{"id":2102,"date":"2018-03-27T22:50:56","date_gmt":"2018-03-27T22:50:56","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/?post_type=chapter&#038;p=2102"},"modified":"2024-04-25T02:59:07","modified_gmt":"2024-04-25T02:59:07","slug":"merchandise-management","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/chapter\/merchandise-management\/","title":{"raw":"Merchandise Management","rendered":"Merchandise Management"},"content":{"raw":"<div class=\"textbox learning-objectives\">\r\n<h3>Learning Objectives<\/h3>\r\n<ul>\r\n \t<li>Define merchandise management<\/li>\r\n<\/ul>\r\n<\/div>\r\n<strong><img class=\"alignright wp-image-5038\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2986\/2018\/03\/22211504\/shelf-1853439_1920-1024x682.jpg\" alt=\"shelves of jarred spices\" width=\"300\" height=\"200\" \/>Merchandise Management<\/strong> involves understanding and evaluating the consumer's buying habits to effectively source, plan, display, and stock merchandise.\r\n\r\nIt is a process from beginning which involves a strategy where you work towards to an end with a performance evaluation. This process is cyclical in nature and involves individuals at every level of the retail organization. Being able to source, plan, display, and stock merchandise is key to effective retail management.\r\n\r\n&nbsp;\r\n<div class=\"textbox tryit\">\r\n<h3>Practice Questions<\/h3>\r\nhttps:\/\/assess.lumenlearning.com\/practice\/be3bc8b4-ef7d-410e-a71b-cc4113057ee7\r\n<\/div>","rendered":"<div class=\"textbox learning-objectives\">\n<h3>Learning Objectives<\/h3>\n<ul>\n<li>Define merchandise management<\/li>\n<\/ul>\n<\/div>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-5038\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2986\/2018\/03\/22211504\/shelf-1853439_1920-1024x682.jpg\" alt=\"shelves of jarred spices\" width=\"300\" height=\"200\" \/>Merchandise Management<\/strong> involves understanding and evaluating the consumer&#8217;s buying habits to effectively source, plan, display, and stock merchandise.<\/p>\n<p>It is a process from beginning which involves a strategy where you work towards to an end with a performance evaluation. This process is cyclical in nature and involves individuals at every level of the retail organization. Being able to source, plan, display, and stock merchandise is key to effective retail management.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"textbox tryit\">\n<h3>Practice Questions<\/h3>\n<p>\t<iframe id=\"assessment_practice_be3bc8b4-ef7d-410e-a71b-cc4113057ee7\" class=\"resizable\" src=\"https:\/\/assess.lumenlearning.com\/practice\/be3bc8b4-ef7d-410e-a71b-cc4113057ee7?iframe_resize_id=assessment_practice_id_be3bc8b4-ef7d-410e-a71b-cc4113057ee7\" frameborder=\"0\" style=\"border:none;width:100%;height:100%;min-height:300px;\"><br \/>\n\t<\/iframe>\n<\/div>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-2102\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Merchandise Management. <strong>Authored by<\/strong>: Robert Danielson. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Untitled. <strong>Authored by<\/strong>: Pexels. <strong>Provided by<\/strong>: Pixabay. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/pixabay.com\/en\/shelf-store-shop-chinese-jars-1853439\/\">https:\/\/pixabay.com\/en\/shelf-store-shop-chinese-jars-1853439\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":62559,"menu_order":3,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Merchandise Management\",\"author\":\"Robert Danielson\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Untitled\",\"author\":\"Pexels\",\"organization\":\"Pixabay\",\"url\":\"https:\/\/pixabay.com\/en\/shelf-store-shop-chinese-jars-1853439\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"c2c111b7-3962-47c4-b1c4-b2ebd25334a8, 92b4bc71-7b91-4a47-a4b2-4863d41437fd","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-2102","chapter","type-chapter","status-publish","hentry"],"part":2095,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters\/2102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/users\/62559"}],"version-history":[{"count":15,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters\/2102\/revisions"}],"predecessor-version":[{"id":6494,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters\/2102\/revisions\/6494"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/parts\/2095"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters\/2102\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/media?parent=2102"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapter-type?post=2102"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/contributor?post=2102"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/license?post=2102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}