Exam 15: Implementing Merchandise Plans

The purchase of out-of-season goods,manufacturer overruns,or cancelled orders by a closeout retailer illustrates ________.

A retailer found that a small percent of goods represented a large proportion of the store's total shrinkage.Which of the following strategies would be most effective?

Logistics is a narrower concept than inventory management.

A major difficulty with preventing theft of costly items by chaining items together (as with leather coats)is that these strategies ________.

A retailer found that inventory shrinkage rates varied greatly by department,as well as by merchandise item within departments.The retailer should consider using ________.

The major difference between an inventory management system and a logistics system is that the ________.

A comprehensive store security program needs to concentrate on losses due to employee,customer,and vendor theft.

Description buying is most appropriate for ________.

A retailer can most effectively track consumer purchases through ________.

Which of the following is not a merchandise source?

In a civil restitution law,________.

Which of the following illustrates reverse logistics?

Both consignment purchases and memorandum purchases enable a retailer to ________.

A disadvantage to the use of infrequent ordering in large quantities is ________.

What are the pros and cons of direct store distribution from the perspective of the retailer?

a.What are the basic difficulties in the use of want books or want slips as sources of information about consumer demand? b.What other sources of information exist? Describe the advantages and disadvantages associated with each identified source.

Efficient consumer response (ECR)seeks to reduce inventory levels at manufacturers,wholesalers,and retailers using collaboration among these channel members.

Which one of the following activities by suppliers is not associated with a floor-ready merchandise strategy?

Collaborative planning,forecasting,and replenishment (CPFR)and efficient consumer response relies upon supply chain management.

An advantage to a retailer's placing large orders for merchandise is ________.