Pop Quiz Raya: Merchandise Handling

The correct sequence of merchandise handling procedures are: Ordering > Checking > Marking > Receiving > Stocking

• True

• False

The encouragement for retailers who pay their bills before the due date or make prompt payment

• Trade discount

• Quantity discount

• Seasonal discount

• Cash discount

A form of compensation that the buyer may receive for performing certain services for the supplier together with its detailed terms and conditions.

• Trade discount

• Quantity discount

• Seasonal discount

• Cash discount

Supplier offers encouragement for buying their product through free display materials, merchandise deals, and preferred selling space.

• Negotiation the logistics

• Negotiation the service

• Promotional allowance

An inducement to retailers who bought large order quantities of merchandise.

• Trade discount

• Quantity discount

• Seasonal discount

• Cash discount

Retailers consider issues in who pays transportation charges, where the title exchanged hands, and who is responsible for filing claims.

• Negotiation the logistics

• Negotiation the service

• Promotional allowance

Price reductions are given to buyers who are willing to order, receive and pay for goods during off season

• Trade discount

• Quantity discount

• Seasonal discount

• Cash discount

The followings are THREE(3) ways that a retail store can organize their stockroom EXCEPT:

• Inter-outlet transfer

• Stocktake

• Staff purchases

• Stock clearance

Forward stock and reserve stock are the methods of storing merchandise in the retail store. 

• True

• False

Orders placed with suppliers for merchandise not normally carried in stock or for specially manufactured merchandise. May involve specification buying.

• Special order

• Back order

• Open order

• Blanket order

• Re-order