MCCCD Program Description

Retail Buying

Course: MKT200

First Term: 2005 Spring

Lecture 3 Credit(s) 3 Period(s) 3 Load
Subject Type: Occupational
Load Formula: S

Description: Examines management/buyer role in investment, pricing, planning, controlling sales and inventories.

MCCCD Official Course Competencies
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)

MCCCD Official Course Outline
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. Merchandise 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

MCCCD Governing Board Approval Date: 12/14/2004

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.