Factory Outlet Notes: Definitions & Explanations PDF Download
Study Factory Outlet lecture notes PDF with marketing definitions and explanation to study “What is Factory Outlet?”. Study factory outlet explanation with marketing terms to review marketing course for online MBA programs.
Factory Outlet Definition:
An off-price retailing operation that is owned and operated by a manufacturer and normally carries the manufacturer's surplus, discontinued, or irregular goods.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Factory Outlet Notes:
An outlet store, industrial facility outlet or plant shop is a block and concrete or online store wherein makers sell their stock legitimately to the general population. Customarily, a manufacturing plant outlet was a store appended to an industrial facility or distribution center, now and then enabling clients to watch the generation procedure, for example, in the first L.L. Bean store. In current use, outlet stores are regularly maker marked stores, for example, Gap or Bon Worth gathered in outlet shopping centers. The development of the industrial facility outlet store is frequently credited to Harold Alfond, organizer of the Dexter Shoe Company.
Keep Learning with Marketing Notes
What is Geographical Pricing?
As the name proposes, geographic maping is a valuing model where the last cost of the item is settled based ...
What is Telephone Marketing?
Numerous organizations use phone advertising to speak with their clients. Any firm that sells direct for the most part handles ...
What is Concentrated (niche) Marketing?
Niche marketing is a specific form of marketing. Consequently, other marketing technique follows wide range of consumers. This method is ...
What is Corporate Culture?
Corporate culture is a set of believes that determine the way companies and their employees interact with other clients or ...
What is Demand Chain Planning?
It is an effective tool that enables companies to implement best suitable market distribution strategy. Having an effective distribution strategy ...
What is Dumping?
Dumping is a marketing term used when company exports its products at a price which is lower in international market ...