Product Assortment
The variety of product lines that a store offers.
Also known as:
product assortment width
merchandise breadth
product line width.
Assortment Breadth
Type of plan that obligates a buyer to purchase items on a set schedule, to buy items that a seller may deliver without notice, or to pay membership fees for the opportunity to purchase at a supposed discount.
Buying Plan
The dollar control budget for a retail firm.
Dollar Merchandise Planning
A product whose use is directly related to the use of another base or associated product such that a surge in demand for one product results in an increase in demand for the other.
Complementary Products
This is the number of each item or particular styles that you carry of a particular product.
Also known as Product Assortment
Assortment Depth
The purchasing of goods and products for specific categories based on their characteristics and classifications.
Departmental Buying
Retail channel used by top global brands and smaller, entrepreneurial companies to market products and services to consumers.
Direct Selling
The rate at which a company's goods are sold and replaced.
Stock Turnover
Identifies the types of products, including range of styles, colors and sizes, that align with customer preferences and seasonal needs, and offer step-by-step processes to bring in-demand merchandise onto the shelves in the right stores in the right amounts
Assortment Plan
Purchase decision based on specific descriptions of the item, and not on its available or standard version.
The practice of selling products through a store rather than directly to a customer
Indirect Selling
The amount of stock that a company has compared with the amount of goods that they have sold in a particular period of time.
Stock to Sales Ratio
Which is an example of assortment depth?
A. Alex’s Boutique carries many different types of men’s suits.
B. A women’s boutique is known for its selection of accessories and clothing.
C. Bloomingdale’s department store offers many different types, brands, and price ranges of dresses.
D. A fashion retailer carries many dresses in a large range of sizes and colors
D. A fashion retailer carries many dresses in a large range of sizes and colors
Differentiation of buyers into categories (distributor, wholesaler, retailer, end user, etc.) based on their level in the distribution chain, for setting prices and discounts.
Classification Buying
A shortage is a situation in which demand for a goods exceeds the available supply.
Stock Shortages