An Open-To-Buy System Compares

question 67

Multiple Choice

An open-to-buy system compares

• A) a store's perpetual inventory and order point quantity.
• B) the amount of merchandise in dollars and the sales forecast.
• C) the planned and actual end-of-month inventory.
• D) annual sales and backup stock required for merchandise categories.
• E) the assortment plan and the projected sales volume.

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Definitions:

Negative Reinforcement

The process of increasing a behavior by removing or avoiding a negative outcome or stimulus.

Positive Reinforcement

A process in operant conditioning that increases the likelihood of a behavior by following it with a desirable outcome or reward.

Positive Punishment

Increasing the likelihood of reducing a behavior by adding an unfavorable outcome or event following the behavior.

Natural Consequences

Punishments enacted naturally as a consequence of the negative behavior.