Chapter 4 Selling and Service/Performing Your Best Flashcards
The ______ is the detailed list of vendor items requested by the store.
PURCHASE ORDER
____ are sent to the vendor or store distribution center to request shipment of merchandise.
PURCHASE ORDER
______ is a list of the quantity and type or merchandise that the vendor sends to a store.
PACKING SLIP
A physical count of every piece of merchandise in a store, creating a record of the store’s inventory at a specific point in time is a _________
PHYSICIAL INVENTORY
The art and science of presenting the products you sell in the most attractive way possible in order to generate traffic, create a buzz, and generate sales.
MERCHANDISING
Preventing the loss of inventory or merchandise due to shoplifting, employee theft, or employee error is ______
LOSS PREVENTION
Staging products in a way customers will use the product and creating a display around that mental picture is ______
LIFESTYLE MERCHANDISING
When assets of a business are loss due to theft or loss due to error is
LOSS
____ commonly referred to as shrink or shrinkage because a retailer’s inventory literally shrinks in size when it is reduced by theft or can’t be accounted for due to employee error.
SHORTAGE
Loss caused by shoplifting, employee theft, and employee error.
SHRINK/SHRINKAGE
_____ is the difference between the amount of merchandise on a company’s financial records and the actual count of merchandise.
SHRINK/SHRINKAGE
_______ is inventory that arrives to the store with the price tags already attached and can be placed on the floor after check in.
PRE-PRICED INVENTORY
____ is a means of stealing by trickery, such as stolen credit/debit cards, counterfeit money, currency switching, package switching, refund fraud, refund abuse, stolen checks or bad checks.
FRAUD
____ is a visual map that shows shelf heights, merchandise and signage placement that maximizes the display space.
PLANOGRAM
Carrying, hiding, concealing, or otherwise manipulating merchandise with the intent of taking it or paying less for it is ______
SHOPLIFTING