Maricopa Community Colleges  MKT200   19972-20046 
Official Course Description: MCCCD Approval: 11/26/96
MKT200 19972-20046 LEC 3 Credit(s) 3 Period(s)
Retail Buying
Examines management/buyer role in investment, pricing, planning, controlling sales and inventories. Prerequisites: None. Any BPC/CIS spreadsheet course recommended.
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MCCCD Official Course Competencies:
MKT200   19972-20046 Retail Buying
1. Explain the merchandiser's role in the following organizations: small store, medium-to-large volume store, and in the chain store system. (I)
2. Perform basic merchandising equations and other arithmetic calculations used in the merchandising operation. (I-VI)
3. Identify the various principles, practices, and techniques employed by retail merchants in the planning and control of their stock assortments. (VII-IX)
4. Explain the use and function of typical retail store merchandising forms and reports. (II-IV, VII-IX)
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MCCCD Official Course Outline:
MKT200   19972-20046 Retail Buying
    I. Introduction to Retail Merchandising
        A. Fundamental concepts
        B. Organization of merchandising
      II. Elements of Merchandising Profit
          A. Profit as a retail merchandising objective
          B. Profit and loss statements
        III. The Seasonal Merchandise Plan and Open-To-Buy
          IV. The Purchase Order and Term of Sale
            V. merchandies Pricing and markups
              VI. Repricing Merchandise
                  A. Markdowns
                  B. Additional markups
                  C. Employee discounts
                VII. Inventory Control
                    A. Devices
                    B. Procedures
                  VIII. Inventory Control
                      A. Devices
                      B. Procedures
                    VIII. Inventory Control: The Book Inventory
                      IX. Periodic Reports on the Merchandising Operation
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