Maricopa Community Colleges  MKT268   19916-99999 

Official Course Description: MCCCD Approval: 3-26-91

MKT268  1991 Fall - 9999

LEC

3.0 Credit(s)

3.0 Period(s)

Merchandising

Surveys structure and operation of retail organizations. Emphasizes merchandising to include price, location, time promotion and quantity.

Prerequisites: None. MKT271 suggested but not required.

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MCCCD Official Course Competencies:

 

MKT268  1991 Fall - 9999

Merchandising

 

1.

Describe the framework of retailing. (I)

2.

Given a situation, describe and define the steps relating to retail strategy. (II)

3.

Classify and describe the characteristics of various types of retail institutions categorized by ownership, strategy mix, non-store sales, and service versus product. (III)

4.

Explain consumer behavior relating to the decision process, factors affecting the decision process, and the types of decision processes. (IV)

5.

Explain the marketing research process including secondary data sources and primary data sources. (V)

6.

Describe the decisions involved in location planning and selection. (VI)

7.

Given a retail situation, describe the process of developing a retail organization. (VII)

8.

Explain the stages in merchandise and management. (VIII)

9.

Discuss the aspects of communicating with the customer, including store image, atmosphere customer service, community relations, elements of the retail promotional mix, and planning the retail promotional strategy. (IX)

10.

Describe pricing in retailing, including the factors affecting price strategy and development of a retail price strategy. (X)

11.

Explain the concepts relating to a service retailer. (XI)

12.

Describe the integration and control of retail strategy in the retail concept. (XII)

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MCCCD Official Course Outline:

 

MKT268  1991 Fall - 9999

Merchandising

I. An Introduction to Retailing

A. The framework of retailing

B. Retail strategy in action

II. Retail Strategy: Owning or Managing a Business

A. Situation analysis

B. Objectives

C. Identification of consumer characteristics and needs

D. Overall strategy

E. Specific activities

F. Control

G. Feedback

III. Retail Institutions

A. Categorized by ownership

B. Categorized by strategy mix

C. Categorized by non-store sales

D. Categorized by service versus product

IV. Consumer Behavior

A. Decision process

B. Factors affecting process

C. Types of decision processes

V. Marketing Research in Retailing

A. Process

B. Secondary data sources

C. Primary data sources

VI. Choosing a Store Location

A. Importance of Location

B. Trading Area Analysis

C. Characteristics of Trading Areas

D. Types of Locations

E. Site Evaluation

VII. Retail Organization and Personnel Management

A. Setting up a retail organization

B. Organization patterns

C. Personnel Management

VIII. Merchandise Planning and Management

A. Merchandise buying

B. Handling process

C. Inventory valuation

D. Forecasting and budgeting

E. Unit control system

F. Financial inventory control

IX. Communicating with the Customer

A. Store image

B. Atmosphere

C. Customer service

D. Community relations

E. Elements of the retail promotional mix

F. Planning the retail promotional strategy

X. Pricing in Retailing

A. Factors affecting retail price strategy

B. Development of a retail price strategy

XI. Planning by a Service Retailer

A. Strategy concepts applied to service retailing

XII. Integrating and Controlling the Retail Strategy

A. Integrating the retail strategy

B. Control

 

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