Merchandising- Packet Flashcards

1
Q

Purchasing, pricing, display and sale of merchandise.

A

Merchandising

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2
Q
  • Caskets and burial containers
  • OBCs
  • Cremation and alternative containers
  • Urns and cremation oriented products
  • Monuments, memorials, cemetery merchandise
  • Burial clothing
  • Personalization options
  • Sundry items
A

Merchandising Includes, but is not Limited to:

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3
Q

Provides value for the consumer and fair profit for the funeral home.

A

Merchandising

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4
Q

The dual role they had to play:

  1. Businessperson selling funeral related merchandise
  2. Professional providing service realted to the disposition of human remains
A

Classic Historical Dilemma that has Faced those in Funeral Service for Centuries:

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5
Q
  • Recognize the funeral as an experience of value
  • Consider service as a separate product to be merchandised
  • Personalization options
  • Market forces
A

Merchandising Service

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6
Q
  • Acknowledge that a life has been lived
  • Allow mourners to remember and honor their loved one in a special way
  • Serves as a central gather place for family and friends to give emotional and physical support to one another.
  • Provides closure for the bereaved
  • Initiates the grieving process
  • Confirms the reality and finality of death
  • Encourages mourners to face the pair of their loss and express their thoughts and feelings
  • Helps survivors to better cope with their grief and enables them to move forward with their lives.
A

Recognize the Funeral as an Experience of Value

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7
Q
  • Traditional funeral with visitation and ceremony, burial to follow
  • Traditional funeral with visitation and ceremony, burial at a later date
  • Memorial service (body not present) and burial to follow
  • Burial first then memorial service
  • Memorial service and no burial
  • Graveside service
  • Direct cremation
  • Immediate burial
  • Packages
A

Consider the Funeral Service as a Separate Product to be Merchandised

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8
Q

Never forget that this is an attitude, not just products. Products and merchandise enhances the experience.

A

Personalizaiton

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9
Q
  • Casket
  • Environment in the funeral home
  • Music
  • Hobbies of the deceased, etc.
A

Personalization Options

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10
Q
  • Other providers of merchandise (casket stores)
  • Other provides of service (direct disposition licenses, memorial societies, cremation societies).
  • National trends- Cremation, baby boomer mobility, pre-need
A

Market Forces

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11
Q
  • Adult formula service
  • Adult non-formula service
  • Non-adult formual service
  • Exceptional funeral service
A

Areas of Funeral Service Income

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12
Q

Any funeral in which your normal regular pricing quotation is applied. It would involve the total package of service from first call to post funeral counseling.

A

Adult Formula Service

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13
Q

Any service where your normal pricing quotation is not used, in effect only in a partial service sale.

A

Adult Non-Formula Service

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14
Q
  • Ship in- you sell casket
  • Ship out- you sell casket
  • Contract funerals (i.e. nursing home account, NMS account)
  • Indigent cases
  • Memorial society contract
  • Full service followed by cremation
A

Examples of an Adult Non-Formula Service

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15
Q

You would not use your normal pricing on those occasions. This would include stillborns up to children. It would include any service where the casket is smaller in width/length than a regular sized casket.

A

Non-Adult Formula Service

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16
Q

Exceptionally high charges and services beyond the norm.

  • i.e. High profile funerals
A

Exceptional Funeral Service

17
Q
  • Removal and embalming for other funeral homes (trade work)
  • Mounuments and markers
  • Flowers
  • Cemetery
  • Crematory
  • Livery (vehicles)
  • Ship in- no casket sale
  • Ship out- no casket sale
  • Burial garments
  • Interest in deliquent accounts
  • Vaults, liners, urns, etc.
A

Other Funeral Home Related Income

18
Q
  • The cost to you of an adult formula funeral
  • Range per calendar day
  • Cost factors
A

Expenses and Overhead Costs

19
Q

The number of dollars necessary to survive 365 days per year. These are not profit dollars but overhead dollars.

A

Range Per Calendar Day

20
Q

The percent of total sales based on adult formual funerals necessary for your survival.

A

Cost Factors

21
Q
  • Inflation
  • Payroll
  • Fringe benefits for employees
  • Wholesale cost of merchandise and supplies
  • Buildings
  • Maintenance
  • Insurance
  • Public relations and advertising
  • Rolling stock
  • State and federal taxes
  • Professional fees- lawyers and accountants
  • Bad debt
  • Employee theft
  • Embalming facilities and supplies
  • Heat, light, water, power
  • Telephone bills
A

Examples of Cost Factors

22
Q

One of the primary responsibilities of any business is to generate enough profit to ensure its existence and ability to continue serving its clientele.

A

Developing Sales Objectives

23
Q
  • Evaluate the market
  • Scruitinize sales history
  • Considerations regarding merchandise it plans it offer
  • Integration
A

How Developing Sales Objectives is Accomplished:

24
Q
  • Demographics
  • Vital statistics
  • Economic base
  • Burial habits
A

Evaluate the Market

25
Q
  • What has not sold? Why?
  • Evaluation every 6 months
A

Scrutinize Sales History

26
Q

Of its proposed product line with its existing service offerings (cremation service options, but not enough product to meet the consumer’s needs).

A

Innovation