supermarket

(noun)

a large self-service store that sells groceries and, usually, medications, household goods and/or clothing

Related Terms

  • Hi-low price

Examples of supermarket in the following topics:

  • Optional Collaborative Classrom Exercise

    • To find out the most popular cereal among young people under the age of 10, stand outside a large supermarket for three hours and speak to every 20th child under age 10 who enters the supermarket.
  • When innovation fails: deleting products

    • There is fierce competition in the German grocery industry, due to the increasing number of discount supermarket chains (KPMG 2006).
    • In 1997, Wal-Mart acquired over 21 stores from the supermarket chain "Wertkauf. " One year later, Wal-Mart bought an additional 74 stores from the supermarket chain "Interspar".
    • As a result, Wal-Mart became the fourth biggest operator of supermarkets in Germany (Lebensmittelzeitung 2006).
    • Therefore, the German customer is quite accustomed to the low prices that are offered by numerous discount supermarket chains.
    • The intention was to take over the stores of the insolvent supermarket chains and convert them into Wal-Mart stores.
  • Review

    • The next three questions refer to the following situation: The amount of money a customer spends in one trip to the supermarket is known to have an exponential distribution.
    • Suppose the mean amount of money a customer spends in one trip to the supermarket is $72.
    • Find the probability that one customer spends less than $72 in one trip to the supermarket?
    • (They are poor college students. ) How much money altogether would you expect the 5 customers to spend in one trip to the supermarket (in dollars)?
    • State the distribution to use if you want to find the probability that the mean amount spent by 5 customers in one trip to the supermarket is less than $60.
  • Success and Failure: Strategies to Improve Success

    • In 1997-1998, Wal-Mart acquired over 95 stores from existing German supermarket chains, making it the fourth biggest supermarket operator in Germany.
    • Wal-Mart did not build their own stores, but took over existing supermarkets that had a completely different business model - they were very small and had a limited range of goods.
    • However, due to the extreme competition, Germans are accustomed to the low prices that are offered by numerous discount supermarket chains.
    • However, customer reaction was negative, because customers who normally do their grocery shopping in discount supermarket chains are used to self-service.
  • Everyday Low Pricing

    • One 1992 study stated that 26% of American supermarket retailers pursued some form of EDLP, meaning the other 74% were Hi-Lo promotion-oriented operators.
    • One 1994 study of an 86-store supermarket grocery chain in the United States concluded that a 10% EDLP price decrease in a category increased sales volume by 3%, while a 10% Hi-Low price increase led to a 3% sales decrease; but that because consumer demand at the supermarket did not respond much to changes in everyday price, an EDLP policy reduced profits by 18%, while Hi-Lo pricing increased profits by 15%.
  • Lab: One-Way ANOVA

    • Record the price per pound of 8 fruits, 8 vegetables, and 8 breads in your local supermarket.
  • Store Retailers

    • Supermarkets: Supermarkets evolved in the 1920s and 1930s.
    • Supermarkets are large, self-service stores with central check-out facilities, they carry an extensive line of food items and often non-food products.
    • Supermarkets were among the first to experiment with such innovations as mass merchandising and low-cost distribution methods.
  • Customer Expectations

    • Department stores, supermarkets, and warehouse stores are all large retail outlets.
    • A shopper at a warehouse store, for example, will expect to find low-cost, high-quantity goods, while a customer at a supermarket expects to find groceries and limited non-food items.
    • Supermarkets usually offer a wide range of products at average prices.
  • Review

    • Six different brands of Italian salad dressing were randomly selected at a supermarket.
    • Calculate a 95% confidence interval for the population mean grams off at per serving of Italian salad dressing sold in supermarkets.
  • Macromarketing versus micromarketing

    • The use of scanners in supermarkets and automatic teller machines in banking illustrates the last example.
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.