When Golden Rental opened 10 years ago in Barrie,Ontario,it competed with only one or two other DVD rental stores within a five-km radius.Today,there are eight stores in that radius,including two Blockbusters,each one kilometre away in different directions.
There is little doubt that independently owned DVD rental stores are having a tough time competing with chains such as Blockbuster,but many are finding their own special ways of surviving.Part of the solution has been in supplementary merchandise and services such as sports cards and camcorder rentals,or renting and selling the X-rated titles shunned by many chains.Lower rental fees also are prevalent among independents,but the key to success in the mom-and-pop businesses appears to be personalized service.Golden Rental provides services such as helping parents choose G-rated movies that they can watch with their children from their specially designed children's section.To add value,Golden Rental also sells comic books,sports cards,and toys.With friendly and value-added services,Golden Rental has boosted business in spite of the stiff competition.
-Refer to Golden Rental.Golden Rental and Blockbuster represent which type of retailers?
A) mass merchandiser
B) specialty store
C) membership club
D) factory outlet
Correct Answer:
Verified
Q1: A typical discount store competes by carrying
Q2: Retailing can be defined as all activities
Q2: The two types of franchising are target
Q9: Roland LaFarge owns an appliance store where
Q13: Specialty discount stores are often called category
Q14: The retailing industry is dominated by a
Q20: Supermarkets are self-service retailers that specialize in
Q138: When Golden Rental opened 10 years ago
Q142: The person who called Grace last night
Q143: Define retailing.Name two ways that retailing affects
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents