A Diagram That Shows How and Where Specific Products Should

question 91

Multiple Choice

A diagram that shows how and where specific products should be placed on retail shelves or displays to increase customer purchases is called a(n) _______.

• A)merchandise plan
• B)allocation plan
• C)placement plan
• D)planogram
• E)assortment plan

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Definitions:

Air Travel

The act of traveling in an aircraft, often commercially, where passengers are transported from one location to another.

Law of Demand

Economic principle stating that as the price of a good increases, the quantity demanded decreases, and vice versa, ceteris paribus.

Ticket Prices

The cost at which an individual can purchase a ticket to gain entry to an event, such as a concert, movie, or sports game.

Input Costs

Expenses incurred by firms for purchasing the raw materials, labor, and other inputs required for the production of goods or provision of services.