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Amount by which a retailer reduces the original selling price of a product
what is Markdown
concentrated areas where goods are produced, sold, and bought at wholesale prices; a geographic area where buyers and sellers meet to exchange money for products and services.
what is market centers
a circle of ongoing planning, buying and selling activity.
what is merchandise cycle
those dealers who operate between the original buyers and the retail merchants who sell to customers.
what is middlemen
a situation, usually caused by too many imports, that threatens a particular industry with products that are in direct competition with that industry.
what is market disruption
schedules periods of time during which producers officially introduce their new lines of merchandise and retail buyers shop various lines
what is market weeks
focuses on customizing assortments, quantities, and displays at each store.
what is micro-merchandising
an organization that manufactures and markets products in many different countries and has multinational stock ownership and multinational management.
what is multinational corporations
A session in which committee members offer changes to a bill before it goes to the floor
what is markup
includes all activities of the goods not involved in actual production processes
what is material handling
an economic pact that combined the economies of the United States, Canada, and Mexico into one of the world's largest trading blocs.
What is North American Free Trade Agreement (NAFTA)
an order placed with a resident buyer or vendor with no restrictions as to style, color, price, or delivery.
is the dollar of merchandise unit among that buyers are permitted to order for their stores.
What is Open-to-buy