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Exam (elaborations)

MRTS Exam 2 With 100% Correct And Verified Answers

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  • Course
  • MRTS
  • Institution
  • MRTS

MRTS Exam 2 With 100% Correct And Verified Answers merchandise - Correct Answer-Goods that are bought Merchandising - Correct Answer-The purchase, display, and sales of goods sales objectives - Correct Answer-Based on evaluation of sales history, availability of products, recommendation of s...

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  • November 10, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MRTS
  • MRTS
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Vendarsol
MRTS Exam 2 With 100% Correct And
Verified Answers
merchandise - Correct Answer-Goods that are bought

Merchandising - Correct Answer-The purchase, display, and sales
of goods

sales objectives - Correct Answer-Based on evaluation of sales
history, availability of products, recommendation of suppliers,
amount of profit, profit oriented, consider cost of living, legitimate
profit increase each year

Product Knowledge - Correct Answer-Any merchandising plan is
only good as the directors knowledge of the product, ability to
convey knowledge to the buyer

cash discount - Correct Answer-Payment within the time limits

quantity discount - Correct Answer-Minimum quantity of
merchandise ordered

cost - Correct Answer-Amount of money required to purchase
something

value - Correct Answer-Usefulness/ durability of a good or service

rebate - Correct Answer-Return of a portion of a payment

Consignments - Correct Answer-Merchandise given to funeral
director to sell, FD does not pay for merchandise until sold




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, Inventory Management - Correct Answer-Systematic approach to
sourcing, storing, & selling inventory both raw materials
(components) & finished goods (products)

inventory - Correct Answer-Those goods for stock or goods which
are held for resale

Inventory Turnover - Correct Answer-Number of times inventory
has been sold or used up during a period

Economic Order Quantity (EOQ) - Correct Answer-Quantity to be
purchased which minimizes total cost

Casket Rack - Correct Answer-2-3 caskets displayed

Bier - Correct Answer-Flat framed traditionally wood but
sometimes other materials

Casket Display Room - Correct Answer-12 minimum- 30 maximum,
40-60 sq ft per casket

Consecutive Method - Correct Answer-Arranged increasing to
decreasing in price

traffic flow - Correct Answer-Designed to move the family around
in certain manner making it obvious to show dofference

Arrangement of caskets - Correct Answer-Demonstrations or
educational group, intro to display room, education, differences in
caskets

material - Correct Answer-Wood vs metal

Alternative pricing - Correct Answer-Low,medium, high cost casket


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