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PGA PGM Level 2 Merchandising – Study Questions and Answers (100% Pass) $11.49   Add to cart

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PGA PGM Level 2 Merchandising – Study Questions and Answers (100% Pass)

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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,...

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  • August 28, 2024
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SophiaBennett
©SOPHIABENNETT@2024-2025 Sunday, August 18, 2024 6:00 PM


PGA PGM Level 2 Merchandising – Study
Questions and Answers (100% Pass)

Having a high inventory turn rate is often associated with? - Answer✔️✔️-

purchasing enough inventory?

Why is the core merchandise the first and most important added to the map? -

Answer✔️✔️-Meets sales objectives, customers desires, and enhances facility image


The Map helps the facility correctly target merchandise... - Answer✔️✔️-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? - Answer✔️✔️-Perpetual book system


Why do you do physical inventory counts? - Answer✔️✔️-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
Page 1 of 8

, ©SOPHIABENNETT@2024-2025 Sunday, August 18, 2024 6:00 PM

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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