the last step in the supply chain that moves goods from the producer to the final customer
What is retailing
100
This varies according the size and type of retail store
What is the organizational plan
100
The central function of retailing is carried out by this division
What is merchandising division
100
This is a highly competitive industry.
What is fashion retailing
100
A group of twelve.
What is a dozen
200
According to the American Marketing Association this is the identification of the product or product line decisions of retailers.
What is merchandising
200
A four function organizational plan
What is the Mazur plan
200
This division supervises the budget
What is the financial control division
200
Merchandisers must compete effectively to achieve this...
What is a profit
200
The relationship one number is to the whole.
What is a percent.
300
The right merchandise, at the right place, at the right time, in the right quantities, at the right price.
What are the five rights of merchandising
300
The original store location
What is the flagship store
300
Store maintenance and housekeeping, shipping and delivery, receiving and processing, warehousing, workrooms, loss prevention, and customer service are the responsibility of this division.
What is the operations division
300
These are being constantly compared to sales goals and last year's figures.
What is the buyer's sales goals. (This requires mathematics)
300
A part of a whole, expressed in hundredths
What is a percentage
400
They primary goal of manufacturers, wholesalers, and retailers
What is sell their products and make a profit
400
These functions are performed for all stores at a central location
What is centralized merchandising
400
This division headed is concerned with advertising, visual merchandising, and public relations.
What is the sales promotion division
400
The second measure of the buyer's efficiency.
What is inventory results. (This requires mathematics)
400
The total amount, which is 100%.
What is the base
500
Estimating the customers' needs and wants, plans purchases, buying goods and making them available to the customer, and motivates the customer to buy.
What is a broad definition of merchandising
500
The head of the merchandising division
Who is the general merchandise manager (GMM).
500
These divisions support the merchandising division
What is Financial Control, Operations,HR, and Sales Promotion
500
The most important part of a buyer's job.
What is making a profit.
500
The fractional amount of the result of multiplying the base by the percentage. (Base X percentage)