Supermarkets

Supermarkets

Terms that are in relation to the biggest kind of retail store.

Industry: Retail

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Supermarkets

buying committee

Retail; Supermarkets

A management review committee that analyzes and selects new products, deals and special promotions. See advisory board; merchandising committee; plans committee.

over & under

Retail; Supermarkets

A management standard for cash-register receipts and for inventory discrepancies, e.g., breakage, price adjustments.

activity based management (ABM)

Retail; Supermarkets

A management strategy used in Efficient Consumer Response (ECR), based on principles of activity based costing. See activity based costing; Efficient Consumer Response.