Mathematics for Retail Buying
Bundle Book + Studio Access Card
Mathematics for Retail Buying
Bundle Book + Studio Access Card
Please note that this product is not available for purchase from Bloomsbury websites.
Description
This best-selling textbook meets the needs of students who will be directly or indirectly involved in the activities of merchandising and buying at the retail level. Mathematics for Retail Buying explains the essential concepts, practices, procedures, calculations, and interpretations of figures that relate to producing profitable retail buying and selling operations. Now in its seventh edition, the text has been reorganized and expanded to provide real world examples that reflect current industry practices and trends.
Introducing Mathematics for Retail Buying STUDIO--an online tool for more effective study!
~ Study smarter with self-quizzes featuring scored results and personalized study tips
~ Review concepts with flashcards of terms and definitions and key formulas
~ Practice your skills by computing over 250 Practice Problems from the text, now available digitally with formulas embedded in the Excel spreadsheets
~ Enhance your knowledge with additional real world case studies and activities for each Unit
~ Redeeming the code inside this card will give you full access to the content previously contained on the CD-ROM packaged with this book.
This bundle includes Mathematics for Retail Buying, 7th Edition and Mathematics for Retail Buying STUDIO Access Card.
Table of Contents
I. Defining the Basic Sales Elements
II. Invoice Mathematics: Terms of Sales
III. Evaluating a Buyer
UNIT II: Retail Pricing and Repricing of Merchandise
I. Retail Pricing
II. Basic Markup Equations Used in Buying Decisions
III. Repricing of MerchandisePractice Problems for Review
UNIT III: Basic Markup Equations Used in Merchandising Decisions
I. Types of Markup
II. Averaging or Balancing Markup
III. Limitations of the Markup Percentage as a Guide to Profits
UNIT IV: The Retail Method of Inventory
I. Explanation of the Retail Method of Inventory
II. General Procedures for Implementing the Retail Method of Inventory
III. Shortages and Overages
IV. An Evaluation of the Retail Method of Inventory
UNIT V: Dollar Planning and Control
I. Six-Month Seasonal Dollar Merchandise Plan
II. Open-to-Buy Control
UNIT VI: Merchandising for a Profit
I. Profit Components
II. Profit and Loss Statements
III. How to Increase Profits
Product details
| Published | 21 Apr 2016 |
|---|---|
| Format | Pack - Printer Assembled |
| Edition | 8th |
| ISBN | 9781501315725 |
| Imprint | Fairchild Books |
| Dimensions | Not specified |
| Publisher | Bloomsbury Publishing |
Related Titles
