------------------------------------------------- Merchandising Strategies Midterm Study Guide Please be familiar with the following terms: * The Buying AND Planning Line organizational structure for a corporate retailer per lecture * Specific responsibilities of buyer vs. planner; levels of financial accountability per lecture * The Fashion Distribution Channel per lecture * The definition of Merchandising‚ in the context of this course per Levy and Weitz * Vertical Integration-3
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James Sass BPA-125 Marketing Principles Stephan Berry What is a buying center? Describe the roles assumed by people in a buying center and what useful questions should be raised to guide any analysis of the structure and behavior of a buying center. A buying center is a group of people in a organization howe participate in the buying process. They share the same risks‚ goals‚ and knowledge about the product in which there going to buy. Members of the group usually include the president of the
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Car Buying Car Buying Yevonna Hartfield English 112 Car Buying Car buying should be an important and fun time. You get to try out all the new cars‚ see what you like and what you don’t like. It is very time consuming so you have to make sure you are ready for that. Doesn’t matter if is your 1st‚ 2nd‚ or 3rd car‚ it is still fun and you want to make sure you make the right decision. You want to make sure the salesman isn’t a grimy one and knows what he is talking about because you are
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the month. Add on sale: Additional items customers buy due to in store suggestions or promotions. Ad slicks: Camera-ready ad‚ usually on glossy paper. Many vendors supply these for newspaper ads. Advertising: Paid message communicated through various forms of media and designed to influence the purchase behavior and thought patterns of the audience. Allocation: Suppliers determination of how much of (usually) scarce merchandise to assign to their customers. Allowance: Any price reduction given by
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John Woo Professor English 1A 29 September 2013 Buying a House Buying and owning a home is a part of the American dream. For many people‚ it’s the biggest financial transaction they’ll ever make. That’s why doing it right the first time is so important. Sometimes‚ buying a house can feel like a dizzying set of rules and regulations. Luckily‚ armed with the right knowledge and know-how‚ you can start realizing
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“Understanding Buyer Behaviour” Task 1 Buyer behaviour is a very important factor to understand when it comes to marketing. A vital point of the marketing process is to understand why a consumer/buyer makes a certain purchase. By understanding buyer behaviour it will make it significantly easier for the business to meet the needs and wants of consumers. In addition to understanding the needs of your customers businesses would also need to understand what motivates them to purchase‚ and how
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Installment Buying Installment Buying is purchasing a commodity over a period of time. In the process‚ an agreement is made between the seller and the buyer to divide the cost of goods into a number of periodic payments called installments over a period of time. These installments‚ which may be paid weekly‚ monthly‚ or yearly‚ are based on the unpaid balance. The unpaid balance is the amount obtained by subtracting the initial payment‚ or down payment‚ from the cost of goods. The down payment
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Buying a Car: What to Know before You start the process Know the Invoice Price. Invoice price is what the dealer pays the manufacturer for the car; the manufacturer’s suggested retail price (MSRP‚ or “sticker price”). Knowing the invoice price of your car will tell the dealer that you mean business and expect a good deal. Don’t walk into the dealership without this information. Check the Manufacturer’s Website for Rebates. Many buyers will qualify for multiple rebates‚ some of which may not even
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to the customers to meet those needs. The market now determines what the manufacturer produces or the retailer sells and information collected from customers provides the basis for the focus for all organisational activities. Do not make assumptions about customers and their needs‚ ensure that you identify just who your customers are and what their needs are. Communicate with them often and regularly. Go directly to your customers for the information you need for information on customers priorities
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Surendar Munjal‚ "Brand Loyalty Correlates: Study of FMCG"‚ Abhigyan‚ Vol. XXI‚ No. 2‚ pp 25-31‚ 2003. D.P.S. Verma and Savita Hanspal‚ "Influence of Lifestyles on Consumers ’ Buying Behavior"‚ Paradigm‚ Vol. 4‚ No. 2‚ pp 52-65‚ 2000. Debashis Bhattacharya and Sanjay Gopal Sarkar‚ "Perceived Risk and Information Seeking Behaviour"‚ Indian Journal of Marketing‚ Vol. XXXII‚ No. 5-6‚ pp 3-7‚ 2002. Dr Dharam Sukh Dahiya‚ "Psychographic Aspects of Advertising--An Attitudinal Study of Consumers"‚ Indian Journal
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