Percentage of the final selling price that is (gross) profit. #RetailPlanning #FinancialManagement #Pricing #RetailSelling
The dollar difference between net sales and the net cost of goods sold during a stated time frame, excluding the selling and other operating expenses. #Pricing
A standard used for comparative purposes. Generally the user will be rated against a benchmarked expert who has certain skill level. Financial and non-financial insight into operations, lead strategy, effect change and generate results for the organization. #Pricing ...
A formally written statement that allows your store buyers to make better purchasing decision, which in turn will drive your store's retail success. #RetailPlanning #PlanningMerchandiseAssortments #Promotion #VisualMerchandising #Pricing
Prices at which demand for a given product stay relatively high. Also referred to as pricing strategy. #RetailSelling #Pricing #FinancialManagement #RetailPlanning
A percentage expression using an item's cost price as its computational basis. To calculate: Selling Price = Cost Price x (1 + margin percentage expressed as a decimal) . Here is the difference between the same percentage of Markup and Margin Example of...
Designs that are manufactured quickly and cheaply to capture current trends.The mainstream consumer cna then purchase current clothing at a lower price. #RetailPlanning #PlanningMerchandiseAssortments #Promotion #Pricing #BuyingMerchandise #KnowingCustomerNeedsandWants
The desired margin used to set the initial retail price on a product or service. #Pricing
The practice of doubling the cost price to arrive at the selling price. #Pricing