lunes, 14 de enero de 2013
OUR WEEKLY RETAIL VOCABULARY LESSON
our weekly retail vocabulary lesson
AN AUTOMATIC REORDER SYSTEM: Mostly generated by a program into the computer of the store, on the base of a perpetual inventory system and reorder point calculations. The system reorders automatically, when stock in store reaches a pre-order point. (part of this very important NEVER OUT OF STOCK SYSTEM)
DEPTH OF ASSORTMENT: Mainly refers to the variety in any of the goods or services group, with which a retailer is involved.
EVERYDAY LOW PRICING: A form of retailing, whereby the retailer consistently offers low prices throughout the selling season.
MARKET PENETRATION: A strategy, where the retailer tries to achieve large revenues by setting low prices and selling high volume items.