BUSINESS ADMINISTRATION
RETAIL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Determine derivative products
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Facilitate when stock counting / stock taking
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Find out the product you are interested in
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Facilitate suppliers in producing
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Detailed explanation-1: -Merchandise Hierarchy enables retailers to boost sales, increase margins and reduce inventory costs by improving performance and efficiency of their allocation, store-replenishment planning, and buying functions.
Detailed explanation-2: -A merchandise hierarchy is exactly what it sounds like – it organizes retail products into a pyramid-like structure. That could start with the company name at the top, then large departments, then silhouettes and finally individual products.
Detailed explanation-3: -Merchandising makes several important contributions to your store. It increases sales by making a store appealing to your customers. It improves profitability by generating more margin dollars. It controls costs by improving the productivity of the salesfloor as well as each employee.