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Author Question: When prices for commodity items are set by auctions, purchase behavior is considered to be what? a. ... (Read 83 times)

Destiiny22

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on: Jun 29, 2018
When prices for commodity items are set by auctions, purchase behavior is considered to be what?
 a. dynamic
  b. relational
  c. transactional
  d. vertical

Question 2

What are some common buying errors a retailer should avoid when buying merchandise?


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Jody Vaughn

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Reply #1 on: Jun 29, 2018
Answer to Question 1

c

Answer to Question 2

Some of the most common buying errors include:
 Buying merchandise that is priced either too high or too low for the store's target market.
 Buying the wrong type of merchandise (i.e., too many tops and not enough skirts) or buying merchandise that is too trendy.
 Having too much or too little basic stock on hand.
 Buying from too many vendors.
 Failing to identify the season's hot items early enough in the season.
 Failing to let the vendor assist the buyer by adding new items or new colors to the existing mix. (All too often, the original order is merely repeated, resulting in a limited selection.)


Destiiny22

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Reply 2 on: Jun 29, 2018
Gracias!

alvinum

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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