Merchandising Mathematics for Retailing

Series
Prentice Hall
Author
Cynthia R. Easterling / Ellen L. Flottman / Marian H. Jernigan / Beth E.S. Wuest  
Publisher
Pearson
Cover
Softcover
Edition
5
Language
English
Total pages
336
Pub.-date
February 2012
ISBN13
9780132724166
ISBN
0132724162



Description

For courses in mathematics for retail merchandising.

 

Written by experienced retailers, Merchandising Mathematics for Retailing, 5/e introduces students to the essential principles and techniques of merchandising mathematics, and explains how to apply them in solving everyday retail merchandising problems. Instructor- and student-friendly, it features clear and concise explanations of key concepts, followed by problems, case studies, spreadsheets, and summary problems using realistic industry figures. Most chapters lend themselves to spreadsheet use, and skeletal spreadsheets are provided to instructors within the Instructor's Manual. This edition is extensively updated to reflect current trends, and to discuss careers from the viewpoint of working professionals. It adds 20+ new case studies that encourage students to use analytic skills, and link content to realistic retail challenges. This edition also contains a focused discussion of profitability measures, and an extended discussion of assortment planning.

Features

For courses in mathematics for retail merchandising.

 

Written by experienced retailers, Merchandising Mathematics for Retailing, 5/e introduces students to the essential principles and techniques of merchandising mathematics, and explains how to apply them in solving everyday retail merchandising problems. Instructor- and student-friendly, it features clear and concise explanations of key concepts, followed by problems, case studies, spreadsheets, and summary problems using realistic industry figures. Most chapters lend themselves to spreadsheet use, and skeletal spreadsheets are provided to instructors within the Instructor's Manual. This edition is extensively updated to reflect current trends, and to discuss careers from the viewpoint of working professionals. It adds 20+ new case studies that encourage students to use analytic skills, and link content to realistic retail challenges. This edition also contains a focused discussion of profitability measures, and an extended discussion of assortment planning.

 

Hallmark Features

 

Helps students build their understanding one step at a time, tightly linking concepts to application. Presents clear, concise, and well-organized introduction to retail merchandising math, explaining basic concepts and then showing how to apply them in solving real retail merchandising problems.

 

Provides extensive hands-on practice. Presents several types of practical problems, including step-by-step example problems; practice problems with answers; and end-of-chapter summary problems without answers.

 

Gives students realistic spreadsheet practice. Includes spreadsheet-based problems in most chapters, with skeletal spreadsheets available to instructors.

 

Gives students extensive opportunities to study and practice online. Bundled with an access code to MyFashionKit, offering students extra practice problems; interactive tutorials for mastering key formulas and concepts; PowerPoint slides, and mnore.

 

Helps students learn more efficiently and effectively. Uses proven pedagogical features including objectives and bulleted key points at the beginning of chapters, step-by-step examples, highlighted formulas throughout, and end-of-chapter definitions.

 

Provides fraction review for students who need it. Includes an appendix thoroughly reviewing the use of fractions.

New to this Edition

Updated throughout with extensive new coverage reflecting current industry trends, techniques, and careers, including many new case studies.

 

Updated! Contains new materials and examples-reflecting the latest retail industry trends
  • Prepares students to succeed in current retail industry environments 
New! Presents 12 new Career Corner sections-reflecting the experience of industry leaders and professionals
  • Helps students link this text's content to diverse merchandising careers 

New! 20+ new case studies-presenting opportunities to apply merchandising math to realistic retail merchandising challenges

  • Gives students more realistic hands-on practice 

New! Focused discussion of profitability measures-currently used in retail

  • Helps students accurately project and assess profitability 

Expanded! Extended discussion of assortment planning-helps students tightly link product selections to customer needs and business goals

  • Prepares students to successfully participate in the assortment planning process

Table of Contents

1. Introduction

2. Basic Merchandising Mathematics

3. Profitability

4. Cost of Merchandise Sold

5. Markup as a Merchandising Tool

6. Retail Pricing for Profit

7. Inventory Valuation

8. The Dollar Merchandise Plan

9. Open-to-Buy and Assortment Planning