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Merchandising - The Store as Persuasion I

AB
Merchandisingthe promotion of products through displays, advertising and other strategies to increase sales
Vendora person or store that sells merchandise to customers
Fixed Priceprice that is set and does not vary
Impulse Buyingoccurs when a customers purchase something on impulse that they did not originally intend on buying
Point-of-Purchase Displays (POP)used to slow store traffic and increase sales by displays products for customers to look at and handle
Open Wallet Syndromemeans that customers are more willing to purchase a larger number of a products or a more expensive product since their wallet is already “open”
Cross Marketingoccurs when buying one product suggests buying another
Visual Merchandisingthe placement of products on a display to show how the product can be used
Shelf Arrangementthe order that products appear on the shelf in a store
Strike Zonethe placement of products on a shelf between a customer’s shoulders and knees; holds about half of the products in a typical store; produces 85-90 percent of total sales
Waterfall Displaysstore displays that hold multiple levels of clothing
Framingoccurs when customers make their purchase decisions based on other products nearby



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