distribution
price planning
Pricing stratigies
product mangement
100
the merchandise is checked directly against the actual in voice or purchase order
What is Direct check?
100
Value of money placed on a good or service
What is Price?
100
involves the seller's offering reductions from the usual price
What is Discount pricing?
100
refers to the number of product items
What is Product depth?
200
a random check of one carton in a shipment
What is Spot check?
200
when a change in price creates a change in demand
What is Elastic Demand?
200
all customers are charged the same price for the goods and services offered for sale
What is one-price policy?
300
it is the most accurate method but can be very time- consuming
What is Blind check?
300
an item priced at or below cost to draw customers into the store
What is Loss Leader?
300
the difference between the price of an item and its cost, generally expressed as a percentage
What is Mark up?
400
method used to insect the workmanship and general charateristics of the recieved merchandise
What is Quality check?
400
Charging different prices to similar customers in similar situations
What is Price Discrimination?
400
allows customers to bargain for merchandise
What is Flexible pricing?
500
buy large quantities goods & resell
What is Wholesaler?
500
allows consumers to compare prices in a relation to a standard unit or measure
What is Unit Pricing?
500
offered to buyers who are willing to buy in advance of the customary buying season
What is Seasonal discount?
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