PGA PGM Level 2 Merchandising – Study Questions and Answers (100% Pass)
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Course
Pga
Institution
Pga
PGA PGM Level 2 Merchandising – Study
Questions and Answers (100% Pass)
Having a high inventory turn rate is often associated with? - Answer️️ -
purchasing enough inventory?
Why is the core merchandise the first and most important added to the map? -
Answer️️ -Meets sales objectives,...
available? It can happen because the various reasons: such as internal or external
theft, human error, damage, loss, inadequate receiving or sales procedures, and
insufficient accounting and tracking practices. - Answer✔️✔️-Shrinkage
What are the 4 competitive factors which help pick the pricing? - Answer✔️✔️-
Supply and demand, exclusivity, follow the leader, and opportunistic pricing.
True or False: a POS is a great tool to use when tracking merchandise on order. -
Answer✔️✔️-False
When you have a limited amount of floor space, which display is best to use? -
Answer✔️✔️-Rectangular rack
True or False: analogous colors are complementary - Answer✔️✔️-False
Which is the benefit of a high turn rate? - Answer✔️✔️-Increased sales
What is the formula for turnover rate? - Answer✔️✔️-Annual COGS $ / Average
Inventory $ = Turnover Rate
Turnover rate math problem - Answer✔️✔️-2.5
Why is it smart to save money in reserve in an OTB plan? - Answer✔️✔️-If a
product sells better than expected, you can reorder more.
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