Exam (elaborations)
CPCA Exam Vocabulary - CPCA EXAM QUESTIONS & ANSWERS 2024/2025 LATEST UPDATE 100% VERIFIED
- Course
- Institution
CPCA Exam Vocabulary - CPCA EXAM QUESTIONS & ANSWERS 2024/2025 LATEST UPDATE 100% VERIFIED
[Show more]
Content preview
CPCA Exam Vocabularyactivity based costing (abc) - ANS-an accounting method that enables a business to understand
more clearly how and where it makes a profit. it identifies all major costs associated to relevant
activities and then down to product level
all commodity volume (acv) - ANS-the total sales volume reported for a store or group of stores
assortment/range - ANS-a selection of products that are chosen based on the number of
attributes (including consumer need, retailer strategy) that maximizes efficiency and commercial
return within a category or store
base depth - ANS-the physical distance (usually expressed in inches) between the back and
front of the base shelf
base sales/baseline sales - ANS-those sales of a product that would have occurred had there
been no promotional or marketing activity
base shelf - ANS-the lowest shelf of a fixture
blocking - ANS-the grouping of products together within a fixture to produce a clearer display
and reduce consumer confusion. products can be blocked either horizontally or vertically in a
fixture.
brand blocking - ANS-a group of products blocked by brand
brand cannibalization - ANS-switching of sales within a brand (ex. switching from 64 oz
Gatorade to 32 oz Gatorade)
brand loyalty - ANS-defined as a measure of the expenditure on one brand as a proportion of
expenditure by a household on all brands within a category or subcategory
brand switching brand cannibalization - ANS-switching of sales from one brand to another
usually as a result of a promotion (ex. customers purchasing coke + switching to Pepsi)
case - ANS-the packaging unit in which the product is delivered from the manufacturer to the
retailer. this may contain an inner tray as well
case size - ANS-the number of products in a case
category - ANS-products or services grouped together to reflect consumer usage or purchase
occasion
, category decision tree/purchase decision hierarchy - ANS-the order of priority in which shoppers
make their purchasing decisions. this hierarchy is usually described as a family tree + details the
various attributes (price, flavor, size, brand, etc.)
category management - ANS-the systematic development of a market segment within a retail
environment with the intended outcome to grow share of all commodity volume. it groups like
products together.
cluster - ANS-a group (consumers, stores, locations) that identifies 'like' characteristics or similar
attributes. ranges can be targeted at cluster groups to better meet consumer needs. stores can
be clustered and managed depending on the catchment area
color blocking - ANS-merchandising a group of products by the product color or packaging color
consumer - ANS-the end user of a product. the consumer is not necessarily the same as the
shopper, who is the person that buys the product/service. (Customer is often used by retailers
when referring to the consumer.)
consumer demand/consumer sales - ANS-the average daily sales of a product
core range - ANS-products that form the "must stock" range within a store or category. the
products offer what is regarded as the "minimum" choice and usually includes key brands
cross merchandising - ANS-the display of a product in a different category to its usual location,
due to an associated relationship (ex. can openers in the canned food section). Cross
merchandising assumes there is an element of lateral thinking and shopper logic to the
purchase.
cubic foot/cube - ANS-the literal shelf space that a three dimensional cube would occupy
days on hand/days stock - ANS-the average inventory (in units) divided by the average daily
movement of the unit
depth (of product or tray) - ANS-the physical space (usually expressed in inches) measured
from the front to the back of a product or tray
depth (of range) - ANS-refers to the number of variants or sizes of a product within a range. a
deep range may include a large number of product sizes within the same product. finite in-store
shelf space usually necessitates a trade off between 'depth of range' vs 'width of range'
direct product cost (dpc) - ANS-a method of assigning all costs of a particular product
(manufacturing, distribution, stockholding, handling, store displays, etc.) directly to that product
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AnswersCOM. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now