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Bridging the gap between current merchandising math textbooks and retail buying textbooks, The Fundamentals of Retail Buying with Merchandising Math incorporates both buying philosophies and merchandising math. The text's problem-based method of learning incorporates questions and problems that train the reader to think like a buyer and encourage group collaboration and critical thinking. Simulated exercises mimic real-life buying responsibilities. Additionally, the order of the chapters and content within each chapter mimic the training of an assistant buyer in a corporate buying office. Providing a full, broad view of the retail buyer’s role, the text also includes the key merchandising math formulae that is the basis of all retail buying analysis.
Synopsis
Bridging the gap between current merchandising math textbooks and retail buying textbooks, The Fundamentals of Retail Buying with Merchandising Math incorporates both buying philosophies and merchandising math. The text's problem-based method of learning incorporates questions and problems that train the reader to think like a buyer and encourage group collaboration and critical thinking. Simulated exercises mimic real-life buying responsibilities. Additionally, the order of the chapters and content within each chapter mimic the training of an assistant buyer in a corporate buying office. Providing a full, broad view of the retail buyer’s role, the text also includes the key merchandising math formulae that is the basis of all retail buying analysis.
Table of Contents
UNIT 1: FORMULAS AND BASIC PRINCIPLES
Introduction: Getting Started
Chapter One: Sales and Percent Change
Chapter Two: Percent to Total
Chapter Three: Sell Thru
Chapter Four: Stock-to-Sales Analysis
Chapter Five: Markup & Markdowns
UNIT 2: MANAGING THE BUSINESS
Chapter Six: Purchase Orders
Chapter Seven: The Six Month Merchandise Plan
Chapter Eight: Profit & Loss Statement
Chapter Nine: Cooperative Advertising
UNIT 3: PRIORITIZING AND NEGOTIATING
Chapter Ten: Buying Simulations
Chapter Eleven: End-of-Season Negotiations
Chapter Twelve: Monday Morning Reports (Sales)
Chapter Thirteen: Monday Morning Reports (Markdowns)