Which of the Following Statements Is Not True of the Merchandise

question 63

Multiple Choice

Which of the following statements is not True of the merchandise classification scheme?

• A) A stock-keeping unit (SKU) is the smallest unit available for inventory control.
• B) In soft goods, a SKU usually means a particular size, color, and style.
• C) SKUs are the basic units of analysis for making merchandising management decisions.
• D) The highest classification level is the merchandise group.
• E) A classification is a group of items targeting the same customer type.

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Definitions:

Rate of Inflation

The velocity at which the cumulative price level of goods and services elevates, thereby diminishing the purchasing capability.

Cyclical Unemployment

Unemployment caused by the cyclical trends in the economy, typically increasing during recessions and decreasing during periods of economic growth.

Overall Unemployment Rate

The amount of the workforce that remains unemployed and is actively on the lookout for employment.

Cyclical Unemployment

Unemployment that results from economic downturns or recessions, characterized by a lack of demand for goods and services.