Managing Traditional Goods and Services Flashcards
T/F?
Almost ALL retail stores are designed to sell merchandise.
True
Which part of the pharmacy is CRITICAL to TOTAL FINANCIAL SUCCESS?
Front-end (from the rx department to the front door of the store)
When looking the “FRONT END” of a pharmacy what should be considered? (2)
- Design, layout, and merchandise
- Convenience, price and service (wants and needs)
Multiple Facing
When you have two or more types of products located side by side.
i.e. all sugar free products placed or laid out side by side
Merchandising Time Line: Early 1900s (2)
- Low RX volume
- Cosmetics, magazines, tobacco, stationary, candy
Merchandising Time Line:
1920s (4)
- Prohibition occurred and ALCOHOL was no longer able to be sold
- Soda fountains- (cocktails)
- Rx volumes increased with EtOH prescriptions
- Mass production of manufactured pharmaceuticals
Merchandising Time Line: Post WWII (2)
- Increased RX volume with a focus on delivering the drug product
- RX’s were just another commodity to sell
Merchandising Time Line: Late 1960s (1970s and 1980s)
Focused on professional deliver of the drug product service
What are the 3 primary reasons that a consumer will make a purchase?
- Emergencies (run out of something)
- Buying interests spurred on by a “good price or a new product”
- Impulse purchases (buying on a whim)
T/F?
Most purchases are PLANNED.
False
UNPlanned
When customers want pharmacies that are CONVENIENT, WELL ORGANIZED, and WELL-STOCKED it is considered the _______ of the pharmacy.
Design (macro)
the pharmacy as a whole
Design must adhere to what applicable legal requirements? (2)
- HIPAA (1996)
- American with Disabilities Act
When considering the DESIGN of a pharmacy, what other considerations should be considered? (3)
- Exterior design
- Traffic patterns (exterior design)
- Entrances and exits (exterior design)
________ sends cues, messages and suggestions that communicates to shoppers.
Layout (micro design INSIDE the pharmacy)
What is the goal of the layout of a pharmacy?
To maximize time spent BROWSING and MINIMIZE the risk of THEFT