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Mathematics for Retail Buying Marla Greene (LIM College, USA)

Mathematics for Retail Buying By Marla Greene (LIM College, USA)

Mathematics for Retail Buying by Marla Greene (LIM College, USA)

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$209.39
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Mathematics for Retail Buying Summary

Mathematics for Retail Buying: Bundle Book + Studio Access Card by Marla Greene (LIM College, USA)

Mathematics for Retail Buying, Ninth Edition, introduces merchandising and retailing students to the most important concepts in retail math through step-by-step examples with practice problems and solutions. Coverage begins with the skeletal profit and loss statement, and moves through retail pricing and repricing of merchandise, markups, markdowns, the retail method of inventory, six-month, and assortment planning. This new edition introduces a practical approach that incorporates actual retail scenarios and concepts that are relevant to the fashion industry today. There is also a focus on mathematical factors that affects the gross margin and profitability, key to the success of any merchandise buyer or planner. New to this Edition * Updated mathematical practice problems with selected answers in the back of the book for review * Updated case studies reflect realistic and practical merchandising situations * Thoroughly updated and revised text to reflect most common practices in the field Mathematics for Retail Buying STUDIO -Study smarter with self-quizzes featuring scored results and personalized study tips -Review concepts with flashcards of terms and definitions and key formulas -Practice your skills by computing Practice Problems from the text, available digitally with formulas embedded in the Excel spreadsheets -Enhance your knowledge with additional real-world case studies and activities for each chapter

Mathematics for Retail Buying Reviews

I have been using Bette's mathematics for retail buying (since its 6th edition) for many years. The 8th edition is by far the best one. The content of this book is very comprehensive and covers almost all retail math a retail buyer typically needs to know. The content is very straightforward and the students like the retail math problems. -- Sheng Lu, Assistant Professor, Fashion and Apparel Studies, University of Delaware * Proposal Review *
Well organized. I love the key concept formula list and the case studies. Answers at the back are super helpful. -- Jaye Thompson, Adjunct Professor, Retail Merchandising, University of Minnesota * Proposal Review *
Overall, this is a very good and useful book I can easily use full of exercises and case studies. I like the list of key terms and key concept formulas at the start of each chapter. Also the Concept/Problem/Solution framework applied to all the numerical examples is a clear example of good practice and should be kept in the future. -- Miguel Martins, Principal Lecturer, School of Fashion, University for the Creative Arts * Proposal Review *
The structure of this book works very well with the way I teach. The majority of our students are interested in becoming designers and entrepreneurs rather than retail buyers and I feel that this text does an exceptional job in conveying the importance of the bottomline. Of all the textbooks that I have used or reviewed on this subject Mathematics For Retail Buying is by far the best and most comprehensive book that I have used to date. -- Dhona Spaconsky, College Professor, Lecturer, and Instructor, Fashion Design and Merchandising, Academy of Couture Art * Proposal Review *

About Marla Greene (LIM College, USA)

Bette K. Tepper is a former faculty member of the Fashion Management Department at the Fashion Institute of Technology (FIT), US. Marla Greene is Clinical Associate Professor of Fashion Merchandising at LIM College, NYC, US.

Table of Contents

Preface Introduction Quick Tips for Setting Up Your Computer Spreadsheet Chapter 1: Merchandising for a Profit 1.1. Profit Components 1.2. Profit and Loss Statements 1.3. How to Increase Profits Chapter 2: Retail Pricing and Repricing of Merchandise 2.1. Retail Pricing and Pricing Strategies 2.2. Basic Markup Equations Used in Buying Decisions 2.3. Repricing of Merchandise/Markdowns 2.4. Point-Of-Sale (POS) and Permanent (Physical) Markdowns 2.5. Analytical Criteria for Taking Markdowns Chapter 3: Basic Markup Equations Used in Merchandising Decisions 3.1. Types of Markups 3.2. Averaging or Balancing Markup 3.3. Limitations of the Markup Percentage as a Guide to Profits Chapter 4: The Retail Method of Inventory 4.1. Explanation of the Retail Method of Inventory 4.2. General Procedures for Implementing the Retail Method of Inventory 4.3. Shortages and Overages 4.4. An Evaluation of the Retail Method of Inventory Chapter 5: Six-Month Planning and Components 5.1. Planning Net Sales 5.2. Turnover/GMROI 5.3. Stock/Inventory Planning Methods 5.4. Open-to-Buy and Purchase/Receipt Planning 5.5. Open-to-Buy Control 5.6. Six-Month Seasonal Dollar Merchandise Plan 5.7. Assortment/Classification Planning Chapter 6: Invoice Mathematics/Terms of Sale 6.1. Invoice Mathematics: Terms of Sales Glossary of Concept Formulas Glossary of Terms Selected Answers Index

Additional information

NGR9781501356704
9781501356704
1501356704
Mathematics for Retail Buying: Bundle Book + Studio Access Card by Marla Greene (LIM College, USA)
Marla Greene (LIM College, USA)
New
Hardback
Bloomsbury Publishing PLC
2020-04-16
388
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - Mathematics for Retail Buying