A Practical Approach To Merchandising Mathematics

A Practical Approach to Merchandising Mathematics, Revised 1st Edition, is dedicated to helping students master the mathematical concepts, techniques, and analysis utilized in the merchandise buying and planning process. Students will review basic maths concepts; learn how to use typical merchandising forms; become familiar with the application of computerized spreadsheets in retailing; and recognize the basic factors of buying and selling that affect profit. This peer-reviewed new edition of the text brings together assortment planning, vendor analysis, markup and pricing, and terms of sale into one comprehensive resource for students who will be involved with the activities of merchandise buying in the retail industry. Introducing A Practical Approach to Merchandising Mathematics STUDIO--an online tool for more effective study! Study smarter with self-quizzes featuring scored results and personalized study tips Review concepts with flashcards of terms and definitions Access downloadable spreadsheets and tables illustrating operational results, inventory and merchandise plans Test your knowledge with review exercises covering key text concepts Redeeming the code inside this card will give you full access to the content previously contained on the DVD or CD packaged with this book This bundle includes A Practical Approach to Merchandising Mathematics Revised First Edition and A Practical Approach to Merchandising Mathematics STUDIO Access Card.

A Practical Approach to Merchandising Mathematics, Revised 1st Edition, is dedicated to helping students master the mathematical concepts, techniques, and analysis utilized in the merchandise buying and planning process. Students will review basic maths concepts; learn how to use typical merchandising forms; become familiar with the application of computerized spreadsheets in retailing; and recognize the basic factors of buying and selling that affect profit. This peer-reviewed new edition of the text brings together assortment planning, vendor analysis, markup and pricing, and terms of sale into one comprehensive resource for students who will be involved with the activities of merchandise buying in the retail industry.

- Basic Math Concepts - Factors Affecting Profit - Cost of Merchandise and Terms of Sale - Reductions - Calculating Basic Markup - Markup and Pricing Strategy - Valuation of Retail Inventory - Six-Month Plans - Purchase Performance and Profitability - Interviews with industry professionals on practical application topics like keys to anticipating stock turn, trend spotting, and timing - CD-ROM includes templates for specific computer spreadsheet problems and cases - Real-world examples, store forms to compute practice problems - Industry terminology and data reflected throughout the text and in the practice problems - Easy-to-follow, step-by-step presentations explain the derivations of formulas - Instructor's Guide provides suggestions for planning the course and using the text in the classroom

A Practical Approach to Merchandising Mathematics, Revised 1st Edition, is dedicated to helping students master the mathematical concepts, techniques, and analysis utilized in the merchandise buying and planning process. Students will review basic maths concepts; learn how to use typical merchandising forms; become familiar with the application of computerized spreadsheets in retailing; and recognize the basic factors of buying and selling that affect profit. This peer-reviewed new edition of the text brings together assortment planning, vendor analysis, markup and pricing, and terms of sale into one comprehensive resource for students who will be involved with the activities of merchandise buying in the retail industry. PLEASE NOTE: Purchasing or renting this ISBN does not include access to the STUDIO resources that accompany this text. To receive free access to the STUDIO content with new copies of this book, please refer to the book + STUDIO access card bundle ISBN 9781501395406. STUDIO Instant Access can also be purchased or rented separately on BloomsburyFashionCentral.com.

Presents a practical approach to mastering the various mathematical elements needed for operating a retail store. The text includes a discussion of the financial aspects of the retail business.

This guide of practical and proven math techniques for the retailer, vendor, or student of merchandizing combines retailer and vendor experience with real-world examples, formulas, and forms for all sizes of operations. The building block format allows readers to gradually build knowledge, understanding, and skill regarding the mechanics involved in profitable merchandising.

This textbook/workbook/software program is aimed at students and retail personnel who use merchandising math. Beginning with markups and markdowns and ending with profit-and-loss statements, the text covers concepts of increasing difficulty. Easy-to-follow presentations give the reasons for using each mathematical concept and explain the derivations of the formulas, step-by-step. The primary formulas are highlighted. The presentation of each basic concept includes a set of assignment problems in both the text and software for practice. Instructor's Guide describes and explains the organization and elements of the text, showing how to use the software in combination with the text. It provides solutions to all assignments, general overviews to the chapters, objectives, key terms, additional learning activities, quizzes, and test banks. Examples from the pages of WWD and other Fairchild publications show real life situations in which the mathematical concepts are applied. A special bonus is a set of transparency masters that aid the instructor in presenting the major mathematical concepts in the classroom.

For courses in mathematics for retail merchandising. Written by experienced retailers, Merchandising Mathematics for Retailing, 5/e introduces students to the essential principles and techniques of merchandising mathematics, and explains how to apply them in solving everyday retail merchandising problems. Instructor- and student-friendly, it features clear and concise explanations of key concepts, followed by problems, case studies, spreadsheets, and summary problems using realistic industry figures. Most chapters lend themselves to spreadsheet use, and skeletal spreadsheets are provided to instructors within the Instructor's Manual. This edition is extensively updated to reflect current trends, and to discuss careers from the viewpoint of working professionals. It adds 20+ new case studies that encourage students to use analytic skills, and link content to realistic retail challenges. This edition also contains a focused discussion of profitability measures, and an extended discussion of assortment planning.