Mathematics for Retail Buying
Autor Bette K. Tepper, Marla Greeneen Limba Engleză Paperback – 16 apr 2020
New to this Edition
· Updated mathematical practice problems with selected answers in the back of the book for review
· Updated case studies reflect realistic and practical merchandising situations
· Thoroughly updated and revised text to reflect most common practices in the field
Mathematics for Retail Buying STUDIO
-Study smarter with self-quizzes featuring scored results and personalized study tips
-Review concepts with flashcards of terms and definitions and key formulas
-Practice your skills by computing Practice Problems from the text, available digitally with formulas embedded in the Excel spreadsheets
-Enhance your knowledge with additional real-world case studies and activities for each chapter
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Specificații
ISBN-13: 9781501356704
ISBN-10: 1501356704
Pagini: 388
Dimensiuni: 216 x 280 x 24 mm
Greutate: 1.08 kg
Ediția:9. Auflage
Editura: Bloomsbury Publishing
Locul publicării:New York, United States
ISBN-10: 1501356704
Pagini: 388
Dimensiuni: 216 x 280 x 24 mm
Greutate: 1.08 kg
Ediția:9. Auflage
Editura: Bloomsbury Publishing
Locul publicării:New York, United States
Cuprins
Preface
Introduction
Quick Tips for Setting Up Your Computer Spreadsheet
Chapter 1: Merchandising for a Profit
1.1. Profit Components
1.2. Profit and Loss Statements
1.3. How to Increase Profits
Chapter 2: Retail Pricing and Repricing of Merchandise
2.1. Retail Pricing and Pricing Strategies
2.2. Basic Markup Equations Used in Buying Decisions
2.3. Repricing of Merchandise/Markdowns
2.4. Point-Of-Sale (POS) and Permanent (Physical) Markdowns
2.5. Analytical Criteria for Taking Markdowns
Chapter 3: Basic Markup Equations Used in Merchandising Decisions
3.1. Types of Markups
3.2. Averaging or Balancing Markup
3.3. Limitations of the Markup Percentage as a Guide to Profits
Chapter 4: The Retail Method of Inventory
4.1. Explanation of the Retail Method of Inventory
4.2. General Procedures for Implementing the Retail Method of Inventory
4.3. Shortages and Overages
4.4. An Evaluation of the Retail Method of Inventory
Chapter 5: Six-Month Planning and Components
5.1. Planning Net Sales
5.2. Turnover/GMROI
5.3. Stock/Inventory Planning Methods
5.4. Open-to-Buy and Purchase/Receipt Planning
5.5. Open-to-Buy Control
5.6. Six-Month Seasonal Dollar Merchandise Plan
5.7. Assortment/Classification Planning
Chapter 6: Invoice Mathematics/Terms of Sale
6.1. Invoice Mathematics: Terms of Sales
Glossary of Concept Formulas
Glossary of Terms
Selected Answers
Index
Introduction
Quick Tips for Setting Up Your Computer Spreadsheet
Chapter 1: Merchandising for a Profit
1.1. Profit Components
1.2. Profit and Loss Statements
1.3. How to Increase Profits
Chapter 2: Retail Pricing and Repricing of Merchandise
2.1. Retail Pricing and Pricing Strategies
2.2. Basic Markup Equations Used in Buying Decisions
2.3. Repricing of Merchandise/Markdowns
2.4. Point-Of-Sale (POS) and Permanent (Physical) Markdowns
2.5. Analytical Criteria for Taking Markdowns
Chapter 3: Basic Markup Equations Used in Merchandising Decisions
3.1. Types of Markups
3.2. Averaging or Balancing Markup
3.3. Limitations of the Markup Percentage as a Guide to Profits
Chapter 4: The Retail Method of Inventory
4.1. Explanation of the Retail Method of Inventory
4.2. General Procedures for Implementing the Retail Method of Inventory
4.3. Shortages and Overages
4.4. An Evaluation of the Retail Method of Inventory
Chapter 5: Six-Month Planning and Components
5.1. Planning Net Sales
5.2. Turnover/GMROI
5.3. Stock/Inventory Planning Methods
5.4. Open-to-Buy and Purchase/Receipt Planning
5.5. Open-to-Buy Control
5.6. Six-Month Seasonal Dollar Merchandise Plan
5.7. Assortment/Classification Planning
Chapter 6: Invoice Mathematics/Terms of Sale
6.1. Invoice Mathematics: Terms of Sales
Glossary of Concept Formulas
Glossary of Terms
Selected Answers
Index
Recenzii
I have been using Bette's mathematics for retail buying (since its 6th edition) for many years. The 8th edition is by far the best one. The content of this book is very comprehensive and covers almost all retail math a retail buyer typically needs to know. The content is very straightforward and the students like the retail math problems.
Well organized. I love the key concept formula list and the case studies. Answers at the back are super helpful.
Overall, this is a very good and useful book I can easily use full of exercises and case studies. I like the list of key terms and key concept formulas at the start of each chapter. Also the Concept/Problem/Solution framework applied to all the numerical examples is a clear example of good practice and should be kept in the future.
The structure of this book works very well with the way I teach. The majority of our students are interested in becoming designers and entrepreneurs rather than retail buyers and I feel that this text does an exceptional job in conveying the importance of the bottomline. Of all the textbooks that I have used or reviewed on this subject "Mathematics For Retail Buying" is by far the best and most comprehensive book that I have used to date.
Well organized. I love the key concept formula list and the case studies. Answers at the back are super helpful.
Overall, this is a very good and useful book I can easily use full of exercises and case studies. I like the list of key terms and key concept formulas at the start of each chapter. Also the Concept/Problem/Solution framework applied to all the numerical examples is a clear example of good practice and should be kept in the future.
The structure of this book works very well with the way I teach. The majority of our students are interested in becoming designers and entrepreneurs rather than retail buyers and I feel that this text does an exceptional job in conveying the importance of the bottomline. Of all the textbooks that I have used or reviewed on this subject "Mathematics For Retail Buying" is by far the best and most comprehensive book that I have used to date.