Chapter 3 Vocab
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Merchandise mix | made up of all the products that a business sells.
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| Product line | a group of closely related products that a business sells.
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| Product items | are the products that make up a product line.
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| buyer | purchase goods for resale to the customer.
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| merchandise plan | includes four elements-planned sales, a begginning-of-the-month iventory, planned purchases, and planned reductions such as employee discounts and markdowns.
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| markup | the diffence between the cost of the product and its selling price.
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| receiving record | describes the goods received.
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| credit memorandum | notifies the business that its account with the vendor has been credited for the return.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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