A | B |
Discretionary | eating at a restaurant would be an example of this type of spending |
popular | if you do a survey and find out that a particular activity is THIS, then you should incorporate it into your window display |
seasonal | Easter Candy, Christmas decorations etc are examples of this type of product |
bottom | the least desirable shelf space |
Merchandising | If a business has good ___________ techniques, it can help increase sales |
planned sales | the formula for this is last year's sales X % of increase/decrease |
sunscreen and wiper fuild | 2 season items |
entrance | the place to put the most appealing merchandise to get customers to come in |
Disposable | to figure your annual of this type of income, take percentage of taxes away from gross pay and then multiply by 12 |
Dormitories | Bolt Cola, Campus Living magazine, paper, pencils, and chips are good items to stock if your store is near one of these |
POP display | an example would be a candy display at the register to check out |
wasted | if you advertise to someone who will never come into your store then your money will be this |
Direct Mail | the type of advertising that a business uses a list to send out to customers |
Market | a group of similar people with the same wants/needs who may buy a product |
Needs | Items like milk, bread, detergent are considered these |
merchandising | this involves display and placement of products |
basic | this type of stock list is inventory that should always be kept in stock |
market reseach | to determine a market segment, you must do this |
More | If a product is selling very quickly at a high profit margin then give that product ________ shelf space |
Promotional expense | this spending should only be a small percentage of sales |
front | where stores place impulse purchases in the store |
target market | advertise to these people not others if you want to be successful |
demographics | if you are target marketing based on this it would be things like age, gender, income, etc |
STOP selling | if an item doesn't sell, you should do this with it |
city | a mailing done for the entire one of these would be higher than a targeted one |
related items | You should group these kind of items together, like nachos and salsa |
summer | give less shelf space in the winter to these type of items like sunscreen |
discounts | while these increase the sales of items that people need, if they don't need it then these won't affect sales |
targeted marketing | identifying, reaching, and serving a particular subgroup of the entire market |
privacy | this is a legal and ethical issue surrounding targeted marketing |
College Students | The target market for dormitories |