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VBR Lesson 7 & 8

AB
Discretionaryeating at a restaurant would be an example of this type of spending
popularif you do a survey and find out that a particular activity is THIS, then you should incorporate it into your window display
seasonalEaster Candy, Christmas decorations etc are examples of this type of product
bottomthe least desirable shelf space
MerchandisingIf a business has good ___________ techniques, it can help increase sales
planned salesthe formula for this is last year's sales X % of increase/decrease
sunscreen and wiper fuild2 season items
entrancethe place to put the most appealing merchandise to get customers to come in
Disposableto figure your annual of this type of income, take percentage of taxes away from gross pay and then multiply by 12
DormitoriesBolt Cola, Campus Living magazine, paper, pencils, and chips are good items to stock if your store is near one of these
POP displayan example would be a candy display at the register to check out
wastedif you advertise to someone who will never come into your store then your money will be this
Direct Mailthe type of advertising that a business uses a list to send out to customers
Marketa group of similar people with the same wants/needs who may buy a product
NeedsItems like milk, bread, detergent are considered these
merchandisingthis involves display and placement of products
basicthis type of stock list is inventory that should always be kept in stock
market reseachto determine a market segment, you must do this
MoreIf a product is selling very quickly at a high profit margin then give that product ________ shelf space
Promotional expensethis spending should only be a small percentage of sales
frontwhere stores place impulse purchases in the store
target marketadvertise to these people not others if you want to be successful
demographicsif you are target marketing based on this it would be things like age, gender, income, etc
STOP sellingif an item doesn't sell, you should do this with it
citya mailing done for the entire one of these would be higher than a targeted one
related itemsYou should group these kind of items together, like nachos and salsa
summergive less shelf space in the winter to these type of items like sunscreen
discountswhile these increase the sales of items that people need, if they don't need it then these won't affect sales
targeted marketingidentifying, reaching, and serving a particular subgroup of the entire market
privacythis is a legal and ethical issue surrounding targeted marketing
College StudentsThe target market for dormitories


Marketing Education/DECA
Terre Haute South High School
IN

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