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31 Cards in this Set

  • Front
  • Back
currency
policy if automatically marking down merchandise according to season
Demonstrator
salesperson who devotes all his/her time to a particular manufacturers product
Basic stocks
item, numbers, or models that must be included in a line or classification primarily an assortment of the bread-and-butter items that enjoy day-to-day customer demand
Loss report
completed by the manager when an item is known to be missing and not sold. Report stops shortages by removing merchandise for the book inventory
Hold merchandise
merchandise held for a customer
Accessories
women’s fashion apparel worn with dresses, coats, suits, sportswear, ie; necklaces, rings, glove, purses, watches, etc
Rescind
to cancel , repeal
Strategize
to carefully plan a method for achieving an end
Surmise
to infer on minimal- grounds, conjecture, suppose
Succinct
concise, clearly expressed – with few words
Performance
the act or process of fulfilling a function
Flash report
total of daily gross sales y departments prepared t the close of each business day
Direct mail
use of mail to make announcements, sell merchandise, sell services, promote the store, its division, department and way of doing business, selective audience
co-op advertising
advertising in which the manufacturer, importer or distributor shares the cot with the store
Unsalable merchandise
merchandise, which is damaged and unsalable at any price in its present condition
Packing slip
document which is enclosed with the merchandise when it is packed by the manufacture listing quantity and description of all items included
Vicarious
activity for another, sharing in an experience of another through the imagination
Relegate
to remove or dismiss to some less prominent position, to assign to a particular class of sphere, to submit to someone or something for appropriate action
Systematic
having a regular method or order
Proactive
a person or a company that carefully analyzes and actively pursues opportunities without being asked to do so
Predictability
the ability to declare in advance
Compendium
- a brief summary of ager work of a field knowledge; collection
Conjecture
guess, surmise
Nominal
insignificant, trifling
Nuance
a subtle distinction, a slight difference in definition
Conduit
a means of transmitting or distributing
SPH
sales per hour standard a predetermined figure which each associate is required to meet
Vendor
representative of any company from which merchandise is purchased, - a seller, resource, manufacturer or a supplier
Turnover
total number of times within a given period that stock of goods is sold and replaced
Unit control
system of recording vital statistics of stock on hand , on order and sold for a given period
Transfers
In store: form used to move merchandise from your store to another at a customers request
Transfer: when merchandise is actually transferred to another department
Merchandise transfer request: store initiated transfers and buyer- initiated transfers