Explore the concept of markup, its role in economics and retail, and its implications for both profit margins and consumer pricing strategies.
Explore how mark-up is calculated and its significance in retail pricing decisions, along with the difference between mark-up and margin.
Explore the National Retail Federation (NRF), the premier trade association for the retail industry. Learn about the NRF's advocacy, education efforts, and its pivotal role in retail policy and workforce development.
Explore the concept of shrinkage in inventory management, its impact on profits, its common causes, and effective strategies to minimize inventory loss.
Explore the crucial role of distribution centres in the supply chain, serving as strategic hubs where goods transit from manufacturers to retailers.
Explore the concept of stock out in inventory management, learn its effects on business operations, and discover strategies to prevent it.
Discover how trade discounts enhance business transactions by offering reductions on list prices for bulk purchases.
Uncover the essentials of Fast-Moving Consumer Goods (FMCG), their role in daily life, their economic impact, and their positioning in the market.
Understand the essentials of distribution channels, their types, key components, and how they influence consumer access and business profitability.
Explore the definition, significance, and evolution of brick-and-mortar businesses in the competitive digital age, and discover how these traditional entities are adapting and thriving.
Explore the concept of wholesaling, its pivotal role between manufacturers and retailers, and its economic implications in the supply chain.
Explore the vital role of vendors in the supply chain, differentiating between manufacturers, retailers, and service providers, and how they operate in the B2B and B2C contexts.
