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Retail Pricing Strategies: Markdown Management, Inventory Valuation, and Merchandising

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Finance - Personal Finance

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andrsonztdc Created by 10 mon ago

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Cards in this deck(33)
What term describes the reduction of retail price on one item or a group of items?
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What is the term for the total markdown for all items, whether they are sold or not?
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What is it called when the price of unsold items at the end of a sale is raised back to the original retail price?
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What term refers to markdowns applied only to items that have been sold?
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Which of the following is NOT an advantage of markdowns?
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Which of the following is a disadvantage of markdowns?
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Which of the following is NOT a major group of merchandising errors?
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What is the purpose of early markdowns?
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Why is inventory valuation crucial for retailers?
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Which inventory method requires a physical count to value inventory?
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What is the retail method of inventory based on?
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Which of the following is an advantage of the retail method of inventory?
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What is a disadvantage of the retail method of inventory?
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What does the book inventory of the retail method represent?
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What does physical inventory sum up?
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What does stock shortage indicate?
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Which of the following is a cause of stock shortage?
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What does stock overage indicate?
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Which of the following is NOT a cause of stock shortages?
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What does it mean to accomplish a task efficiently?
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What is the main objective of stock planning efficiency?
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How can stock planning efficiency be achieved?
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What does inventory turnover measure?
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Which action can improve inventory turnover?
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What does GMROI stand for?
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Which action can improve GMROI?
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What does more stock typically mean for a business?
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What does less stock typically mean for a business?
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What is a key method in stock planning?
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What does the Stock-Sales Ratio (SSR) measure?
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How is SSR different from Inventory Turnover?
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What does the weeks supply method of planning base inventory investment on?
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What is the basic stock method planning based on?
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