What is the standard difference in between buying and also merchandising?
| ||Buying consists of product purchases however not their sale, while merchandising has the broad range of tasks involved in buying and offering goods and also solutions. |
|Buying duty is in the primary save, while responsibility for merchandising is in the branches. |
|Buying obligation is a line function, while merchandising responsibility is a staff function. |
|Buying duty is a staff attribute, while merchandising is a line function. |
A significant benefit of a merchandising ideology is that:
| ||duty and authority are clear |
|morale of in-keep personnel increases|
|it fosters the advance of specialists |
|it recognizes that buyers might not be efficient supervisors |
Which of the complying with is a form of scrambled merchandising?
|category management |
|direct product profitcapacity |
The exact same personnel take care of both merchandising and various other retail tasks in which buying organization?
Which of the adhering to is not an benefit of a formal buying organization?
| ||well-identified obligations |
|the use of full time, specialized merchandisers |
|low expenses |
|well-identified authority |
Which kind of buying organization is characterized by adaptability to regional industry problems, little staff support, and also some loss of volume discounts?
| ||informal |
Which type of buying company is the majority of typically supplied by tiny or medium-sized retailers or by retailers that are situated much from their supply sources?
| ||a resident buying office |
|a decentralized organization |
|an inside organization |
|an outside company |
Items such as milk, breview, and also canned soup are examples of:
| ||staple merchandise |
|fashion merchandise |
|seasonal merchandise |
Products that have cyclical sales as a result of changing tastes and lifeformats are:
| ||assortment merchandise|
A high level of sales is generated for a fairly brief time with:
| ||seasonal merchandise|
A fashion that is initially embraced by upscale consumers and undergoes changes in its standard form before it is marketed to the general public mirrors a:
| ||horizontal trend |
|horizontal life cycle|
|vertical life cycle|
The variety of distinct goods/company categories a retailer carries is described as the:
| ||consistency of the product mix|
|product life cycle|
|depth of assortment|
|width of assortment|
A retailer seeking to offer one-sheight shopping and also to geneprice customer loyalty would certainly follow which of the following retail assortment strategies?
| ||wide and deep |
|wide and also shenable |
|narrowhead and also deep |
|narrowhead and also shenable |
Private (dealer) brands:
| ||are produced and also controlled by manufacturers |
|are more expensive for consumers |
|are supported by manufacturer proclaiming |
|contain the wholesaler"s or retailer"s name|
Which brands obtain additional shelf places, have little or no promotional assistance, and are stocked in limited assortments?
| ||made brands |
|personal brands |
|generic brands |
|participating labels |
The competition for shelf room in between manufacturers and also retailers is described as:
| ||slotting fees|
|the battle of the brands|
|administered channel conflict|
Products are arranged into strategic business units to much better accomplish customer demands and to attain sales and profit goals in:
| ||category management|
|straight product profitability|
Which of the following actions is comparable to inventory turnover?
| ||cash flow |
|gross margin rerevolve on inventory (GMROI)|
|days" supply |
|straight product profitcapacity (DPP)|
An item"s gross profit much less its straight retailing costs amounts to its:
| ||gross margin |
|gross margin rerotate on inventory (GMROI)|
|direct product profitcapacity (DPP)|
Which of the adhering to is not a type of merchandising software?
| ||forespreading software|
|predicting software |
|innovativeness software |
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