WorksheetsRetail 2000 Chapter 3
Total questions: 20
Worksheet time: 10mins
Staple goods include milk and shampoo.
True
False
Fashion goods are items that are used at a consistent rate and replaced as they are used.
True
False
Fashion goods are items that are used at a consistent rate and replaced as they are used.
True
False
In order to buy direct, retailers must place small frequent orders.
True
False
Some agents cannot negotiate price with the retailer.
True
False
Some agents cannot negotiate price with the retailer.
True
False
Bottom-up planning starts at the store level.
True
False
To calculate your planned purchases, subtract your planned sales from the quantity in inventory.
True
False
Most merchandise budgets are written for a one-year period.
True
False
The terms of sale include the payment and shipping arrangements for the products.
True
False
Internal sources of information that will help a retailer choose merchandise include
vendors
customers
want slips
all of the above
The merchandise mix is
the variety of merchandise a store offers.
the profit earned from sales.
seasonal items sold at other times of the year.
the customer services available at a store.
A specialty store will have
shallow depth.
wide breadth.
narrow breadth.
a merchandise mix similar to a department store.
The process of moving the products to the consumer is
retail.
using an agent.
delivery.
distribution.
The middleman that buys from the producer and sells to retailers is
a distributor.
a wholesaler.
an agent.
a consumer.
The only member of a distribution channel that never owns the product is the
producer.
wholesaler.
agent.
retailer.
Merchandise classifications are also known as
stockkeeping units.
retail groups.
product types.
distribution families.
The model stock plan identifies
the basic stock list.
the quantity of each product that should be available on the first of the month.
the location of every item on the store shelves.
all of the above.
The first step in creating a merchandise budget is
create a model stock plan.
estimate sales.
estimate profit.
estimate expenses.
A trade discount is
also known as a functional discount.
expressed as a chain.
given to the buyer for performing a service.
all of the above.
