Scrambled merchandising - Study guides, Class notes & Summaries

Exclusive Distribution Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 ...

Retailing - ANSWERset of business activities that adds value to the products and services sold to consumers for their personal or family use Retailers role in a supply chain - ANSWERsatisfy the needs of ultimate consumers Vertical Integration - ANSWERVictorias secret designs the merchandise they sell and then contracts with manufacturers to produce it exclusively for them Providing assortments enables - ANSWERcustomer to choose from a wide selection of products, brands, sizes, and price...

ECA Marketing cluster exam questions and answers already passed Exclusive Distribution Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners Business entiti...

Retail Management Exam 1 With 100% Correct Answer 2024

Possession Utility A factor of Utility (the benefits or costumer value received by users of the product) is the value of making an item easy to purchase through the provision of credit cards or financial arrangements. Possession Utility -- geting a product or service to consumer so they can own or use it -- accelerated in marketspace. e.g. Airline, car rental, and lodging electronic reservation systems. (Orbitz) Form Utility A factor of Utility (the benefits or costumer value received by...

Exclusive Distribution Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners Business entities conducting business electronically. Str...

DECA Marketing cluster exam 2023 with complete solution Exclusive Distribution Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners Business entities...

DECA Marketing cluster exam 2023 with complete solution Exclusive Distribution Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners Business entities...

Exclusive Distribution Correct Answer: Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems Correct Answer: The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners Correct Answer: Business entities conduc...

Exclusive Distribution - Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems - The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners - Business entities conducting business electronically. Streamline -...