45 min· Ccss Ccss. Ela-literacy.ri.9-10.4

I can use target vocabulary to discuss different types of retailing.

Business School 101 · 8:55

8 Most Common Types of Retailers | From A Business Professor

3 key concepts

1
Retailers act as intermediaries between manufacturers/wholesalers and consumers, making products accessible to the public.
2
Department stores offer a broad range of products across categories, while discount stores focus on offering products at lower prices.
3
Warehouse clubs offer products in bulk at discounted prices, requiring a membership fee for access.

8 questions · Multiple choice & Short answer

Quick comprehension check

“Name three different types of retailers, and for each, give an example of a specific store and one marketing strategy they use.”

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