One Guideline for Determining the Arrangement and Space Allocation of a Retail

question 273

True/False

One guideline for determining the arrangement and space allocation of a retail store is to place high-impulse and high-margin items in the very back of the store.

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Definitions:

Discount

A reduction applied to a regular price or rate, often used as an incentive for purchasing goods or services.

Mark-up

The amount added to the cost price of goods to cover overhead and profit; the difference between the cost and selling price.

Retail Prices

The price at which goods and services are sold to the end consumer, inclusive of markup and VAT.

Markdown

A reduction from the original or retail price of goods or services to increase sales or clear inventory.