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Assortment Planning In Retail: How To Optimize Your Stocks For Your Store’s Profitability?Share This Story, Choose Your Platform!Passionate about SEO and Content Marketing. Martial also writes about retail trends and tips for KORONA POS. He loves NBA games and is a big fan of the Golden State Warriors. Assortment, or depth, of a merchandise category is the number of different merchandising subcategories offered. Free True False Answer: Answer: False The highest classification level in a buying organization is the Free Multiple Choice Answer: Answer: D A ________ is a group of items targeting the same customer type, such as girls' sizes 4 to 6. Free Multiple Choice Answer: Answer: D Shorter lead times result in a higher level of backup stock required to maintain the same level of product availability. True False In marketing research, an in-depth interview is an unstructured personal interview in which the interviewer uses extensive probing to get individual respondents to talk in detail about a subject. True False Seasonal merchandise consists of items whose sales fluctuate dramatically depending on the time of the year. True False Which of the following schemes is the correct order describing the levels of the merchandise classification scheme from the highest level to the lowest level? Multiple Choice
Buyers, divisional merchandise managers, and general merchandise managers are some of those who undertake the responsibilities of merchandise management. True False Which of the following products is an example of a classification? Multiple Choice Buyers need not compromise on breadth or depth of merchandise to increase product availability. True False An ABC analysis identifies the performance of individual SKUs in the assortment plan. True False The quantity of merchandise has a bigger impact on profitability than allocation decisions. True False Which of the following statements is True of a merchandise category? Multiple Choice Which of the following statements is not True of the merchandise classification scheme? Multiple Choice A retailer's merchandise group is managed by a Multiple Choice Which of the following is the process by which a retailer attempts to offer the appropriate quantity of the right merchandise, in the right place, and at the right time, while meeting the company's financial goals? Multiple Choice Fashion merchandise consists of items that are in continuous demand over an extended time period. True False Which of the following statements is not True of a department in the merchandise classification scheme? Multiple Choice The second highest level in the merchandise classification structure is the Multiple Choice The highest classification level in the buying organization is the merchandise category. True False What is meant by merchandise breadth and depth?Product breadth is how many different products a store is offering for sale. The more products are offered the broader is the product assortment of this business. Product depth is how many different variations of each product the store is carrying.
Why is product breadth important?The main advantage of a higher breadth/lower depth strategy is that it allows retailers to offer a wide variety of products to their customers, which can lead to increased sales.
What is referred to as the breadth of merchandise?Assortment is the number of different items in a merchandise category. Each different item of merchandise is called and SKU ( stock keeping unit). Variety is often referred to as the breadth of merchandise and assortment is referred to as the depth of merchandise.
What is merchandise depth?2. Product depth refers to the number of variations within a particular product line. This time, it's all about how deep an assortment is in a given category. Most specialty retailers have deep product assortments.
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Buyers need not compromise on breadth or depth of merchandise to increase product availability.
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