Test 1 Flashcards
What is the best method of purchasing?
Ordering different amounts of the different items based on demand
Where do you put Impulse purchases?
In the front of the store by the cash registers
Given example of a seasonal item
Sunscreen
Where should you place appealing merchandise?
At the front of the store by the entrance
Demographics
Socioeconomic make up
Location that leads the customer around the store in a loop
Loop
A business’ geographical surroundings
Trade area
Another name for a staple merchandise list
Basic stock list
Vendors bill for stock purchased
Invoice
What is the best shelf spot
The middle shelf
What are some important factors of vendor selection
Quality and reliability
What is merchandising
Display and placement of products
What info would be good to know for choosing a location
Demographics projections employment rate
What method of inventory accounts for stolen goods
Physical inventory because the computer does not know when things are stolen
