What is the fundamental difference in between buying and merchandising?

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Buying contains product purchases however not your sale, when merchandising contains the broad range of activities involved in buying and selling goods and services.
Buying obligation is in the key store, while responsibility for merchandising is in the branches.
Buying duty is a line function, if merchandising obligation is a staff function.
Buying responsibility is a employee function, when merchandising is a heat function.

A significant advantage of a merchandising philosophy is that:

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responsibility and also authority are clear
morale of in-store personnel increases
it fosters the breakthrough of professionals
it recognizes the buyers may not be effective supervisors

Which that the adhering to is a kind of scrambled merchandising?

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cross-merchandising
micro-merchandising
category management
direct product benefit

The very same personnel manage both merchandising and other retail work in which buying organization?

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centralized
decentralized
informal
formal

Which the the complying with is not an benefit of a formal buying organization?

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well-defined obligations
the use of full-time, specialized merchandisers
low expenses
well-defined authority

Which kind of buying company is identified by adaptability to local industry conditions, tiny staff support, and some lose of volume discounts?

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informal
formal
cooperative
decentralized

Which kind of buying organization is most generally used by small or medium-sized retailers or through retailers that are located far from their supply sources?

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a resident buying office
a decentralized company
an inside organization
an exterior organization

Items such together milk, bread, and canned soup are examples of:

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staple was
fashion merchandise
seasonal goods
fads

Products that have actually cyclical sales due to an altering tastes and also lifestyles are:

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assortment merchandise
fashion merchandise
fad merchandise
nostalgic merchandise

A high level that sales is generated for a relatively short time with:

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seasonal merchandise
fad merchandise
fashion merchandise
nostalgic merchandise

A fashion the is an initial accepted through upscale consumers and also undergoes alters in that basic kind before it is offered to the basic public mirrors a:

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horizontal trend
vertical trend
horizontal life cycle
vertical life cycle

The variety of distinct goods/service category a retailer tote is described as the:

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consistency that the product mix
product life cycle
depth that assortment
width that assortment

A retailer seek to offer one-stop shopping and also to generate customer loyalty would follow which of the following retail assortment strategies?

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wide and also deep
wide and also shallow
narrow and deep
narrow and shallow

Private (dealer) brands:

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are produced and also controlled by manufacturers
are an ext expensive for consumer
are supported by manufacturer declaring
contain the wholesaler"s or retailer"s name

Which brand receive secondary shelf locations, have small or no promotional support, and also are stocked in limited assortments?

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manufactured brand
private brands
generic brands
cooperative brand

The competition for shelf space between manufacturers and also retailers is described as:

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slotting fees
channel cooperation
the battle of the brands
administered channel conflict

Products room arranged into strategic service units to better meet customer needs and also to attain sales and also profit objectives in:

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category management
direct product profitability
retail auditing
merchandising

Which of the adhering to measures is similar to inventory turnover?

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cash circulation
gross margin return on inventory (GMROI)
days" it is provided
direct product benefit (DPP)

An item"s gross profit less its straight retailing expenses equals its:

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gross margin
gross margin return on list (GMROI)
net profit
direct product profitability (DPP)

Which of the following is not a kind of merchandising software?

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forecasting software
predicting software program
innovativeness software application
allocation software
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