Class Notes (834,152)
Canada (508,380)
RMG 400 (49)
Lecture

Partnerships

3 Pages
44 Views
Unlock Document

Department
Retail Management
Course
RMG 400
Professor
Bharat Sud
Semester
Fall

Description
Chapter 11 Types of Vendors • Manufacturers • Wholesalers • Manufacturer’s Representatives / Brokers • Rack Jobbers Making Contact with Vendors • Buyer-Initiated • Vendor-Initiated Selecting Vendors • Merchandise/Prices Offered • Distribution Policies (Exclusive / Selective) • Reputation / Reliability • Terms offered • Services offered o Cooperative Advertising o Advertising Aids o Return and Exchange privileges o Participation in Store Promotions o Sales Training o Assistance in Stock Control o Pre-ticketing of Merchandise Analyzing Vendor Performance What type of information should the buyer maintain in order to evaluate the vendors? • Total purchases for the year/season • Returns to vendor • Initial Markup percentage • Advertising allowances • Markdowns • Cash discounts • Transportation expenses • Customer opinion • Reliability Describe criteria against which vendors can be evaluates: • Against its prior performance • Against other vendors • Percentage of Stores Orders Basis for Strong Buyer-Vendor Relationships www.notesolution.com • Keep appointments • V
More Less

Related notes for RMG 400

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit