HST 210 Chapter Notes - Chapter 2: M&M Food Market, Holt Renfrew, Private Label
23 Apr 2016
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Naics: collect data on business activity in each country. Every business is assigned a hierarchical, six-digit code based on the type of products and services it produces and sells. Breadth refers to the variety of merchandise, or the number of merchandise categories clothes, shoes, jewelery. Depth is the number of different items within a specific merchandise category. The bay would have a large depth and breadth of clothing, since it has sections for all aspects of the fashion market (underwear, shoes, athletic wear, formal wear) Many sku"s being offered means the retailer incurs more inventory costs. Same with more salespeople who provide a variety of services, as well as certain installations that take up valuable store space i. e. changerooms, washrooms. Department stores have higher prices because of higher costs broader variety, deeper assortments, and additional services. Discount stores can afford lower prices because they don"t offer some services that departments stores do.
