1. Principles of Business, Marketing, and Finance Retailers in a Private Enterprise System Copyright © Texas Education Agency, 2011. All rights reserved

2. “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1)Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee. Copyright © Texas Education Agency, 2011. All rights reserved 2

3. Retail Sales Sales of durable and nondurable goods bought by consumers nondurabledurable Copyright © Texas Education Agency, 2011. All rights reserved 3

4. Types of Businesses Intermediary -business involved in selling the goods and services of producers to consumers and other businesses Service Business carries out activities that are consumed by its customers –does not offer products for sale –fastest growing part of the economy –more than 60 percent of all U.S. employment –new types of service businesses-Internet service providers, web designers, online businesses Copyright © Texas Education Agency, 2011. All rights reserved 4

5. Retailer channel member direct channel of distribution move from the producestraight to the consumer with no other organizations participating –products move from the producer straight to the consumer with no other organizations participating indirect channel of distribution -includes one or more other businesses between the producer and the consumer Retailers -the final business organization in an indirect channel of distribution for consumer products Copyright © Texas Education Agency, 2011. All rights reserved 5

6. Department Stores Discount Stores Specialty Stores Super Markets Convenience Stores Traditional Retailers Copyright © Texas Education Agency, 2011. All rights reserved 6

7. Contemporary Retailers Specialty Superstores Warehouse Club Factory Outlets or Off-price stores Superstores or Hypermarkets Showroom Retailers Copyright © Texas Education Agency, 2011. All rights reserved 7

8. Non-store Shopping Mail Order Vending Machines Internet Copyright © Texas Education Agency, 2011. All rights reserved 8