how merchandising operations involves buying and selling goods for profit. It's fascinating to see how companies strategically
Question:
how merchandising operations involves buying and selling goods for profit. It's fascinating to see how companies strategically manage their inventory, pricing, and promotions to attract customers and maximize sales. It's kind of like a behind-the-scenes look at how products make their way from suppliers to consumers. The most challenging thing to me was probably finding the right balance between creativity and profitability. Merchandisers have to blend creativity with profit, balancing brand image, trends, customer tastes and sales. They face constraints like budget and space, requiring flexibility, innovation, and analysis. The two learning objectives would be operating expenses and the periodic inventory system.
two different types of inventory taking. The differences between The two are quite astounding and perpetual really makes me wonder about how many different types of companies use that technology. Throughout this chapter I think that the most difficult part for me or the most challenging was definitely working through and Identifying all the right things to do in the assignments. I think if I had to select two of the learning objectives to explain in my own words I would pick accounting for the purchase of merchandise using a perpetual inventory system and accounting for the sale of merchandise using a perpetual inventory system. In order to account for the purchase of Merchandise using a perpetual inventory system everything that you buy has to be entered into a computer system and it is kept track of through that computer system. In order to account for the sales using a perpetual inventory system is very similar you put everything that you sell into a computer in the program keeps track of it in order to track your sales. This chapter's content connects to the accounting cycle we studied in previous chapters by using many of the same principles and the same format on all of the different sheets that we had to fill out. I think that there are a lot of similarities in all of the accounting systems but there are a lot of differences too as subtle as they may be. Something else that I found interesting about this chapter is that you can also track how much merchandise is being sold and how much it costs not just how much you're selling or buying. I think that's really cool because you don't need to do everything by hand anymore and you can do stuff with computers a lot of times. Certain things are much easier with computers.
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International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr