Final answer:
Membership-based retailers are stores that require customers to become members in order to access exclusive deals and discounts. Examples include warehouse clubs like Costco and Sam's Club.
Step-by-step explanation:
Stores that sell products directly to consumers and require membership are often referred to as membership-based retailers. These retailers operate on a model where customers pay a fee to become a member, which grants them access to exclusive discounts, deals, and perks. Examples of membership-based retailers include Warehouse clubs like Costco and Sam's Club, and Wholesale clubs like BJ's Wholesale.
Membership-based retailers offer a range of benefits to their members. For instance, they often provide bulk buying options, which allows customers to purchase products at lower prices. Additionally, these retailers may provide additional services such as extended warranties, special events, and member-only services.
Becoming a member of a store like Costco or Sam's Club can be advantageous for consumers who frequently purchase in bulk or are looking to access exclusive deals and discounts.