Retail Fundamentals Part 1

Fill in the blank with the information from the slides.

Match the following economic contributions with their effects on the economy.

(a)   in retail involves creating net positive environmental, social, and community benefits.

The retail ________________________ cycle includes product selection, allocation, and distribution.

(a)   is all about getting the right products and services in the right place at the right time for customers to purchase.

________________________ are types of merchandise and services that are organized together into groups.

A dedicated person or team who is familiar with all of a category’s products, ____________, vendors and industry ________ generally manages that category.

________________________ is the term for distributing merchandise from the manufacturer to a retailer’s locations, which may include stores, distribution centers or other locations.

The ____________________ the retailer, the more complex the allocation process becomes.

________________ are reductions in the original selling price to encourage rapid sales.