Business And Meechandising

Question 1

In merchandising, this type of turnover refers to a amount of units to sell in a year.

Answer 1

What is inventory turnover?

Question 2

In merchandising, this is the quantity of units to be purchased for the highest amount of volume savings

Answer 2

What is economic order quantity?

Question 3

In merchandising, these are fees imposed onto the consumer by a funeral home if a casket is purchased by a third-party seller.

Answer 3

What is a casket handling fee?

Question 4

In this type of presentation method, the Funeral Director is actively presented in presenting and selling the caskets in the selection room

Answer 4

What is the direct selection of room procedure?

Question 5

In this type of presentation method, the Funeral Director gives a brief introduction to the selection room and then leaves the family to make a decision

Answer 5

What is an indirect selection method?

Question 6

In marketing, this refers to the difference in cost of a product versus its retail price

Answer 6

What is a markup ?

Question 7

This type of pricing refers to price quoting that separates the service from the merchandise. I.e. the casket is price separately from the funeral service cost.

Answer 7

What is Bi-unit pricing?

Question 8

This type of pricing method uses a constant markup factor for each wholesale unit plus is that it is easy to use, but it does not improve the consumer value index which would incentivize consumers to purchase higher end products.

Answer 8

What is fixed multiple (straight line) pricing

Question 9

This pricing model has higher markup on the more expensive caskets.

Answer 9

What is the graduated recovery pricing?

Question 10

These items include register, books, acknowledgment cards, thank you cards and other small items usually included in the basic non-decline fee.

Answer 10

What are sundry items?