| Word |
Defintion |
| Loss Leather |
try to upsale on a few items. Thats not on stock but have love prices. |
| Key Stone Pricing |
Whatever the store has to pay to buy the product, sell it higher to get money back. You doble the price it sells. |
| Covent Emptor |
Buyer Beware |
| Margin/markup |
diffense of cost & selling price |
| SRP |
Suggestive Retail Price |
| Markup |
ON COST. For example $1.00+ 30%= 1.30 |
| MARKUP |
on price. For example $1.30-30%=$0.39 |
| Expanison |
new items to a exasitng line. |
| Modification |
old item make it new or make it better. |
| Development |
totally new item. (no one has herd or seen it before) |
| Deletion |
delete old items to make room for new items. |
| Multiple Priceing |
low price item and buy it a certain # for a certian $-price. For example 3 for_______. |
| Seasonal Goods |
Holiday items. Like Christmus, Easter, Mothers Day, etc. |
| Staple Goods |
Food or everyday items. Like bread, milk, aspirn, etc. |
| Covieseince Goods |
Snack Food items. Like candy, chips, pretiles, etc. |
| Fashion Goods |
Clothes items. Like L.L bean, Express, Jay Crew, etc. |
| Product mix |
All items of the store. |
| Product line |
the depements. Like womens, mens, childrens, etc. |
| Product item |
One cetain product that does not belong to the product line. |
Buen Viaje lv.2 ch 8
