merchandise

(noun)

Commodities offered for sale.

Related Terms

Examples of merchandise in the following topics:

  • Overview of Merchandising Operations

    • Merchandising is any practice which contributes to the sale of products to a retail consumer.
    • In Retail commerce, visual display merchandising refers to the process of maximizing merchandise sales using product design, selection, packaging, pricing, and display that stimulates consumers to spend more.
    • In the United Kingdom, for example, there are a number of organizations that supply merchandising services to support retail outlets with general stock replenishment and merchandising support for new stores.
    • Merchandising is any practice which contributes to the sale of products to a retail consumer.
    • Recognize what items make the financial statements for a merchandiser different from a manufacterer

  • Promotional Objectives

    • Promotional merchandise, promotional items, promotional products, promotional gifts, or advertising gifts, sometimes nicknamed swag or schwag, are articles of merchandise (often branded with a logo) used in marketing and communication programs.
    • For example p romotional merchandise, promotional items, promotional products, promotional gifts, or advertising gifts, sometimes nicknamed swag or schwag, are articles of merchandise (often branded with a logo) used in marketing and communication programs.

  • Recording Sales

    • The sales portion of an income statement for merchandising companies is figured as noted below:
    • In double-entry bookkeeping, a sale of merchandise is recorded in the general journal as a debit to cash or accounts receivable and a credit to the sales account.
    • The amount recorded is the actual monetary value of the transaction, not the list price of the merchandise.
    • Fees for services are recorded separately from sales of merchandise, but the bookkeeping transactions for recording sales of services are similar to those for recording sales of tangible goods.

  • Distribution Centers vs. Direct Store Delivery

    • Stores vary in size, in the kinds of services that are provided, in the assortment of merchandise they carry, and in many other respects.
    • That is, they carry many different types of merchandise that may include hardware, clothing, and appliances.
    • Chain Stores - Chain stores are able to buy a wide variety of merchandise in large quantity discounts.
    • Merchandise assortments are generally broad, including both hard and soft goods, but assortments are typically limited to the most popular items, colors, and sizes.
    • Wholesale volume is greater than that of retail because it includes sales to industrial users as well as merchandise sold to retailers for resale.

  • Store Retailers

    • Store retailers vary in size, in the kinds of services, the assortment of merchandise they carry, and many other respects.
    • That is, they carry many different types of merchandise that may include hardware, clothing, and appliances.
    • Each type of merchandise is typically displayed in a different section or department within the store.
    • Because chains were so large, they were able to buy a wide variety of merchandise in large quantity discounts.
    • Supermarkets were among the first to experiment with such innovations as mass merchandising and low-cost distribution methods.

  • Types of Transactions

    • In double-entry bookkeeping, a sale of merchandise is recorded in the general journal as a debit to cash or accounts receivable and a credit to the sales account.
    • The amount recorded is the actual monetary value of the transaction, not the list price of the merchandise.
    • Fees for services are recorded separately from sales of merchandise, but the bookkeeping transactions for recording sales of services are similar to those for recording sales of tangible goods .

  • Vending Machines

    • A vending machine can dispense a wide variety of merchandise when the consumer inserts money into it.
    • The main example of a vending machine giving access to all merchandise after paying for one item is a newspaper vending machine (also called vending box) found mainly in the U.S. and Canada.

  • Introduction to Cooperative Networking

    • In the United States, a business that produces merchandise from wood enters into talks with a plastics injection firm to discuss recyclable packaging ideas.

  • Sales Forecast Input

    • In double-entry bookkeeping, a sale of merchandise is recorded in the general journal as a debit to cash or accounts receivable and a credit to the sales account.
    • Fees for services are recorded separately from sales of merchandise, but the bookkeeping transactions for recording sales of services are similar to those for recording sales of tangible goods.
    • sales allowances are reductions in sales price for merchandise with minor defects, the allowance agreed upon after the customer has purchased the merchandise

  • Factors Affecting Channel Choice

    • Channel choice involves understanding the ultimate user and how they prefer to purchase merchandise.
    • Channel choice begins with two questions: to whom shall we sell this merchandise immediately?
    • Purchased only after considerable shopping to compare prices and merchandise characteristics.
    • Such retailers would rather buy from local distributors who have lenient credit terms and offer a wide assortment of merchandise.