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WorksheetsQUIZ NO. 1 FINAL TERM (CHAPTER 4 MERCHANDISE MANAGEMENT)
Total questions: 20
Worksheet time: 10mins
It refers to a unique version of a product, such as a specific color or size.
Bundles
Deadstock
Decoupling inventory
Variant
It refers to a groups of products that are sold as a single product: selling a camera, lens, and bag as one SKU.
Bundles
Deadstock
Decoupling inventory
Variant
It refers to inventory that’s set aside as a safety net to mitigate the risk of a complete halt in production if one or more components are unavailable.
Bundles
Deadstock
Decoupling inventory
Variant
It refers to an items that have never been sold to or used by a customer
Bundles
Deadstock
Decoupling inventory
Variant
Direct costs associated with production along with the costs of storing those goods.
Landed costs
Holding costs
Cost of goods sold (COGS)
None of the above
It is the costs your business incurs to store and hold stock in a warehouse until it’s sold to the customer.
Landed costs
Holding costs
Cost of goods sold (COGS)
None of the above
These are the costs of shipping, storing, import fees, duties, taxes and other expenses associated with transporting and buying inventory.
Cost of goods sold (COGS)
Holding costs
Landed costs
None of the above
The complete life cycle of an order from the point of sale to pick-and-pack to shipping to customer delivery.
Sales order
Purchase order (PO)
Order management
Order fulfillment
It is the transactional document sent to customers after a purchase is made but before an order is fulfilled.
Order fulfillment
Order management
Purchase order (PO)
Sales order
It is a commercial document (B2B) between a supplier and a buyer that outlines types, quantities, and agreed prices for products or services.
Order fulfillment
Order management
Purchase order (PO)
Sales order
It is a backend or “back office” mechanisms that govern receiving orders, processing payments, as well as fulfillment, tracking and communicating with customers.
Order fulfillment
Order management
Purchase order (PO)
Sales order
(a) ensures optimum investment and ensure adequate ROI keeping in objectives of organization.
(a) enable companies to make informed business decisions and predict short-term and long-term performance.
(a) refers to the length of time a product is introduced to consumers into the market until it's removed from the shelves.
(a) is characterized by growing demand, an increase in production, and expansion in its availability.
(a) generally includes a substantial investment in advertising and a marketing campaign focused on making consumers aware of the product and its benefits.
(a) is the most profitable stage, while the costs of producing and marketing decline.
(a) means the right stock, at the right levels, in the right place, at the right time, and at the right cost as well as price.
(a) is the process of strategizing ways to continuously support and maintain a product.
(a) is the process of estimating future sales.
