10 Terms
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Supermarkets
Terms that are in relation to the biggest kind of retail store.
Industry: Retail
Add a new termContributors in Supermarkets
Supermarkets
standard operating procedures
Retail; Supermarkets
A comprehensive book of a company's policies and procedures. Also called SOP.
combo store
Retail; Supermarkets
A complete, full-line self-service market at least 30,000 square feet or larger with annual sales of at least 10 million dollars, 40 percent of which is non foods.
profit sharing
Retail; Supermarkets
A company's incentive program whereby employees share a percentage of net profits.
cannibalization
Retail; Supermarkets
A competitive factor that reduces a product's sales, such as the debut of a competing brand.
footballing
Retail; Supermarkets
A competitive strategy to rapidly increase sales volume by sharply cutting prices.
data warehousing
Retail; Supermarkets
A compilation of data from a variety of sources for storage and easy retrieval.
wholesale distributor
Retail; Supermarkets
A company that stores, delivers, and sells specialty products to a retailer, e.g., candy, tobacco. Also known as a Candy and Tobacco Jobber.
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