What is a reason a student achieves more during a lesson? -️️Lessons that have students
spending most of their time being actively taught or supervised by their teachers, rather than having
them work independently, tend to achieve more.
How often do inexperienced inexperienced instructors te...
PGA PGM Level 2 Merchandising-Questions with Correct Answers/
Verified/ latest 2024/2025
Having a high inventory turn rate is often associated with? - ✔️✔️purchasing enough inventory?
Why is the core merchandise the first and most important added to the map? - ✔️✔️Meets sales
objectives, customers desires, and enhances facility image
The Map helps the facility correctly target merchandise... - ✔️✔️at price points the customers can
afford while still generating enough revenue to meet sales goals
What is the system that should be kept using a point-of-sale system that tracks the real-time receipt
and sale of merchandise; this type of system tracks changes to inventory in both dollars and units? -
✔️✔️Perpetual book system
Why do you do physical inventory counts? - ✔️✔️To identify problems and respond to them in a
timely fashion
What is the difference called between the amount of inventory that is actually on hand at a facility is
always less than the inventory that retailers expect to have 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. - ✔️✔️Shrinkage
What are the 4 competitive factors which help pick the pricing? - ✔️✔️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. - ✔️✔️False
When you have a limited amount of floor space, which display is best to use? - ✔️✔️Rectangular
rack
True or False: analogous colors are complementary - ✔️✔️False
Which is the benefit of a high turn rate? - ✔️✔️Increased sales
, What is the formula for turnover rate? - ✔️✔️Annual COGS $ / Average Inventory $ = Turnover
Rate
Turnover rate math problem - ✔️✔️2.5
Why is it smart to save money in reserve in an OTB plan? - ✔️✔️If a product sells better than
expected, you can reorder more.
A complete date is? - ✔️✔️Date the company has to ship the order by.
If a shirt was marked up originally using the keystoning method but is not selling, how much would
you have to mark the shirt down in order to sell it at cost? - ✔️✔️100%
To ensure you close out a sale? - ✔️✔️restate the benefits
In order to have a MAP you must first have an? - ✔️✔️OTB Plan
Destination areas are meant to do what? - ✔️✔️Cause customers to walk through other
departments
Why have promotional events? - ✔️✔️Create excitement
GMROI indicates what? - ✔️✔️How much money the operation makes for every dollar invested
into inventory
Average inventory formula - ✔️✔️COGS/Turn Rate
Keystoning is:
a. the practice of marking up prices by 100 percent
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